United States news and archive

Australian brand Petal & Pup debuts new brand identity amidst global push

Australian women’s apparel brand Petal & Pup has officially launched its new, evolved brand identity as it aims to strengthen its global growth opportunities. Founded in Queensland, Australia, in 2014, the online brand is known for its feminine styles that are designed for all of life’s occasions. The new brand identity, which debuted in a...

Culture

French luxury responds to Trump tariffs with cultural diplomacy

Facing a new era of trade tensions and tariffs under the Trump administration, the French luxury sector is leaning into its role as a “catalyst for cultural diplomacy.” Leading the charge is Comité Colbert, which has unveiled a strategic new exhibition in New York titled “Hidden Treasures: 250 Years of Franco-American Luxury Stories”. The...

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Business|REPORT

Vestiaire Collective eyes profitability in 2026 ahead of US expansion push

Vestiaire Collective is reportedly set to achieve its first annual profit this year, as it prepares to expand across the United States. The news comes after Vestiaire Collection saw its valuation decline to approximately 1.1 billion euros in 2024 from a 1.4 billion euro peak in 2021. However, since then, the online luxury resell platform has...

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Business

US President Donald Trump suspends Greenland tariffs

MADRID – Amid the volatile and unpredictable trade strategy defining the current U.S. administration, President Donald J. Trump has announced the suspension of the so-called “Greenland tariffs.” The decision was shared late Wednesday afternoon, following the President's address at the 2026 World Economic Forum in Davos. Utilizing his social...

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Business

Swiss watchmakers halt US shipments awaiting lower tariffs

Zurich, Switzerland – Swiss watch exports to the US plummeted again in November, as manufacturers delayed shipments in anticipation of a tariff reduction to 15 percent. According to data from the watchmaking federation published on Thursday, exports to the US fell by 52.3 percent in November. This follows declines of 46.8 percent in October,...

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Business

Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

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Retail

Inditex expands US presence with new Zara store in Las Vegas

Madrid – Just over two and a half years have passed since Inditex first mentioned its development strategies for Las Vegas. The Spanish fashion multinational has now announced the opening of a new Zara flagship store in the city popularly known as 'Sin City'. The establishment has already opened its doors in the iconic Caesars Palace hotel. The...

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Business

US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...

Fashion

Fashion takes centre stage in latest meeting between Trump and Zelenskyy

Madrid – During a meeting at the White House on Monday, August 18, 2025, between Ukrainian President Volodymyr Zelenskyy and U.S. President Donald J. Trump, fashion once again served as a tool of political communication. As the two leaders met to negotiate an end to the war between Russia and Ukraine, Zelenskyy's attire became a key topic of...

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Business

US-EU Ttade agreement reached, aims for stability amidst uncertainty

Madrid – After months of intensive negotiations, representatives from the United States government and the European Union have successfully concluded a new trade and tariff agreement. European Commission President Ursula von der Leyen hailed the pact, stating it "creates certainty in uncertain times" and offers "stability and predictability for...

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Business

Growth of Chinese economy slowed in april

The growth of the Chinese economy in April did not meet analysts' expectations. Retail sales growth and production growth in the country were lower than previously expected, according to Reuters and AP News. A major reason cited was the increase in import duties between the US and China since the beginning of April. Retail sales growth amounted...

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Business

Hermès to increase prices in US to offset 10 percent tariff

Paris - French luxury group Hermès is set to increase its prices in May in the US to offset the 10 percent tariff. The company also reported an 8.5 percent increase in turnover in the first quarter of 2025. Hermès, which on Tuesday ousted its rival LVMH as the leading French stock market capitalisation, will “fully offset” the impact of the 10...