The first three hostages were released from Gaza and Palestinian prisoners were freed from Israeli custody as a fragile ceasefire between Israel and Hamas began. Palestinians returned home as humanitarian aid entered Gaza, while celebratory scenes marked the prisoner releases. The ceasefire, lasting six weeks, aims to end the conflict, with more hostages and prisoners set to be released in the coming days.
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Kathmandu owner KMD Brands flags earnings slump as warm weather dents puffer jacket sales
KMD Brands, owner of Kathmandu, Ripcurl, and Oboz, has warned that unseasonably warm autumn weather in Australia could lead to a full-year earnings drop of up to $NZ35 million, with expected underlying earnings between $NZ15m and $NZ25m, down from $NZ50m last year. Despite a 6.4% sales slump at Kathmandu, recent cooler weather has sparked a 13.2% sales growth in June, and the company continues to focus on online sales and growth initiatives. Need More Context?...
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