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Share to Twitter Share to Linkedin Bosideng, China’s top home-grown down jacket brand, said on Wednesday it overcame Covid and other global headwinds and reported gains in sales and profit for the 12 months ending March 31. Sales increased by 20% to 16.2 billion yuan, or $2.4 billion, helping to lift profit by 21% to approximately 2.06 billion yuan. Bosideng was upbeat about the outlook this year. “Currently, global consumption demand for apparel is recovering steadily,” it said. “Although we confronted numerous challenges from the epidemic and other various aspects in 2021, we still believe that from a long-term perspective, China’s economy will recover in an orderly manner in the post-epidemic era.” Bosideng is led by its colorful 70-year-old CEO Gao Dekang, who has a fortune worth $4.8 billion on the Forbes Real-Time Billionaires List. Itochu of Japan is an investor; rivals include Canada Goose. Bosideng’s Hong Kong-traded shares have fallen 16% in … [Read more...] about Canada Goose Rival Bosideng Reports Profit Gain, Sees Apparel Recovery

An IndiGo staffer called a distressed teen with disability a threat to other passengers. (Screengrab from video posted on Facebook by Manisha Gupta). It will not be long before the outrage dies down around the recent incident of private airlines IndiGo barring a specially-abled child from boarding a flight at the Ranchi airport, when things will go back to the usual, where most of us will continue to ignore and fail to acknowledge that everyday there are scores of people with disabilities who will continue to face indignity, humiliation and discrimination. The Ranchi incident, while shocking, is perhaps not far from the everyday reality that persons with disabilities (PwD) face every day in India. We must admit that we are not a country that supports the 26 million people living with either physical or learning disabilities. We have almost zero infrastructure that aids people with disabilities to help them face the stigma, discrimination and harassment that they tend to face on a … [Read more...] about Indigo case: Airlines should sensitise staff to assist special needs flyers better

Unprecedented forest fires in the drought-stricken western United States . Tropical storms and rising seas threatening the Gulf and Atlantic coasts. Sizzling heat across large swaths of the country. As climate change unfolds before our eyes, what can the U.S. do to sharply and rapidly reduce its share of the greenhouse gas emissions that are causing it? advertisement advertisement The Biden administration has committed to reducing those emissions 50% by 2030 to below 2005 levels. That’s a critical first step of a global energy transition that must achieve net-zero emissions by midcentury to limit warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) and thereby avert the worst impacts of climate change. Twenty years ago, I would have regarded the U.S. 2030 pledge as crazy talk. But a new study in the journal Science that I coauthored, compares results from six independent analyses conducted by academic, industry, and nongovernmental … [Read more...] about How we can meet Biden’s 2030 climate goals with today’s technology

MALAYSIA is trying to reduce its dependency on low-skilled foreign workers as it moves up the economic value chain. To reduce the number of foreign low-skilled workers, both the businesses and industries across all the economic sectors are asked to hire more locals and embrace automation with the aim of becoming a high-income nation. And interestingly they have been doing so, where local employees have become the first choice. Still, businesses and industries across all the economic sectors need low-skilled foreigners to fill up the many jobs available where the locals are reluctant to take on. Most of the jobs taken up by the foreign workers are low entry levels considered to be dirty, dangerous, and difficult or 3D – reasons as to why the locals shy away. Also, the locals are seeking a more balanced lifestyle, better paying jobs like work in the gig economy or going abroad for the same low entry level jobs. Today, the labour shortage issues have worsened, now estimated … [Read more...] about Worker shortage is the biggest challenge

- A + A KUALA LUMPUR (June 26): The property arm of OSK Group has lined up three property launches, with a total gross development value (GDV) of about RM750 million, this year, namely LEA by the Hills in Taman Melawati, Selangor; Rubica in Butterworth, Penang; and ANYA, the second phase of Shorea Park in Puchong, Selangor. The developer is tentatively planning to launch LEA by the Hills on July 2 and the other two in the third quarter. LEA by the Hills is a 2.9-acre leasehold condominium project which has a GDV of RM220 million and comprises 344 units in a 29-storey block. For Rubica, the development is the seventh phase of the group's RM869 million Harbour Place development in the northern state. Rubica is a 1.9-acre freehold development which has a GDV of RM136 million and will comprise 230 units of serviced apartments in a 35-storey block. At the 27.7-acre freehold Shorea Park, one of OSK Property's latest offerings, the developer has planned to launch ANYA … [Read more...] about OSK Property going full steam ahead

