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Ralph Lauren warns coronavirus could cut sales by $70m

2020-02-14 10:49:00| Daily apparel & textile news and comment - from just-style.com

Fashion company Ralph Lauren Corporation expects to take a hit of up to US$70m on its fourth-quarter sales due to the coronavirus outbreak - and has warned of supply chain disruptions in China on a "small portion" of the company's orders globally.

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Report: Coronavirus To Cut Oil Demand Growth By 25% This Year

2020-02-11 22:00:00| OGI

Rystad Energy now predicts global oil demand will grow by 820,000 bbl/d in 2020, down from a December forecast of 1.1 million bbl/d.

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US and China confirm 'Phase One' tariff cut details

2020-02-06 14:39:00| Daily apparel & textile news and comment - from just-style.com

US Customs and Border Protection (CBP) has confirmed that Tranche 4 tariffs on goods imported from China will be cut in half from 14 February, while China has confirmed it is also halving duties on some US imports.

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Partnership Advances Satellite Mission To Cut Oil Industry Emissions

2020-01-30 21:06:25| OGI

The Environmental Defense Funds MethaneSAT aims to launch a methane-detecting satellite within two years, aiming to cut such emissions from oil and gas facilities 45% by 2025.

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Will the Bank of England cut interest rates?

2020-01-29 01:02:17| BBC News | Business | UK Edition

Some think the Bank's Monetary Policy Committee will seek a cut on Thursday to help lift the economy.

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