Fashion
China announces package of measures to facilitate cross-border trade
The measures broaden netting settlement varieties for loans and related services fees, lowering the frequency and cost of cross-border remittances, SAFE said.
These also target the rapid growth of new trade models like cross-border e-commerce, and simplify procedures for advance-payment businesses, allowing the direct handling of monetary payments for goods transportation and storage, as well as maintenance fees at banks, according to a state-controlled news agency.
China’s State Administration of Foreign Exchange (SAFE) recently introduced a package of measures to further facilitate cross-border trade receipts and payments and enhance foreign exchange services.
The measures broaden netting settlement varieties for loans and related services fees; target the rapid growth of new trade models; and simplify procedures for advance-payment businesses.
These also permit contracting engineering enterprises to manage overseas funds centrally for projects across multiple countries or regions, improving fund allocation flexibility.
A pilot programme was launched by SAFE for the high-standard opening-up of cross-border trade in 2022, which has been expanded to 11 regions in the country.
Fibre2Fashion News Desk (DS)
According to updated Eurosystem staff projections, headline inflation is expected to average 2.1 per cent in 2025, easing to 1.9 per cent in 2026 and 1.8 per cent in 2027, before returning to 2.0 per cent in 2028. Inflation excluding energy and food is forecast at 2.4 per cent in 2025, gradually declining to 2.0 per cent by 2028. Inflation for 2026 has been revised upward, mainly due to expectations that services inflation will fall more slowly than previously anticipated, the Governing Council of the ECB said in a press release.
European Central Bank has kept its key interest rates unchanged, maintaining confidence that inflation will stabilise at the 2 per cent target.
Updated projections show inflation easing gradually over the coming years, with a slight upward revision for 2026 due to persistent services prices.
Economic growth forecasts have been revised higher, supported by stronger domestic demand.
The ECB also revised its economic growth outlook higher compared with its September projections. Growth is now expected to reach 1.4 per cent in 2025, 1.2 per cent in 2026 and 1.4 per cent in 2027, with expansion projected to remain at 1.4 per cent in 2028. The improvement is driven largely by stronger domestic demand across the euro area.
The Council reiterated its commitment to ensuring that inflation stabilises sustainably at the 2 per cent target. It emphasised that future monetary policy decisions will remain data-dependent and assessed on a meeting-by-meeting basis, without pre-committing to any specific interest rate path.
Fibre2Fashion News Desk (KD)
Vera Bradley reported Q3 net revenues of $62.3 million, down from $70.5 million year over year.
Direct revenues fell 5.3 per cent, with comparable sales down 5.8 per cent, while indirect revenues dropped 30.2 per cent.
Gross margin declined to 42.1 per cent, impacted by inventory write-downs and higher duties, despite early progress from its Project Sunshine transformation.
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