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.
politics
Retail
Retail Sales Slump as French Strikes Continue
Retail sales were 40 percent to 45 percent lower last week as public transit workers continue to demonstrate over a proposed pension overhaul.
Retail Sales Slump as French Strikes Continue
Retail sales were 40 percent to 45 percent lower last week as public transit workers continue to demonstrate over a proposed pension overhaul.
China
Hong Kong Government Pledges Funds to Boost Economy
Hong Kong is grappling with its first recession in a decade amid deepening concern that international investors may be growing more skittish.
Hong Kong Government Pledges Funds to Boost Economy
Hong Kong is grappling with its first recession in a decade amid deepening concern that international investors may be growing more skittish.
News & Analysis
What We Learned at VOICES: It’s Time to Reboot Our Humanity
The world is on fire. The causes are globalisation, technology, the climate crisis and generational change, but the antidote is culture and reimagining human values, argue Brad Grossman and Dan Mitchell of Zeitguide, reflecting on their experience at BoF VOICES.
What We Learned at VOICES: It’s Time to Reboot Our Humanity
The world is on fire. The causes are globalisation, technology, the climate crisis and generational change, but the antidote is culture and reimagining human values, argue Brad Grossman and Dan Mitchell of Zeitguide, reflecting on their experience at BoF VOICES.
News & Analysis
BoF VOICES Day 2: The Shape of Things to Come
New and rapidly evolving markets offer exciting opportunities for the fashion industry, but the sector also faces an internal reckoning as it struggles to measure up to growing demands for a more inclusive future.
BoF VOICES Day 2: The Shape of Things to Come
New and rapidly evolving markets offer exciting opportunities for the fashion industry, but the sector also faces an internal reckoning as it struggles to measure up to growing demands for a more inclusive future.
News & Analysis
Trisha Shetty: Human Rights, Human Wrongs
Showing up, speaking up, and continuing to stand in solidarity with those facing human rights violations is critical, the Indian social activist and lawyer urged on the BoF VOICES stage.
Trisha Shetty: Human Rights, Human Wrongs
Showing up, speaking up, and continuing to stand in solidarity with those facing human rights violations is critical, the Indian social activist and lawyer urged on the BoF VOICES stage.
News & Analysis
BoF VOICES Day 1: Fashion Confronts a Challenging Future
The industry is grappling with an uncertain outlook amid projections for slowing growth and mounting socio-political unrest, but new technology and business models offer hope for innovative solutions.
BoF VOICES Day 1: Fashion Confronts a Challenging Future
The industry is grappling with an uncertain outlook amid projections for slowing growth and mounting socio-political unrest, but new technology and business models offer hope for innovative solutions.
News & Analysis
Hans Ulrich Obrist: The Antidote to Globalisation
At VOICES, the curator and artistic director of the Serpentine Galleries argued that a softer ‘mondialité,’ where local and global identities coexist, could be the solution to growing nationalism, adding that artists must play a role in creating alternative futures.
Hans Ulrich Obrist: The Antidote to Globalisation
At VOICES, the curator and artistic director of the Serpentine Galleries argued that a softer ‘mondialité,’ where local and global identities coexist, could be the solution to growing nationalism, adding that artists must play a role in creating alternative futures.
Global Markets
Carole Cadwalladr: Is This the End of Democracy?
On the VOICES stage, journalists Carole Cadwalladr, Felix Salmon, Janine Gibson and Yinka Adegoke examined the spread of digital misinformation and why traditional governance is failing everyday citizens.
Carole Cadwalladr: Is This the End of Democracy?
On the VOICES stage, journalists Carole Cadwalladr, Felix Salmon, Janine Gibson and Yinka Adegoke examined the spread of digital misinformation and why traditional governance is failing everyday citizens.
News & Analysis
Op-Ed | A Manifesto for Mindful Cross-Cultural Borrowing
The rise of radical inclusivity has turned a nuanced debate on cultural appropriation into a series of trials by social media. There must be a better way, says Suleman Anaya.
Op-Ed | A Manifesto for Mindful Cross-Cultural Borrowing
The rise of radical inclusivity has turned a nuanced debate on cultural appropriation into a series of trials by social media. There must be a better way, says Suleman Anaya.
Workplace & Talent
Op-Ed | Fashion's Class Barrier
The financial barriers to entry in America’s fashion system hold back creative talent, argues Chantal Fernandez.
Op-Ed | Fashion's Class Barrier
The financial barriers to entry in America’s fashion system hold back creative talent, argues Chantal Fernandez.
Global Markets
Uniqlo Ad Sparks Protest as South Korea-Japan Dispute Flares
The company's sales take a hit in South Korea amid an existing, wide-ranging boycott.
Uniqlo Ad Sparks Protest as South Korea-Japan Dispute Flares
The company's sales take a hit in South Korea amid an existing, wide-ranging boycott.
News & Analysis
Uniqlo Suspends TV Ad Accused of Mocking Korean Sex Slaves
The commercial has been withdrawn from Uniqlo’s Youtube account and television networks.
Uniqlo Suspends TV Ad Accused of Mocking Korean Sex Slaves
The commercial has been withdrawn from Uniqlo’s Youtube account and television networks.
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.