De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Phnom Penh, Cambodia
News & Analysis
Cambodia to Increase Garment Industry Minimum Wage
Cambodia says it will raise the minimum wage in its clothing industry by 9.4 percent to $140 a month.
Cambodia to Increase Garment Industry Minimum Wage
Cambodia says it will raise the minimum wage in its clothing industry by 9.4 percent to $140 a month.
News & Analysis
Cambodia Garment Workers Face Routine Rights Abuse
Many factories unlawfully use short-term contracts to avoid paying benefits and indiscriminately fire workers, and verbal abuse and sexual harassment is common in the female-dominated industry, Human Rights Watch said.
Cambodia Garment Workers Face Routine Rights Abuse
Many factories unlawfully use short-term contracts to avoid paying benefits and indiscriminately fire workers, and verbal abuse and sexual harassment is common in the female-dominated industry, Human Rights Watch said.
News & Analysis
Cambodia’s Wages Rise, Orders Don’t
"In the factory dorm room she shares with three other garment workers on the outskirts of Phnom Penh, 25-year-old Chheav Sarun has hung two framed
Cambodia’s Wages Rise, Orders Don’t
"In the factory dorm room she shares with three other garment workers on the outskirts of Phnom Penh, 25-year-old Chheav Sarun has hung two framed
Global Markets
Cambodia Increases Garment Industry Minimum Wage
Cambodia is raising the minimum wage in its important clothing industry by 28 percent to $128 a month, falling short of labor unions' $140 proposal.
Cambodia Increases Garment Industry Minimum Wage
Cambodia is raising the minimum wage in its important clothing industry by 28 percent to $128 a month, falling short of labor unions' $140 proposal.
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News & Analysis
Cambodian Garment Workers Return to Work After Deadly Clashes
PHNOM PENH, Cambodia — Tens of thousands of garment workers have returned to work in Cambodia, ending a two-week pay dispute after authorities used
Cambodian Garment Workers Return to Work After Deadly Clashes
PHNOM PENH, Cambodia — Tens of thousands of garment workers have returned to work in Cambodia, ending a two-week pay dispute after authorities used
News & Analysis
Cambodian Forces Open Fire as Factory Strikes Turn Violent
PHNOM PENH, Cambodia — Cambodian military police opened fire with assault rifles on Friday to quell a protest by garment factory workers demanding
Cambodian Forces Open Fire as Factory Strikes Turn Violent
PHNOM PENH, Cambodia — Cambodian military police opened fire with assault rifles on Friday to quell a protest by garment factory workers demanding
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The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.