Connect with us

Fashion

India, EU agree to wrap up free trade pact this year

Published

on


By

Reuters

Published



March 1, 2025

Indian Prime Minister Narendra Modi and the European Union have agreed to push for the conclusion of a free trade pact this year, European Commission President Ursula von der Leyen said on Friday.

Reuters

The visit by von der Leyen, accompanied by leaders of EU nations, comes at a time of rising geopolitical tension, with Brussels and New Delhi set to outline key areas for closer cooperation as part of their strategic partnership.

“We are both looking to diversify some of our most critical value chains,” said von der Leyen, who began a two-day visit to India on Thursday.
She called for an “ambitious” trade and investment deal that could cover industries from batteries and pharmaceuticals to semiconductors, clean hydrogen and defense.

Talks for an India-EU free trade deal resumed in 2021 after having been stalled for eight years, and now cover issues from investment protection to geographical indications.

The EU is India’s largest trading partner in goods, with two-way trade growing about 90% over a decade to stand at $137.5 billion in fiscal year 2023/24.

Speaking at an event in New Delhi, von der Leyen said troubled times offered great opportunities for partnership between India and the EU.
The two leaders had agreed to push to conclude a free trade pact this year, she added.

“We both stand to lose from a world of spheres of influence and isolationism, and we both stand to gain from a world of cooperation and working together,” she said, ahead of talks with Modi.

“But I believe this modern version of great-power competition is also an opportunity for Europe, and India to reimagine its partnership.”
The deal had been delayed for many years by New Delhi’s reluctance to lower tariffs in some areas, while the European Union proved reluctant to ease visa curbs on Indian professionals.

The EU wants India to lower tariffs of more than 100% on imported cars, whiskey and wine, while India seeks greater access for its cheaper drugs and chemicals in the EU market.

India also wants lower tariffs on its exports of textiles, garments, and leather products. It also opposes an EU proposal to fix tariffs of 20% to 35% from January 2026 on high-carbon goods, including steel, aluminum and cement.

“It won’t be easy to conclude the free trade talks unless India agrees to drastically cut tariffs on automobiles and other products that could hit domestic industry,” said Ajay Srivastava, of Delhi think-tank Global Trade Initiative.

“The EU would also have to open its markets for Indian products and meet demands on data security and visas,” added India’s former negotiator in EU trade talks.

U.S. President Donald Trump, who has called India one of the countries imposing the highest tariffs, has threatened a reciprocal tariff by April, although India hopes to clinch a deal with Washington.

© Thomson Reuters 2025 All rights reserved.



Source link

Continue Reading

Fashion

Oscars’ red carpet features sculptural and shiny gowns and some props

Published

on


By

Reuters

Published



March 3, 2025

“Wicked” star Ariana Grande walked the Oscars red carpet on Sunday in a sculptural flared pink top and a tulle skirt by Schiaparelli, one of several actors to make bold fashion statements.

Reuters

Whoopi Goldberg wore a shiny blue gown with a flared skirt, while British actress Yasmin Finney sported a black dress featuring feathery attachments that shot over her head.

“A Complete Unknown” star Elle Fanning chose a lacy white gown with a full skirt and black belt, while “The Brutalist” best supporting actress nominee Felicity Jones wore a silver dress with slits and a tie around the waist.

Demi Moore, favored to win best actress for “The Substance,” won a sparkling silver gown with a train flowing behind her.

Zoe Saldana, a favorite to win best supporting actress for her turn in “Emilia Perez,” wore a multi-tiered maroon dress with a sparkling top and long gloves on her arms.

“A Complete Unknown” best supporting actress nominee Monica Barbaro won a voluminous high-waisted pink skirt with a sparkly top.
Halle Berry wore a strapless silver gown with shiny small tiles running down the dress, while Gal Gadot chose a bright red gown with a full skirt.

Among the men, the black tuxedo was popular and Oscars host Conan O’Brien sported one. But Jeff Goldblum picked a white jacket and a floral purple shirt with purple flowers attached to his lapel.

“A Complete Unknown” best actor nominee Timothee Chalamet chose a lemon yellow suit and shirt.

Colman Domingo, nominated for best actor for “Sing Sing,” amped up his look with a bright red jacket and shirt and black lapels to go with the black trousers.

Comedian Bowen Yang wore a pink shirt and an embroidered leather jacket with no tie.

The creators behind the animated film “Wallace & Gromit: Vengeance Most Fowl” carried props related to their film, and one of the directors of the documentary feature about Ukraine, “Porcelain War,” carried a small dog in his arms.

© Thomson Reuters 2025 All rights reserved.



Source link

Continue Reading

Fashion

L’Oreal opens new North America Research & Innovation Center

Published

on


L’Oréal Groupe has officially opened its North America Research & Innovation (R&I) Center in Clark, New Jersey. 

L’Oreal opens new North America Research & Innovation Center. – L’Oreal

Representing a $160 million investment, the nearly 250,000-square-foot facility is L’Oréal’s largest R&I center outside of France and underscores its long-term commitment to the U.S. market, economy, and workforce. Construction of the center began in 2022, while full-scale operations commenced in February. 

The R&I Center will play a key role in developing L’Oréal’s American brands, including Maybelline, CeraVe, Redken, and Kiehl’s. Notable features of the facility include a 26,000-square-foot modular laboratory, a consumer co-creation center that accommodates up to 400 daily participants for product testing, and an on-site mini factory for scaling final formulations before full production.

“The U.S. plays a defining role in shaping the future of beauty. With its diverse and demanding consumers and world-leading innovation ecosystem, it is the ideal environment to drive our vision forward,” said Barbara Lavernos, deputy CEO of L’Oréal Groupe, in charge of research, innovation, and technology.

“This center embodies L’Oréal’s uniquely end-to-end innovation model, from upstream Advanced Research on new breakthrough ingredients to the downstream development of formulas ready for scale-up to deliver high-performance, safe, and responsible beauty solutions.”

The facility joins L’Oréal’s global R&I hubs in France, Brazil, South Africa, India, China, and Japan. It will employ more than 600 scientists, engineers, and researchers. The center will also collaborate with leading academic institutions, biotech firms, and startups to drive advancements in sustainability, inclusivity, and personalization across skin tones, hair types, and beauty preferences.

“The grand opening of our research center in New Jersey represents a transformative new chapter in L’Oréal’s storied history in the United States,” added David Greenberg, CEO of L’Oréal USA and president of the North America zones. 

“This investment will enable us to pioneer groundbreaking product innovations for American consumers that anticipate global market needs. And we’re not simply creating products; we’re building a prosperous future of economic growth, powered by American talent.”

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Balenciaga launches Ambassador Fanclub Series collection

Published

on


Balenciaga launched on Friday a Brand Ambassador Fanclub Series, featuring a lineup of global icons, including Isabelle Huppert, Kim Kardashian, Michelle Yeoh, Nicole Kidman, and PP Krit Amnuaydechkorn.

Balenciaga launches Ambassador Fanclub Series. – Balenciaga

The series includes T-shirts in Balenciaga’s signature shrunk and boxy fits, alongside a ribbed tank top available in red, white, black, and blue.

As part of the campaign, each celebrity ambassador captured a selfie wearing their corresponding t-shirts, first unveiled as part of the Balenciaga’s Fall 25 collection.

The collection draws inspiration from vintage fanclub merchandise, presenting aged figurative artwork that pays homage to the brand’s ambassadors. Each piece features the ambassador’s printed signature on the back, mimicking the effect of a hand-signed autograph. 

The t-shirts retail for $825 and are now available for sale on balenciaga.com. 

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Trending

Copyright © Miami Select.