Bagir warns on profits, optimistic despite production delays

The company said the development would help it fulfil larger volume orders and that it has “moved forward” but is behind the original timetable, “which has hurt the company’s ability to secure these orders.”A few months ago, the Israeli company, which is listed on the London Stock Exchange, had reported that it swung back into profit last year, repaid all its borrowings and cut costs.

And on Tuesday it added that it has continued to implement its restructuring programme but the delay on the production front means it now expects revenue and profit for the second half of this financial year to be “materially lower than market expectations.”That’s no surprise looking at the revenue figures for the first half. H1 revenues dropped to $28 million from $33.5 million a year …

Australian regulator rejects Google’s undertaking to ease competition concerns on Fitbit deal

 The development comes as Google remains at loggerheads with the Australian government over a number of issues, including proposed laws that will make Australia the first country in the world to force Google and Facebook to pay for news sourced from local media outlets.The Australian Competition and Consumer Commission (ACCC) voiced concerns in June over the deal, warning Google’s acquisition would give it too much of people’s data, potentially hurting competition in health and online advertising markets.

Google had sought to address those concerns by offering a court enforceable undertaking that it would behave in certain ways toward rival wearable manufacturers, not use health data for advertising and, in some circumstances, allow competing businesses access to health and fitne…

Accenture to partner with New Your Fashion Tech Lab for 2018 program

 Founded in 2014 by Springboard Enterprises, the NYFTL focuses on women-led emerging tech companies that have developed innovations in fashion, retail and technologyคำพูดจาก สล็อตเว็บตรง. The 2017 tech lab included nine companies, including CameraIQ, a camera technology program that utilizes mobile camera and AR technology, and Obsess, a VR platform for experiential shopping. “We are thrilled to play a critical role in helping the New York Fashion Tech Lab unite fashion tech start-ups and retailers,” said Jill Standish, a senior managing director at Accenture who leads the company’s Retail industry practice globally. “With retailers and brands increasingly disrup…

China Q1 GDP tops forecast, but March weakness raises outlook risks

The biggest near-term challenge for Beijing is the tough new coronavirus rules at a time of heightened geopolitical risks, which have intensified supply and commodity cost pressures, leaving Chinese authorities walking a tight rope as they try to stimulate growth without endangering price stability.Gross domestic product (GDP) expanded by 4.8% in the first quarter from a year earlier, data from the National Bureau of Statistics showed on Monday, beating analysts’ expectations for a 4.4% gain and picking up from 4.0% in the fourth quarter.

A surprisingly strong start in the first two months of the year improved the headline figures, with GDP up 1.3% in January-March in quarter-on-quarter terms, compared with expectations for a 0.6% rise and a revised 1.5% gain in the previous quart…

For Kering, a Swiss follow-up to the Italian tax investigation

On January 25, the Kering group issued a first statement on the matter. It indicated that the Italian investigation concluded that the amount of tax involved was estimated at about €1.4 billion. In mid-February, François-Henri Pinault, speaking at the presentation of the group’s annual results, said that “the investigation is over, its findings have been communicatedคำพูดจาก สล็อตเว็บตรง. Now comes the phase in which we will be presenting our own arguments. We have some arguments to put forward.” Pinault is notably relying on the fact that Gucci “has an operational structure which has been in place since the end of the 1990s.”The Italian investigation followed a…

Cotton prices to increase until 2021-22

Cotton prices, as measured by the Cotlook A index, averaged 78 cents a pound this season, on an August-to-July basis. Abares forecast this price to average 80.4 cents a pound in 2017-18, and gradually rising to 88.0 cents a pound in 2021-22.This also implies that the cotton price is likely to fall in the short-term as the Cotlook A index currently stands at around 87 cents a pound.

The demand for cotton will keep on rising despite favourable returns to growersคำพูดจาก สล็อตเว็บตรง. Global cotton consumption will, after a 7 per cent jump next season, rise by 2.4 per cent a year, spurred by “an expected rise in demand for clothing and textiles in Europe, the US, …

LVMH seeks 25,000 young staff in recruitment drive

The European luxury sector has seen a fast pace of growth in recent months, as stores reopened following lockdown periods and consumers drew on money saved during periods of confinement to splash out on pricey goods.LVMH has more than recovered business lost to pandemic disruptions. In July, it reported first half sales grew 11 percent on an organic basis compared to the same period in 2019, before the crisis hit, fuelled by demand for clothing and accessories from its star fashion labels Louis Vuitton and Dior.

The company’s focus on recruiting younger staff comes as it seeks to bolster the popularity of its brands with younger consumers, weaving streetwear styles like cargo pants and sneakers into its luxury fashion collections.The hiring target for the upcoming year marks an …

Liu Jo sues Kendall Jenner over alleged breach of modelling contract

The complaint, lodged late on Monday in US District Court in Manhattan, states that Jenner only took part in the first of two planned photoshoots but never turned up for the second one, which had originally been due to take place in March 2020 but was delayed because of the coronavirus pandemic.Liu Jo is seeking at least $1.8 million in damages, according to the complaint.คำพูดจาก สล็อตเว็บตรง

Liu Jo, which the complaint says has already paid $1.35 million to Jenner for services covered by the 2019 contract, said it tried to reschedule the second photoshoot multiple times but obtained no response from Jennerคำพูดจาก

Post-Brexit, India to seek PTA with Britain

“Garment export from India to European countries attracts 9.6 per cent duty, making our shipments uncompetitive in comparison with Bangladesh, Vietnam, Myanmar and Cambodiaคำพูดจาก สล็อตเว็บตรง. These countries have signed PTAs under which they export garments to the entire EU at nil duty. This is the right time to step up our efforts with the United Kingdom for a PTA. The ministry is looking into it,” Textiles Secretary Rashmi Verma told reporters in Mumbai.India’s textile export was estimated at $38 billion in 2015-16, a fourth to Europe. The UK imported $2.5 billion, a fourth of the EU consignmentsคำพูดจาก

Rihanna sues dad to keep hands off her Fenty trademark

The “Diamonds” singer, whose full name is Robyn Rihanna Fenty, filed a lawsuit in U.S. federal court in Los Angeles on Tuesday accusing Ronald Fenty and two business partners of fraud and false advertising over his Fenty Entertainment talent and production company.Barbados-born Rihanna, who uses the Fenty trademark to sell cosmetics, lingerie and sneakers, asked the court for an injunction to stop her father using the Fenty name, and an unspecified amount of damages.

The lawsuit said Rihanna had “absolutely no affiliation” with Fenty Entertainment and yet the company was misappropriating her name and misrepresenting itself as being affiliated with her.In one instance, Fenty Entertainment accepted a 2017 offer by a third party for Rihanna to perform 15 shows in Latin Americ…