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Why the world is turning its back on H&M

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Swedish fashion giant H&M has seen its sales slump in China, months after it became the target of a Chinese boycott

The retail giant was among several brands that raised concerns over alleged human rights abuses against Uyghur Muslims in China’s Xinjiang province.

An official statement led celebrities to cut ties with the brand and e-commerce platforms to drop H&M.

The sales slide came even as H&M’s global business returned to profit as the impact of the coronavirus pandemic slowly eases across the world.

China accounted for around 5% of H&M’s sales last year and is one of its biggest suppliers.

H&M’s sales in China were down 23% for the second quarter of 2021, compared to the same time last year.

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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