Share to Twitter Share to Linkedin It's going to be a busy summer travel season. And different. The summer travel advice from experts is different, too. Domestic travel volume will rise 16% over last year, with almost 75% of Americans planning to travel domestically for summer vacations, according to Allianz Partners' Top 10 Summer Destinations review . And travel to Europe will soar 600% over last year. ​​ "The floodgates have opened," says Valentina O'Kane, owner of Incognito Global Travel , an affiliate of Embark Beyond. "People are rushing to get out there again. The popular tourist destinations are overbooked, with little if any availability. They are going to be overcrowded and overpriced this summer." I just interviewed 200 top travel experts about what lies ahead for travel. Here's part one of my series , which outlines what to expect in the next three months. There are two important takeaways. Covid is far from over, so you may … [Read more...] about Expert Summer Travel Advice For Your Next Vacation

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × With his steadfast focus on R&D, PR Venketrama Raja has played a pivotal role in steering the Ramco Group, which has interests ranging from cement to IT services, and winning recognition for its products and services. PRV, as he is known in industry circles, established Ramco Systems with the goal of creating a world-class information technology company focused on enterprise applications and emerging technologies. For him, institution-building is far more important than playing the valuation game. Quiz him on his favourite company in the group and he says Ramco Cement , Ramco Systems and Rajapalayam Mills are equally important. In a free-wheeling interaction with Moneycontrol at the Ramco Systems office in Chennai, the Group Chairman opened up on a range of topics. Edited … [Read more...] about All our companies are equally important for us: Ramco Group’s Venketrama Raja

Share to Twitter Share to Linkedin The Oklahoma mogul spoke to Forbes about how he's protecting his investments ahead of the “near certainty” of a recession. With the S&P 500 entering a bear market last week , many of America’s billionaires are convinced that a recession is in the offing . George Kaiser , one of the wealthiest people in Oklahoma with an estimated $9.5 billion fortune, is one of them. Kaiser, 79, told Forbes that a “recession seems a near certainty” and that he expects the economy to tip into a downturn in the first two quarters of 2023, with a prolonged dip in the stock market. The timing of the market bottoming out—the point at which the stock market hits a low and begins rising again—is still far off, according to Kaiser. “Historic analogies would suggest a 35% total drop from the peak, but that history is largely irrelevant since so many of the factors are unique,” he said. Kaiser, who has appeared on the Forbes … [Read more...] about Oil And Banking Billionaire George Kaiser Says Market Bottom Is Still Far Off

In those first few fraught hours of February 24th, after Russian forces invaded Ukraine, Anastasiia Smyk, CEO and co-founder of aviation software startup Input Soft , recalls being in a state of shock and incredulity. She was in Kyiv at the time, but her 11-strong team was scattered around the country. advertisement advertisement “The first week we were just thinking about how to survive at a human level,” says the 25-year-old entrepreneur. “So we decided to rent a house for our team in the Carpathian mountains, in the [safer] western part of Ukraine, and told them they could go there with their families to wait until we knew more about what was happening. Some of them went. Others were unable to get out.” One of those left behind was the startup’s accountant, whose home town of Kherson, in southern Ukraine, has been under Russian occupation since early March. On May 3rd, when the internet and mobile communications went down, she decided to risk her … [Read more...] about The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Nazara Technologies We hosted Mr Manish Agarwal, CEO of Nazara Technologies for a NDR recently. Management indicated that Battle Grounds Mobile India (BGMI) Master Series IP which is to be telecast on … [Read more...] about Buy Nazara Technologies; target of Rs 1813: Prabhudas Lilladher