WCO Addresses Global Crises Reforms Trade Policies

WCO Addresses Global Crises Reforms Trade Policies

The World Customs Organization (WCO) emphasized the importance of reshaping international rules amidst global crises at the annual meeting of international organizations. By publishing the 'Compendium of International Organizations Practices,' the WCO actively participates in international cooperation, ensuring the smooth flow of goods during the pandemic. It also advocates for establishing a culture of assessing international instruments to address future challenges. The WCO calls for collective efforts to build a more efficient, inclusive, and sustainable global trade system, highlighting the need for collaborative solutions in a rapidly changing world.

Qingdao Expo 2026 to Boost Chinas Dairy Sector Growth

Qingdao Expo 2026 to Boost Chinas Dairy Sector Growth

The 2026 Qingdao Dairy Expo aims to build a comprehensive industry chain display platform, enhance the brand influence of China's dairy industry, and promote international exchange and cooperation. Shandong's dairy industry, with its advantages in milk source base construction, dairy processing capacity, and geographical location, lays the foundation for the exhibition. The expo will cover areas such as dairy products, animal health care, breeding equipment, and processing technology, while facing challenges such as international competition and changing demands. The exhibition will inject new vitality into China's dairy industry and promote industrial upgrading.

Luxury Retailer Saks Global Struggles With Mounting Debt

Luxury Retailer Saks Global Struggles With Mounting Debt

Saks Fifth Avenue's parent company, Saks Global Group, is facing a potential bankruptcy crisis after failing to make bond interest payments. The company is burdened by debt, declining performance, and executive departures. This situation reflects the broader challenges facing traditional department stores, including competition from e-commerce, inflationary pressures, and changing consumer habits. Digital transformation is now critical. The future of the group is uncertain, and the path to restructuring will be challenging. The crisis highlights the vulnerability of even established luxury retailers in the current economic climate.