Adidas warns of higher costs from US tariffs, confirms outlook

Adidas maintains its financial outlook for 2025. However, the sportswear giant expects rising import tariffs in the United States to increase product costs. CEO Bjorn Gulden highlights the potential impact despite minimizing exports from China. Unexpectedly high levies on Southeast Asian countries add to the uncertainty. Cost increases may eventually lead to price hikes.

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Slump in Industrial production in Bangladesh amid growing gas crisis

As more gas is being diverted to generate power during summer, gas pressure has plunged in Bangladesh’s industrial zones—at times to zero—crippling production.
Despite two steep price hikes in the last two years, factory owners say availability has only worsened, with no signs of improvement.
A few hundred textile factories reliant on gas are now operating at a fraction of their capacity.

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Gold declines as trade war concerns ease, US data in focus

Gold prices declined as easing trade tensions between the U.S. and its partners diminished its safe-haven appeal. Investors are closely watching upcoming U.S. economic data releases to gauge the Federal Reserve’s future policy decisions. Despite short-term fluctuations, long-term factors like central bank diversification may support gold’s upward trend.

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Jewellery brand GIVA opens 200th store in Bengaluru, targets 700 stores across 60 cities

GIVA jewellery inaugurated its 200th store in Bengaluru. Karisma Kapoor launched the store at Forum South Mall. The brand started its first outlet in Bengaluru in 2022. GIVA focuses on silver, gold, and lab-grown diamond jewellery. Ishendra Agarwal shared plans to expand to 700 stores in 60 cities in three years. Anushka Sharma is the brand ambassador.

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Bangladesh plans 2 new exclusive economic zones for Chinese investors

Bangladesh is planning to set up two additional economic zones exclusively for Chinese investors, apart from the existing Chinese Economic and Industrial Zone in Anwara, Chattogram.
State-owned Power Construction Corporation of China Ltd will develop the Chandpur Economic Zone-1.
The second, the Bhola Eco-Development Economic Zone will be developed by China’s Leez Fashion Industries Limited.

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Shein hikes US prices as much as 377% ahead of tariff increases

Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price. For home and kitchen products and toys, the average jump was more than 30%, led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%.

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