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Zara owner Inditex looks to US for next phase of growth

Zara owner Inditex looks to US for next phase of growth

By Helen Reid LONDON, Sept 11 (Reuters) - Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers.
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Inditex Expands U.S. Retail Footprint with New Zara, Massimo Dutti, and Bershka Stores

Inditex Expands U.S. Retail Footprint with New Zara, Massimo Dutti, and Bershka Stores

Inditex Expands U.S. Retail Footprint with New Zara, Massimo Dutti, and Bershka Stores
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Amnesty International Accuses Russia of Human Trafficking in Foreign Military Recruitment

Amnesty International Accuses Russia of Human Trafficking in Foreign Military Recruitment

Amnesty International has released a report alleging that Russia is engaging in human trafficking by coercing foreign nationals into its military. The organization states that Russia uses deception, blackmail, document confiscation, and threats of deportation to force migrants to fight in Ukraine. This finding is based on interviews with prisoners of war from over a dozen countries held in Ukrainian captivity, who described abuses during their recruitment into the Russian armed forces. Documented practices include contracts signed without informed consent, confiscated passports, restricted freedom of movement, inadequate training, and threats against those attempting to leave. Amnesty International asserts that these actions meet the criteria for human trafficking under the UN Palermo Protocol, which defines human trafficking as the recruitment, transport, or receipt of people through force, deception, or coercion for exploitation. Russia has ratified this protocol, which is the primary international legal...
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Brazil Eliminates Federal Import Tax on Small Overseas Parcels, Diverging from U.S. and EU Policies

Brazil Eliminates Federal Import Tax on Small Overseas Parcels, Diverging from U.S. and EU Policies

Brazil has eliminated its federal import tax on small overseas parcels, a move that contrasts sharply with recent efforts by the U.S. and the European Union to close similar tax loopholes. This decision, which effectively ends a 20% charge on orders up to US$50, was reversed by Brazilian President Luiz Inacio Lula da Silva, who had previously opposed the tax. The levy, known as 'taxa das blusinhas' or de minimis, primarily affected cheap clothing, phone cases, and household goods bought by lower-income consumers. The U.S. ended its US$800 de minimis exemption for goods from mainland China and Hong Kong in May last year, and then suspended it for all origins in August, leading to significant user losses for platforms like Shein and Temu in the U.S. and EU.
VarietyVariety
Le Havre Rendez-Vous Takeaways: Local Players Navigating Rough Waters, Public Broadcasters Still Buying, Animation Studios Adapting

Le Havre Rendez-Vous Takeaways: Local Players Navigating Rough Waters, Public Broadcasters Still Buying, Animation Studios Adapting

The dramatic drop in 2025 French TV export figures may have cast a shadow over this year’s Unifrance Rendez-Vous TV market in Le Havre. Yet, like the skies over the Normandy coast, the gloom proved fleeting. Local sellers, rather than disheartened, are already navigating the current challenges and discovering new opportunities in the process. Indeed, […]
ReutersReuters
BRICS adopts joint declaration, urges 'maximum restraint' in Mideast

BRICS adopts joint declaration, urges 'maximum restraint' in Mideast

By Sarita Chaganti Singh NEW DELHI, Sept 12 (Reuters) - The BRICS group of nations unanimously adopted a joint declaration on Saturday, expressing "deep concern" over the war in the Middle East and urged maximum restraint, advocating for a "multilateral approach" that respects national viewpoints.
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BRICS leaders gather in New Delhi as wars and rivalries strain the expanded bloc

BRICS leaders gather in New Delhi as wars and rivalries strain the expanded bloc

BRICS leaders are meeting in New Delhi this weekend as wars in Ukraine and the Middle East and U.S.-China tensions test the group's unity
ReutersReuters
BRICS agrees to joint declaration in test of unity despite Mideast tensions

BRICS agrees to joint declaration in test of unity despite Mideast tensions

By Sarita Chaganti Singh, Shivangi Acharya and Saurabh Sharma NEW DELHI, Sept 12 (Reuters) - The BRICS group of emerging economies has agreed on a joint declaration, sources told Reuters on Saturday, a significant diplomatic breakthrough as its leaders began summit talks in New Delhi, aiming to
ReutersReuters
Xi urges BRICS peace role in Middle East, courts Modi on India visit

Xi urges BRICS peace role in Middle East, courts Modi on India visit

BEIJING, Sept 12 (Reuters) - Chinese President Xi Jinping urged the BRICS bloc to be a peacemaker in the Middle East conflict, in an address to a summit of member countries in New Delhi on Saturday.
ReutersReuters
BRICS agrees on joint declaration before New Delhi summit, sources say

BRICS agrees on joint declaration before New Delhi summit, sources say

By Sarita Chaganti Singh, Shivangi Acharya and Saurabh Sharma NEW DELHI, Sept 12 (Reuters) - The BRICS group of emerging economies has agreed on a joint declaration, sources told Reuters on Saturday, hours before its leaders began a summit in New Delhi, aiming to boost the bloc's global clout.
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South Korean Business Leader Proposes US$6 Trillion Economic Bloc with Japan Amid Global Trade Shifts

South Korean Business Leader Proposes US$6 Trillion Economic Bloc with Japan Amid Global Trade Shifts

South Korean Business Leader Proposes US$6 Trillion Economic Bloc with Japan Amid Global Trade Shifts
TheStreetTheStreet
Ikea closes another key store after barely a year

Ikea closes another key store after barely a year

The retailer says this is about growth, not a retreat, as it shifts its strategy.