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21.09.26 - 04:06
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As Chinese consumption of gold jewellery slumps 34%, sellers look to markets abroad: WGC (SCMP)
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Chinese gold jewellers are seeking opportunities in the Middle East and India with their advanced crafting technologies, as the industry struggles amid gold price volatility, the World Gold Council (WGC) says.
At the most recent Jewellery & Gem World Hong Kong fair, buyers from the two regions accounted for most of the visitors, said Wang Lixin, China CEO of the WGC, the international association for the gold industry, in a recent interview with the South China Morning Post.
The interest was......
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19.09.26 - 16:36
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US fashion CEO resigns after physically restraining animal rights activists (The Guardian)
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Steven Kolb of the Council of Fashion Designers of America was filmed during an altercation at New York fashion weekThe chief executive of the Council of Fashion Designers of America, Steven Kolb, has resigned after he was filmed physically restraining two animal rights activists during an altercation at New York fashion week.“After 20 years leading the CFDA, I have made the difficult decision to step down as CEO and president,” Kolb said in a statement. “I am enormously proud of what we have built together and believe this is the right moment for both me and the organisation to begin a new chapter.” Continue reading......
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19.09.26 - 14:24
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Russia Seizes Assets Of Swiss Food Giant Nestle (ZeroHedge)
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Russia Seizes Assets Of Swiss Food Giant Nestle
Russian authorities seized the remaining businesses and assets of Swiss food giant Nestle and three French groups, the latest move against Western firms in response to sanctions against Moscow.
A decree signed by President Vladimir Putin issued late Thursday transferred the Russian operations of Nestle, French retailer Auchan and the former Leroy Merlin DIY chain, now known as Lemana Pro, to a company called LEV Management. The decree also covers the Russian subsidiaries of French logistics group FM Logistic, France24 reported.
Investigative outlet Novaya Gazeta Europe reported that LEV Management was created only at the end of 2025, and is headed by a Russian interior ministry general. It had no known business activity.
Most Western companies quickly sold their Russian operations and holdings after the Ukraine invasion, or at least isolated them, as sanctions have made trading in most goods difficult.
Russia has since made it difficult for ...
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