Levi Strauss and Ralph Lauren are among U.S. apparel brands likely to be worst hit by Russia’s invasion of Ukraine which is again clogging supply chains in Europe where they derive at least a quarter of sales, Wall Street analysts say. American clothes firms’ European businesses were just recovering from two years of pandemic restrictions. But war-related Western sanctions on Moscow, airspace bans and shipping route changes have put new squeezes on East-West supply chains. “Cargo checks are now one of the biggest disruptions to shippers, making sure they are not breaking sanctions at ports in the EU (European Union) and the UK,” said Jane Hali, CEO of investment research firm Jane Hali & Associates. “Europe is definitely going to feel the brunt of the economic damage … which will impact consumer sentiment and consumer wallets,” CFRA Research analyst Zachary Warring said on the fallout for apparel retailers. Source: Reuters
Indian Americans
Indian-Origin Professor at University of Kansas City Accused of Using Students as Servants
WASHINGTON(TIP): An Indian-origin professor in the US has been accused of exploiting his students and compelling them to do his personal work, media reported. Ashim Mitra, a pharmacy professor at the University of Missouri-Kansas City, […]
Politics
Tulsi Gabbard Called ‘Devil’ By #Republican Opponent and targeted for her Hindu faith
WASHINGTON: Tulsi Gabbard, the first Hindu to be elected to the US Congress, has been targeted for her Hindu faith by her Republican opponent in the Congressional elections, prompting sharp reactions from the Hindu-American community members. […]
As I See It
Handle the India-U.S. Relationship with Care
“Americans and Indians often see the same problem in very different ways. India, for example, does not see Russia’s attack on Ukraine as a threat to world order. While Americans have been disturbed by India’s […]
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