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China, Swatch and Omega SA
Swatch — the parent of Longines, Omega, and Tissot — is seeing sales slump, and it's because of China
Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
Swatch posts steep drop in sales and profit as China struggles
Swatch Group's sales and profit fell during 2024, the Swiss watchmaker said on Thursday, as improvements in the United States and Japan failed to offset a steep downturn in China. The maker of Omega,
Swatch Group Profits Slump 75% in 2024, Dragged Down by China
Skittish Chinese consumers at home or abroad dragged down the Swatch Group: The Swiss company’s 2024 net income dropped 75 percent to 219 million Swiss francs, or $242 million at current exchange rates.
1h
Origin unknown: why the Covid China lab leak theory still matters
Beijing has never fully co-operated with international investigators, impeding the search for a definitive answer. But ...
2h
China offers condolences over Washington air disaster
China offered deep condolences over the Washington air disaster, the country's Ministry of Foreign Affairs said in a post on ...
The Economist
14h
Is Cambodia slipping out of China’s orbit?
But all is not well between China and Cambodia these days. China made no new loans to Cambodia last year. It has been ...
1d
on MSN
After talking tough during campaign, Trump appears to ease up on China at start of presidency
On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods ...
5h
on MSN
Lawmakers urge Trump to consider new curbs on Nvidia chips used by China's DeepSeek
WASHINGTON (Reuters) -Two members of U.S. Congress are calling on President Donald Trump's administration to consider ...
5h
on MSN
Cook points to 'fiscal stimulus' after Apple suffers steepest China sales decline in a year
When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual ...
2d
China’s influence on Panama Canal poses ‘acute risks to US national security,’ Sen. Cruz warns
China's influence on the Panama Canal is a major risk to U.S. national security, Sen. Ted Cruz told lawmakers during a Senate ...
7h
China passes on US soybeans despite Brazilian delays -Braun
Brazil’s slow soybean harvest means that supplies are not reaching buyers as quickly as they might have hoped.
7h
on MSN
Rubio says Trump’s interest in Greenland and Panama Canal is legit and driven by China concerns
Secretary of State Marco Rubio says President Donald Trump’s desire to acquire Greenland and retake control of the Panama ...
2d
on MSN
China and India agree to resume direct commercial flights for first time in five years
China and India have agreed to resume direct commercial flights, in the latest sign of an easing of tensions between the ...
7h
Why The China Bubble Still Hasn’t Popped
When Bloomberg Economics Chief Economist Tom Orlik published China: The Bubble That Never Pops (Oxford University Press) in ...
2d
on MSN
China Built Out Record Amount of Wind and Solar Power in 2024
China raced ahead building renewable energy last year, installing more wind and solar power than ever before and continuing ...
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