British luxury fashion house Burberry reported an 18 percent decline in net profit to USD 196 million for the first half ending September, citing weakened global demand for high-end clothing, particularly in China’s slowing economy. In an official statement, Burberry acknowledged the impact of the global luxury demand slowdown on current trading and expressed concerns […]
One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Ministry of External Affairs Official Spokesperson Arindam Bagchi has said the India-UK Free Trade Agreement (FTA) was discussed during External Affairs Minister (EAM) S Jaishankar’s meeting with UK Prime Minister Rishi Sunak on his recent visit to the country. “The EAM discussed the FTA with the UK PM and the newly sworn-in foreign secretary. There […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
The US’ consumer price inflation slowed to 3.32 per cent in October, snapping its steady climb over for the last two months, CNN reported, adding that the decline has come as a huge sigh of relief for American consumers, who have been grappling with rising prices of essential commodities over the last two years. The […]
External Affairs Minister (EAM) S Jaishankar has said India’s trade with Africa today is in excess of USD 100 billion and is fairly evenly balanced. “Our trade with Africa today is in excess of USD 100 billion and it’s actually fairly evenly balanced. It’s not just trade, India is among the top five investors in […]
Global electronic manufacturer China experienced a 6.3 per cent lower smartphone shipments in quarter 3 of 2023 compared to the same period of last year. According to the IDC Worldwide Quarterly Mobile Phone Tracker, 67.1 million smartphones shipped in China in 3Q23. The drop in shipments is attributed to economic uncertainty and increased price sensitivity […]
China’s car sales are expected to jump by more than 20 per cent in November, the China Passenger Car Association (CPCA) said on Wednesday, citing increased confidence among carmakers striving to deliver annual sales goals in the world’s top auto market. Car sales totalled 2.05 million units in October, up 9.9 per cent from a […]
Taiwanese chipmaker Foxconn has registered strong year-end holiday sales and said customers were buying well in China and the United States. The company’s sales stood positive for the same season last year. The fourth quarter is traditionally the busiest season for Foxconn as the race is to supply smartphones, tablets and other electronics to major […]
The talks between India and Canada for a free trade agreement are on a pause as the latter stopped discussions due to some misconceptions, Union Minister Piyush Goyal said in one of the leadership summits organised by a leading media company. “There are some misconceptions among some Canadian politicians, which are baseless,” said Goyal at […]
