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Nike’s inventory woes stretch to China as covid recovery remains a challenge for brands

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Nike Inc.’s quarterly results highlight how some U.S. brands have too much inventory at home and in markets like China, where the companies have placed big financial bets.

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Sri Lanka rejects resolution at the UN Human Rights Council - newsfirst.lk - China - South Korea - Japan - Usa - Sri Lanka - Germany - Britain - Pakistan - Canada - Cuba - Brazil - county Geneva - Venezuela - Malawi - Bolivia - Uzbekistan - Macedonia - Montenegro - Eritrea
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Sri Lanka rejects resolution at the UN Human Rights Council
​COLOMBO (News 1st) – Sri Lanka categorically rejected resolution A/HRC/51/L.1 (Rev.1) titled "Promoting reconciliation, accountability and human rights in Sri Lanka" tabled by the United Kingdom, Canada, Germany, Malawi, Montenegro, North Macedonia, and the United States, which was adopted by a vote at the Human Rights Council (HRC) in Geneva, on Thursday (6).Sri Lanka's Minister of Foreign Affairs Ali Sabry delivered the statement on behalf of Sri Lanka as the country concerned and called on the Members of the Council to reject the resolution by voting against it.In support of Sri Lanka’s position opposing the resolution, the delegation of Pakistan called for a vote. Over half of the members of the Council did not support the resolution with 07 countries (Bolivia, China, Cuba, Eritrea, Pakistan, Uzbekistan and Venezuela) voting against the resolution and 20 countries abstaining on the vote. 20 countries voted in favour of the resolution.Representatives of Pakistan, Brazil, China, Venezuela, Japan and Republic of Korea made statements in support of Sri Lanka prior to the vote.Pakistan said that they share the concerns of Sri Lanka and other Member States that the resolution is intrusive and this level of scrutiny would not be even acceptable to any sovereign state including the Core Group.
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