John Zarocostas

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Few shoppers are seen inside a shopping mall amid a new virus outbreak in New Delhi, India, . For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illnessVirus Outbreak, New Delhi, India - 17 Mar 2020

Retail

232 Million Retailers, Wholesalers Imperiled by Pandemic, ILO Says

The retail and wholesale sector has been the hardest hit globally, according to the International Labour Organization.

clock April 29, 2020John Zarocostas

Garment factory

Government and Trade

COVID-19 Crisis Triggering Huge Losses in Textile, Apparel Sector

Quarantine measures and factory and retail store closures have significantly suppressed consumer demand, leading to sharp cutbacks in orders.

 

clock April 21, 2020John Zarocostas

A container ships sails in the East Lamma Channel on his way to Hong Kong in Hong Kong, 11 July 2018. According to reports, Hong Kong's finance minister Paul Chan said the short-term impact on the city of China's escalating trade war with the United States would be limited to a dip in growth of just 0.1 or 0.2 of a percentage point. According to reports, US President Donald Trump announced on 10 July that US is preparing to impose 10 percent tariffs worth 200 billion US dollars on imported goods from China.A container ships sails the East lamma Channel, Hong Kong, China - 11 Jul 2018

Government and Trade

WTO Warns Apparel Trade to Plummet in 2020

The World Trade Organization said overall global trade could drop between 13 and 32 percent due to the crisis.

clock April 8, 2020John Zarocostas

Legal

L’Oréal Tops Trademark Applications

Shiseido, Abercrombie & Fitch Europe and Louis Vuitton were second, third and fourth, respectively, in the number of trademark applications made last year, a study found.

clock April 7, 2020John Zarocostas

Tedros Adhanom Ghebreyesus, director general of the World Health Organization, informs the media about updates regarding the novel coronavirus during a new press conference at WHO headquarters in Geneva, Switzerland, March 9, 2020. World Health Organization (WHO) press conference on coronavirus,m COVID-19, Geneva, Switzerland - 09 Mar 2020

Government and Trade

Global FDI Seen Plummeting by Up to 40 Percent

The demand shock will be the biggest factor pushing down investment in all sectors, including services, as earnings plummet.

clock March 26, 2020John Zarocostas

Clothes stores employment

Government and Trade

25 Million Jobs Under Threat From Pandemic, ILO Says

The retail, travel and tourism sectors are seen as especially vulnerable to job losses as a result of the crisis.

clock March 18, 2020John Zarocostas

A Chinese factory worker in Hohhot, Inner Mongolia province.

Markets

Global Textile, Apparel Sector Seen Taking $1.5B Hit From Coronavirus

A U.N. report estimated that the total impact on exports in global value chains from the virus will be up to $50 billion.

clock March 4, 2020John Zarocostas

Pedestrians wait to cross a traffic intersection at the Central Business District in Beijing, . China's 2018 trade surplus with the United States surged to a record $323.3 billion but exports contracted in December as the delayed impact of President Donald Trump's tariff hikes started to depress demand. Global exports shrank 4.5 percent in December, reflecting weak consumer demandTrade, Beijing, China - 14 Jan 2019

Government and Trade

China Exports Plunge After U.S. Tariffs

Shipments from China fell 25 percent in the first half of 2019, including a steep decline in textile and apparel exports.

clock November 5, 2019John Zarocostas

Trademark Applications

Government and Trade

Fashion Trademark Applications Leap, China Drives IP Activity

The increase in fashion applications worldwide stems from companies’ desire to protect their trademarks, officials at the World Intellectual Property Organization said.

clock October 15, 2019John Zarocostas

Burberry

Government and Trade

British Fashion Brands to Be Hit With Tariffs Later This Month

After being given the green light from the WTO, the U.S. will impose tariffs on $7.5 billion of European goods.

clock October 2, 2019Kathryn Hopkins

Street StyleStreet Style, Fall Winter 2019, Paris Fashion Week, France - 04 Mar 2019

Government and Trade

WTO Gives U.S. Green Light to Slap Tariffs on European Luxury Goods

A raft of luxe goods including handbags and suits could soon be hit with tariffs, leaving brands little choice but to raise prices.

clock October 2, 2019Kathryn Hopkins

Financial

U.S. to Remain in Global Postal Body

With a compromise deal reached, the U.S. gets a green light to increase rates beginning July 1, 2020.

clock September 25, 2019John Zarocostas

Government and Trade

WTO Chief Stresses Need to Ease Restrictive Trade Measures

Roberto Azevedo will urge G20 leaders at the Osaka summit to take action to ease trade tensions and says a meeting between Trump and Xi Jinping would be a welcome sign.

clock June 20, 2019John Zarocostas

Government and Trade

Senior Chinese Official Signals Sino-U.S. Deal Possible

But only if limited to the trade conflict, and not if there are moves to suppress and contain China’s further development.

clock June 13, 2019John Zarocostas

Government and Trade

U.N. Report: Investors’ Sustainability Demands Spur Growth in Eco-Friendly Manufacturing

Special economic zones outside of China are seeing investments rise.

clock June 12, 2019John Zarocostas

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Essentialist

Today's Must Read

A shopper waits for the doors to open at the Galeries Lafayette flagship on Boulevard Haussmann in Paris.

Business

Galeries Lafayette Reopens Boulevard Haussmann Flagship

clock May 30, 2020Joelle Diderich

Social Studies