Casual wear giant Uniqlo, owned by the Japanese, is projected to beat its own forecast in what would be a third successive year of record profits because of its increasing brand strength in the West and a rebound in business in China.

Uniqlo expected to report 24% annual profit increase driven by overseas expansion

Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40 per cent, a clear sign that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting.

Japan's fast retailing says it will hike pay by as much as 40%

France has opened an inquiry into allegations four fashion groups profited from the forced labour of the Uyghur minority in China. Magistrates at the national anti-terror prosecutor's office in Paris are probing claims the multinational companies are complicit in crimes against humanity, the source said, confirming a report on the Mediapart investigative website.

France launches probe into fashion groups over forced Uyghur labour

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