1. China Luxury Goods Market: A Year of Recovery and Transition. All luxury categories rebounded—beauty, fashion, jewelry, and leather goods saw strong growth in 2034, while watches continue to lag other categories. – Read More on Bain
2. Macy’s isn’t facing a retail apocalypse. It’s facing a shrinking middle class. Meanwhile, luxury and discount retailers are growing alongside the ranks of lower- and upper-income Americans. – Read More on Marketplace
3. South Korea probes consumer data practices of Chinese e-commerce platforms AliExpress, Temu. It is checking the appropriateness of their personal information processing policies, overseas transfers, and safety measures. – Read More on SCMP
4. Republican States Launch Lawsuit to Block New SEC Climate Disclosure Rules. A coalition of ten Republican states announced the launch of a lawsuit in the U.S. federal appeals court, aimed at blocking the implementation of the U.S. Securities and Exchange Commission’s new climate-related disclosure rules. – Read More on ESG Today
5. RETRO READ: As the SEC Considers Climate Disclosure Rules, it May Face Legal Challenges. Some critics of climate disclosures, including several Republican state attorneys general, suggest that the SEC has no authority to require disclosures that are not financially material. – Read More on TFL
6. What U.S. Members Think About Regulating AI. The majority of U.S. IEEE members express that the current regulatory approach to managing artificial intelligence (AI) systems is inadequate. They also say that prioritizing AI governance should be a matter of public policy. – Read More on IEEE