United States news and archive

US-EU Ttade agreement reached, aims for stability amidst uncertainty

Madrid – After months of intensive negotiations, representatives from the United States government and the European Union have successfully concluded a new trade and tariff agreement. European Commission President Ursula von der Leyen hailed the pact, stating it "creates certainty in uncertain times" and offers "stability and predictability for...

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Business

Growth of Chinese economy slowed in april

The growth of the Chinese economy in April did not meet analysts' expectations. Retail sales growth and production growth in the country were lower than previously expected, according to Reuters and AP News. A major reason cited was the increase in import duties between the US and China since the beginning of April. Retail sales growth amounted...

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Business

Hermès to increase prices in US to offset 10 percent tariff

Paris - French luxury group Hermès is set to increase its prices in May in the US to offset the 10 percent tariff. The company also reported an 8.5 percent increase in turnover in the first quarter of 2025. Hermès, which on Tuesday ousted its rival LVMH as the leading French stock market capitalisation, will “fully offset” the impact of the 10...

Retail

US retail sales pick up pace in September

Washington - Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches. Overall sales rose 0.4 percent to 714.4 billion dollars (549.8 billion pounds) between August and September, according to Commerce Department data, beating analysts'...

Retail

Sunspel continues US retail push with new store opening in Los Angeles

British luxury brand Sunspel is continuing its retail expansion in the US with a new store opening in sunny Los Angeles. Located at 3312 Sunset Boulevard in Silver Lake, the latest store opening sees the brand build on the success of its first West Coast store, which opened in November 2023 in Marin Country Mart, north of San Francisco. Marking...

Fashion

First edition of the Pierre Cardin Young Designers Contest announces US winner

Fashion design student HyeRin Lee from the Fashion Institute of Design and Merchandising (FIDM) in California has been named the winner of the US edition of the annual Pierre Cardin Young Designers Contest 2022. The young fashion designer who was born and raised in Seoul, South Korea, wins a fully paid three-month apprenticeship which includes...