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AI is Top of Mind in Alithya's 2025 Industry Trends Reports for Manufacturing, Healthcare, and Financial Services

AI is Top of Mind in Alithya's 2025 Industry Trends Reports for Manufacturing, Healthcare, and Financial Services

Globe and Mail5 hours ago

ALPHARETTA, Ga., June 19, 2025 /CNW/ - Alithya Group, inc. (TSX: ALYA) ("Alithya") today announced the release of its 2025 Industry Trends Reports and Analysis across three critical sectors: manufacturing, healthcare, and financial services. Each report is based on a survey of industry professionals and offers exclusive insights into the key trends, challenges, and opportunities expected to shape business conditions in the next 12 months.

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Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows
Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

CTV News

time29 minutes ago

  • CTV News

Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

These are Gucci bags in the window of a Gucci store in Pittsburgh on Jan. 30, 2023. (AP Photo/Gene J. Puskar, File) MILAN — Global sales of personal luxury goods are 'slowing down but not collapsing,' according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros (US$419 billion) in 2024 are projected to slide by another 2 per cent to 5 per cent this year, the study said, citing threats of U.S. tariffs and geopolitical tensions triggering economic slowdowns. 'Still, to be positive in a difficult moment — with three wars, economies slowing down, inequality at a maximum ever — it's not a market in collapse,'' said Bain partner and co-author of the study Claudia D'Arpizio. 'It is slowing down but not collapsing.' Alongside external headwinds, luxury brands have alienated consumers with an ongoing creativity crisis and sharp price increases, Bain said. Buyers have also been turned off by recent investigations in Italy that revealed that sweatshop conditions in subcontractors making luxury handbags. Sales are slipping sharply in powerhouse markets the United States and China, the study showed. In the U.S., market volatility due to tariffs has discouraged consumer confidence. China has recorded six quarters of contraction on low consumer confidence. The Middle East, Latin America and Southeast Asia are recording growth. Europe is mostly flat, the study showed. This has created a sharp divergence between brands that continue with strong creative and earnings growth, such as the Prada Group, which posted a 13 per cent first-quarter jump in revenue to 1.34 billion euros, and brands like Gucci, where revenue was down 24 per cent to 1.6 billion euros in the same period. Gucci owner Kering last week hired Italian automotive executive Luca De Meo, the former CEO of Renault, to mount a turnaround. The decision comes as three of its brands — Gucci, Balenciaga and Bottega Veneta — are launching new creative directors. Kering's stock surged 12 per cent on news of the appointment. D'Arpizio underlined his track record, returning French carmaker Renault to profitability and previous roles as marketing director at Volkswagen and Fiat. 'All of these factors resonate well together in a market like luxury when you are in a phase where growth is still the name of the game, but you also need to make the company more nimble in terms of costs, and turn around some of the brands,'' she said. Brands are also making changes to minimize the impact of possible U.S. tariffs. These include shipping directly from production sites and not warehouses and reducing stock in stores. With aesthetic changes afoot 'stuffing the channels doesn't make a lot of sense,'' D'Arpizio said. Still, many of the headwinds buffering the sector are out of companies' control. 'Many of these (negative) aspects are not going to change soon. What can change is more clarity on the tariffs, but I don't think we will stop the wars or the political instability in a few months,'' she said, adding that luxury consumer confidence is tied more closely to stock market trends than geopolitics. President of Italian luxury brand association Altagamma Matteo Lunelli underlined hat the sector recorded overall growth of 28 per cent from 2019-2024, 'placing us well above pre-pandemic levels.' While luxury spending is sensitive to global turmoil, it is historically quick to rebound, powered by new markets and pent-up demand. The 2008-2009 financial crisis plummeted sales of luxury apparel, handbags and footwear from 161 billion euros to 147 billion euros over two years. The market more than recovered the losses in 2010 as it rebounded by 14 per cent, with an acceleration in the Chinese market. Similarly, after sales plunged by 21 per cent during the pandemic, pent-up spending powered sales to new records. --- Colleen Barry, The Associated Press

Trump extends TikTok ban deadline for a third time
Trump extends TikTok ban deadline for a third time

CTV News

time41 minutes ago

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Trump extends TikTok ban deadline for a third time

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Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe
Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe

Globe and Mail

time42 minutes ago

  • Globe and Mail

Bitget Secures Digital Asset License in Georgia, Running its Global Expansion Strategy in Eastern Europe

VICTORIA, Seychelles, June 19, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has secured regulatory approval in Georgia to operate as a provider of digital asset exchange and custodial wallet services through the Tbilisi Free Zone (TFZ). The new licensing development is a strategic expansion aligned with Bitget's plans of growing its licensing portfolio in Eastern Europe, a region increasingly dictating the growth of crypto through open regulatory frameworks and progressive economic outlooks. Georgia has emerged as a notable hub for crypto innovation, drawing attention with its pro-business stance and supportive environment for crypto and blockchain companies. Ranked among the top countries for crypto mining per capita and blockchain integration, Georgia has actively pursued policies to align with global financial standards while embracing the strong potential of emerging cryptospace. The Tbilisi Free Zone offers tax advantages and has set frameworks and procedures for companies in the digital asset space, making it a hotbed for international players seeking operational flexibility with regulatory clarity. 'Regions with strong crypto-friendly frameworks are creating the foundation for the next era of finance. Georgia is an example of how strategic policymaking can open doors for growth while guarding users' safety and increasing accessibility. Bitget's goal is to work hand-in-hand with jurisdictions that understand the long game—where crypto is a synonym for the new emerging global economic infrastructure,' said Gracy Chen, CEO at Bitget. Bitget's entrance into Georgia aligns with its broader objective of strengthening its presence in markets that support responsible innovation. As crypto adoption accelerates in Eastern Europe, the region has become increasingly important for digital asset platforms looking to serve both institutional and retail users under compliant structures. Regulatory transparency in jurisdictions like Georgia helps ensure that growth is matched with accountability, a principle that aligns with Bitget's international expansion approach. Bitget currently holds registrations in several key jurisdictions across Europe, Latin America, and Asia-Pacific. These include AUSTRAC in Australia, OAM in Italy, and Virtual Asset Service Provider listings in Poland, Bulgaria, Lithuania, and the Czech Republic. In the UK, Bitget operates its FCA-approved platform partnering with an Authorized Person for the purposes of Section 21 of the Financial Services and Markets Act 2000. In addition, Bitget's recent licenses in El Salvador and registration Argentina adds depth to its reach across both rising and established economies, marking a deliberate move into markets shaping the next wave of crypto adoption. The newly acquired license in Georgia builds on this momentum—signaling a preference for regions implementing crypto-friendly frameworks and regulatory prudence. Each new license marks yet another step towards Bitget's global strategy to include crypto into everyday infrastructure with high quality products, world-class security and strong compliance towards local regulations. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

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