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By Bloomberg Published August 13, 2025 Asics Corp. shares jumped as much as 18% after raising its full-year forecast, predicting record earnings and bringing forward mid-term targets by a year. A ‘Red’ store by Onitsuka Tiger – DR The Onitsuka Tiger-owner now expects operating profit to reach ¥136 billion ($919 million) this year, according to […]

Published August 13, 2025 In the middle of an ongoing cost-of-living crisis combined a heatwave, you’d expect people to be buying plenty of budget products and definitely things like summer sandals and sports shoes, right? Shoezone Well, perhaps not. Value-focused footwear and accessories retailer Shoe Zone released a profit warning on 13 August saying that

By Bloomberg Published August 13, 2025 With two weeks to avoid US President Donald Trump’s punitive 50% tariffs, Prime Minister Narendra Modi has drawn a red line. India, he says, “will never compromise on the interests of its farmers, livestock producers, and fisherfolk.” Indian cotton farmers could be significantly affected by high US tariffs – Myagrilife-

By Reuters Published August 12, 2025 The Swiss government would not object to tennis legend Roger Federer or FIFA President Gianni Infantino intervening to reduce the country’s tariff burden after the US slapped a 39% import duty on its goods, President Karin Keller-Sutter said. Switzerland is looking for a solution to its high tariffs Some

By Reuters Published August 12, 2025 De Beers‘ joint venture in Angola has discovered a new kimberlite field, the most common source of mined diamonds, it said on Tuesday, its first such discovery in three decades. De Beers specialises in natural diamonds The Anglo American unit is jointly exploring for diamonds in Angola in partnership

By Reuters Published August 12, 2025 FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa, posted a quarterly profit on Tuesday that more than doubled, benefiting from new brand tie-ups and steady demand for makeup and skincare. Nykaa announced in June that it could break even in four years – Nykaa- Facebook The

Published August 12, 2025 FatFace is to shutter all 23 US stores as the Next-owned fashion and lifestyle retailer adopts a digital-only sales approach in North America while moving its growth focus to the UK and new markets. FatFace Rising costs and economic uncertainty had made the current omnichannel model unviable, according to reports. The

By Bloomberg Published August 12, 2025 Singapore is set to sell an eye-watering variety of luxury items confiscated from money launderers who were convicted in the country’s biggest laundering case. Singapore will sell an array of luxury items confiscated from money launderers – Shotheby’s The local unit of consulting firm Deloitte has been appointed to

By Reuters Published August 12, 2025 Russia’s sanctions-hit diamond producer Alrosa reported a 25% fall in first-half revenue on Tuesday, warning that geopolitics and macroeconomic uncertainties were weighing on demand as high interest rates, inflation and taxes exert pressure on profits. Alrosa is a diamond business with trade across the globe Group of Seven countries

By Bloomberg Published August 12, 2025 On Holding AG lifted its sales and earnings forecasts for the year after an unexpectedly strong second quarter that saw buyers in Europe and Asia snap up the Swiss sneaker maker’s high-priced footwear. Tennis player Roger Federer backs On – On The Roger Federer-backed company now sees revenue growing