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 Group Profits Slump 75% in 2024, Dragged Down by China
PARIS - 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 ...
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 ...
Wall Street Journal15d
China Has a $1 Trillion Head Start in Any Tariff Fight
As he prepares for his second term, China’s dominance of global manufacturing is greater than ever. China just posted a trade surplus with the rest of the world of almost $1 trillion for 2024 ...
The New York Times18d
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion
China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars. By Keith Bradsher Keith Bradsher, who began covering ...
Cfr.org20d
China’s Growing Influence in Latin America
China’s role in Latin America and the Caribbean has grown rapidly since the turn of the century, promising economic opportunity but also raising concerns over Beijing’s influence. China’s ...
NDTV25d
As China Gets Another Covid-Like Scare, Beijing Calls It 'Winter Occurrence'
"Respiratory infections tend to peak during the winter season," China's foreign ministry said. As photos and videos emerge on social media showing hospitals in China swamped with people amid ...
alternativeswatch26d
CPP exits China venture, SVP buys Revelyst, PE backs Grant Thornton merger
CPP Investments sells China real estate stake to Dajia Insurance for C$235m The Canada Pension Plan Investment Board (CPP Investments) has agreed to sell its 49% interest in four China real estate ...
Bloomberg L.P.28d
A ‘Made in China’ Crisis Awaits Big Auto
Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. When ...
The Economist29d
China approves the world’s most expensive infrastructure project
On December 25th Xinhua, the state-run news agency, reported that China had approved plans to build the world’s largest hydroelectric dam on the lower reaches of the Yarlung Tsangpo, which flows ...
Indiatimes29d
China facing new Covid-like pandemic? Here's everything we know about it so far
China Virus Outbreak News: There is no confirmation from Chinese health officials or the WHO regarding any such epidemic or state of emergency in China. Though users on Social media are sharing about ...
The Hill29d
China is forcing out foreign car companies
China was one of the important factors pushing the three firms to contemplate a merger. This year has been troubling for almost all foreign carmakers in that country, which boasts the world’s ...