Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Nike and Adidas are again popular with Chinese consumers after both faced boycotts in March due to the Xinjiang region controversy, according to Citi Research's survey in September.
Citi had conducted a survey of 1,000 Chinese consumers in June when it already showed a gradual recovery in the popularity of western athletic brands.
When asked which athletic brands they considered purchasing next, 81 percent of Chinese consumers surveyed in September indicated they planned to buy Nike, up from 48 percent in the June survey. For Adidas, 49 percent said they planned to buy Adidas, increasing from 31 percent in June.
Chinese brands Peak and Li Ning were down significantly on purchase intent from June to September, with only 7 percent and 4 percent of respondents considering Peak and Li Ning.
Both brands garnered 54 percent in June.
The survey in September suggests the fallout from the Xinjiang cotton controversy continues to wane for western brands, according to Paul Lejuez, Citi’s lead analyst in the athletics’ space.
The labor conditions in Xinjiang’s Western region, home to Muslim Uighurs, became the subject of a diplomatic row between China and the West.
China denied allegations of human rights abuses after the EU, the US, the UK, and Canada imposed sanctions on its officials.
