US ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest-rate increases and persistent inflation.

Activist shareholder Bluebell Capital Partners on Monday claimed a partial victory in its efforts to overhaul management at luxury group Richemont after the company proposed the appointment of a director to look after the interests of ordinary shareholders.

The fund, Collab SOS, will invest in companies working to develop more sustainable materials, ingredients, energy and supply chains the Series A and B level.

The proposal involves asking factories to choose different days off instead of all of them remaining closed only on Friday, State Minister for Power and Energy Nasrul Hamid said in an interview.