Economy



Shifting Global Perceptions: China's Economic Influence Viewed Through Differing Lenses

The world's perception of China's economic influence is a complex and nuanced landscape, as revealed by a recent survey conducted by the Pew Research Center. The study, which polled 44,166 people across 35 countries spanning six continents, paints a fascinating picture of how China's economic......

Unveiling the Seamy Side of Fashion: Milan Investigation Exposes Labor Woes in Luxury Goods Production

In a shocking revelation that threatens to tarnish the glittering reputation of Milan's fashion industry, Italian authorities have uncovered widespread exploitation of workers in the production of high-end handbags and leather goods. The investigation, spearheaded by Milan prosecutors, has laid bare......

Nike Stumbles as Revival Path Remains Uneven Amid Sales Decline Forecast

In a candid assessment, the athletic apparel titan Nike has braced investors for a turbulent journey ahead, forecasting a 10% sales decline in its current quarter as it grapples with an intricate tapestry of challenges spanning sluggish consumer trends, a faltering Chinese market, and the arduous task......

Volkswagen Selects Morocco as Key Hub for EV Battery Production

In a strategic move aimed at bolstering Europe's electric vehicle (EV) industry, Volkswagen has identified Morocco as a pivotal center for battery production. This decision underscores the pressing need to address the supply chain gaps that have hindered Europe's efforts to establish a robust......

Adidas Investigates Bribery Allegations in China: A Deep Dive into Compliance Breaches

Adidas has launched an intensive investigation into its Chinese operations following the receipt of an anonymous letter alleging significant compliance violations, according to a report by the Financial Times on Sunday. On June 7, the German sportswear company received a detailed whistleblower complaint......

China Partners with Morocco to Establish Pivotal Electric Battery Hub

In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......

Sparking Synergies: Asian Powerhouses Ignite Africa's Startup Explosion

Amidst the vibrant pulse of Marrakech, the second day of GITEX Africa 2024 saw a gathering of forward-thinking minds, united in their mission to propel Africa's burgeoning startup ecosystem to unprecedented heights. The 10X Stage, charged with anticipation, served as the arena for a symphony of insights......

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