It’s worse than the Great Recession for US retailers

The rating agency has 19 names in its retail and apparel portfolio now trading at Caa/Ca. “Moody’s-rated US retailers rated Caa or Ca today make up just over 13 percent of our total rated retail portfolio, which is the highest level since the Great Recession, when this group comprised 16 percent of the portfolio,” says Moody’s Vice President Charlie O’Shea, in a news statement. “And the increase comes at the same time as the broader universe of Caa rated companies is likewise growing.”  คำพูดจาก สล็อตเว็บตรง

In terms of debt, the 19 Caa/Ca companies in the agency’s retail portfolio owe roughly $5 billion in debt through 2021, with about 40 percent of this due by th…

How major fashion brands could be contributing to Amazon deforestation

LVMH, Prada, H&M, Zara, Adidas, Nike, New Balance, UGG..คำพูดจาก สล็อตเว็บตรง. The unfortunate common point between these brands? Their potential role in deforestation in the Amazon. A number of major fashion brands could indeed be contributing to the destruction of the Amazon rainforest because of their links with tanneries and other companies involved in leather production.So suggests a study by the NGO Stand.earth, which found that more than 50 fashion brands sold around the world have multiple ties to JBS, the largest Brazilian leather exporter, known for its impact on Amazon deforestation.คำพูดจาก

EU unfair practices digital rules put spotlight on Amazon, Google

The platform-to-business (P2B) law, proposed by the European Commission in April last year, is the latest move by Europe to rein in online giants and ensure they treat smaller rivals and users fairly.Lawmakers at the European Parliament gave the green light to the new laws on Wednesday, which will have to be rubber stamped by the European Council in the coming months before they take effect. Negotiators from all three bodies reached a political deal in February.คำพูดจาก ทดลองใช้ สูตรสล็อต

The new rules, which will cover 7,000 online companies, target e-commerce market places, app stores, social media and price comparison tools.Google’s three products Play, Shopping and Search, …

Korean cosmetics firm in hot water over video praising Japan in trade row

Shares in Kolmar Korea, whose clients include Unilever, fell 6.2% on Friday after a storm of online protest over the video, which the firm said later had been intended as training for employees on how not to react too emotionally to issues.The two countries are locked in bitter trade and diplomatic rows over a South Korean court ruling late last year that ordered Japanese firms to compensate forced labourers during Japan’s occupation.

Japan warned on Thursday it could broaden export restrictions to South Korea beyond three chipmaking materials put under export control last month.During staff meetings this week, Kolmar Korea chairman Yoon Dong-han played a YouTube video that criticised South Korean President Moon Jae-in and praised Japan’s Prime Minister Shinzo Abe, according to So…

Rolling Stones want to exit Shein deal over labour abuse claims

After news of the launch of the collection, British newspaper ‘i’ contacted the band to alert it to allegations of labour abuse in the firm’s supply chain.A Channel 4 documentary called Untold: Inside the Shein Machine had earlier claimed garment makers in factories supplying the brand were working extremely long hours for a pittance.คำพูดจาก สล็อตเว็บตรง

The Shein x Rolling Stones deal was negotiated by Universal Music Group’s Bravado International Group Merchandising Services unit.Meanwhile, after being alerted to the issue, late on Monday, a spokesperson for The Rolling Stones was quoted by the newspaper saying: “We would like to thank 

Lycra opens R&D centre in China to help boost Asian demand

Fully equipped with knitting, weaving, dyeing and finishing machinery, the centre has been created to help mills, brands and retailers throughout Asia create innovative fabrics and garments using Lycra’s textile solutions, which include Lycra fibre, Lycra HyFit fibre, Coolmax fibre and Thermolite fibre.Scientists at the Advanced Textile Innovation Center will also work with customers to find new opportunities and develop new polymer, fibre and textile technologies, the company said.

“Developing groundbreaking innovations and creating new garment categories are part of our company’s heritage and critical to our success going forward,” said Bob Kirkwood, chief technology officer.The renewed Asian focus comes after Lycra was acquired by China’s Shandong Ruyi in February. Bu…

Rise of fast-fashion Shein, Temu roils global air cargo industry

Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently began online shopping in the U.S., ship the majority of their products directly from factories in China to shoppers by air in individually addressed packages.And their growing popularity – Shein and Temu together send almost 600,000 packages to the United States every day, according to a June 2023 report by the U.S. Congress – is boosting air-freight costs from Asian hubs like Guangzhou and Hong Kong, making off-peak seasons almost disappear and causing capacity shortages, the sources said.

“The biggest trend impacting air freight right now is not the Red Sea, it’s Chinese e-commerce companies like Shein or Temu,” said Basile Ricard, director of Greater China operations at freight forwarder Bollore Logistics.Accor…

Thai snails kept ‘happy’ and healthy for their cosmetic slime

At a farm in Nakhon Nayok province, a two-hour drive north-east of Bangkok, Tawatchai Maneemart tends to some 3,000 snails.He lets them roam freely in a 21-square-metre (226 sq ft) enclosure that mimics their natural habitat, and feeds them with organic cucumbers and green leafy vegetables.

These snails, about three inches long, are bred by farmers for their mucus, made popular in large part by a South Korean beauty trend that uses the filtered slime in face serums and moisturisers.“If we nurture them well and keep them happy by providing them with a pleasant habitat and good food, they will be healthy,” said Tawatchai, explaining that healthier snails bred in a stress-free environment are more likely to produce high-quality mucus.Advocates of the snail cream say the mucus is …

Thailand proposes to tax foreign internet companies

Last month, Indonesia passed a law requiring big internet companies to pay VAT on sales of digital products and services from July, and in the Philippines a lawmaker introduced a similar bill in parliament to tax digital services.The Thai bill, which still has to be voted on by Thailand’s parliament, requires non-resident companies or platforms that earn more than 1.8 million baht ($57,434.59) per year from providing digital services in the country to pay a 7% VAT on sales, deputy government spokeswoman Ratchada Thanadirek told reporters.คำพูดจาก สล็อต666

Thailand is expected to add about 3 billion baht ($95.72 million) to its coffers annually from the move, which will affect services…