Latest news with #McCloskey
News24
2 days ago
- Business
- News24
Market fall-out as Trump doubles steel, aluminium tariffs
• For more financial news, go to the News24 Business front page. Shares in South Korean and Vietnamese steelmakers, major Asian exporters of the metal to the United States, dropped on Monday after US President Donald Trump said he would double tariffs on imported steel and aluminium to 50%. Trump announced on Friday the new steel and aluminium levies, which take effect on June 4, intensifying a global trade war just hours after he accused China of violating an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals. Steel industry experts said while the increased tariff would cause significant disruption for major exporters to the US, the rates could go down in light of some of Trump's trade policy reversals. "Frequent shifts in the Trump administration's tariff policies introduce considerable uncertainty regarding the actual impact ... I think the final result will be far lower than initially projected, especially concerning its duration," said Chelsea Ye, senior analyst at metals research firm McCloskey. South Korea's Industry Ministry said on Monday it will respond to the 50% tariff on steel products as part of its trade discussions with Washington in order to minimise the impact on industry. South Korea was the fourth-biggest exporter of steel to the United States last year, behind Canada, Mexico and Brazil, according to American Iron and Steel Institute data. South Korea's Industry Ministry said in a statement that it had held an emergency meeting with officials from the country's major steelmakers, including POSCO and Hyundai Steel . Shares of South Korean steelmakers lost ground on Monday, with POSCO and Hyundai Steel falling 3% and SeAH Steel Corp down 6.3% in morning trade. In Vietnam, major steelmakers Hoa Sen Group and Nam Kim Steel fell 2.8% and 3.4% respectively. Vietnam Steel Corp also fell 2.7%. Vietnam's exports of steel and steel products to the U.S. fell 27% in the first four months of this year, government data showed. The 50% tariffs will add to the challenges facing Korean steel exporters, which have refrained from sharply boosting exports to the US to avoid Washington's scrutiny, despite rising US steel prices, an industry executive told Reuters. "It will be a burden to exporting companies, if there are no additional steel price increases in the U.S," he told Reuters, asking not to be identified due to the sensitivity of the issue. Despite tariffs, South Korea's steel shipments to the United States rose 12% in April from a year earlier, according to trade data. Steel and aluminium tariffs were among the earliest Trump imposed when he returned to office in January. The tariffs of 25% on most steel and aluminium imported to the US went into effect on March 12. Industry officials said the tariffs have increased US steel prices, affecting several sectors, including home appliances, cars, and construction. Trade talks South Korea, a major US ally, has called for an exemption from tariffs on steel, autos and others items, during talks with the United States. Seoul agreed in late April to craft a trade package by the end of the 90-day pause on Trump's reciprocal tariffs in July, but it has been difficult for negotiators to make big decisions due to a political leadership vacuum ahead of elections on Tuesday. In late March, Hyundai Steel announced a plan to build a $5.8 billion factory in Louisiana in response to US tariffs, but the factory will not open until 2029. In April, Hyundai Steel's bigger rival POSCO signed a preliminary deal to make an equity investment in the factory project. In India, which relies heavily on the US for aluminium exports, industry experts also warned of a major hit. "This is going to have a detrimental impact," B.K. Bhatia, director-general at the Federation of Indian Mineral Industries, the country's leading mining body, told Reuters. "The US is the biggest market for Indian aluminium. Government has been negotiating so we are hopeful that with talks, the tariffs will come down." The US is the world's largest steel importer, excluding the European Union, with a total of 26.2 million tons of imported steel in 2024, according to the Department of Commerce. As a result, the new tariffs will likely increase steel prices across the board, hitting industry and consumers alike. "The latest hike will prompt these sellers to renegotiate with their US buyers on how to and who will shoulder the extra 25% cost," said Thaiseer Jaffar, founder of Dubai-based steel industry event organiser Global Steel Summit.
Irish Examiner
03-05-2025
- Entertainment
- Irish Examiner
'I'm so involved in the product': Meet the Irish co-founder of cult label Rixo
'I could not care less about a trend,' says Orlagh McCloskey, co-founder of Rixo. It's 10 years since the Derry-born designer launched the vintage-inspired label with college friend, Henrietta Rix. In the early days they designed, created, sold, stocked, marketed — and even met London fashion editors — from the living room of their university flat. With experience as fashion buyers, and exposed to a world of fast fashion, they eschewed the throwaway culture. Rixo, they decided, would not be defined by trends. Instead there would be cool prints, evoking a sense of wanderlust, designed by McCloskey (to this day she says she 'has her hands' on every Rixo graphic), and feminine silhouettes. With the environment at the forefront, these would be investment pieces in an era of overconsumption. Transcending time, they would be dresses women could treasure forever and style for every occasion, from a wedding with heels to Saturday brunch with runners. Ten years on, McCloskey and Rix have created something of a Rixo DNA. Their designs are instantly recognisable, to the point that often, when I wear their kimonos, sourced with grit on vintage sites, I am often met with a nod and a murmured 'Rixo?' as a greeting. If you know, you know. Orlagh and Henrietta of Rixo. Picture: Silvia Olsen McCloskey laughs when I share this. A decade on and she still gets a kick when she sees women wear her designs (and these include some very famous faces from Catherine, Princess of Wales, to Hailey Bieber; Selena Gomez and Florence Pugh). 'People often say to me, I keep going back to my Rixo, it's my trusty dress,' she says, speaking from her home in London. So while other labels are trend focused, instead Rixo puts the woman centre stage. 'Feeling good in your clothes is behind what we design,' says McCloskey. 'How you feel, where you are going in it. When I see vintage clothing, from the 30s or the 70s, it's so different now — women have busy lifestyles, their clothes need to work from day to events. It's got to be versatile. Instead of season launches, Rixo releases four collections a year – with monthly exclusive drops. Right now these monthly pulls have been dubbed 'The Perfect Pieces' by McCloskey. 'It's not the official name for this but it's almost like Rixo's version of a capsule collection,' says McCloskey, pointing to the brand's now cult leopard print coat as an example. RIXO's cult leopard print coat 'What are the pieces that you want to wear all the time? So it's the Rixo DNA but it will work with whatever is in your wardrobe. You can come to us for your occasion dress but also the bits that will work with whatever is in your wardrobe.' She gives the example of a vintage sweater you'd pick up to walk your dog on a Saturday. Rixo doesn't have that yet — but it's only a matter of time. Add to that accessories, bridalwear and homeware, and Rixo is, at last count, overseeing 23 collections a year. It's relentless, and yet McCloskey says, it never really feels like work. Time though is more precious now she has a 13-month-old son. 'If I didn't love what we are creating, I wouldn't put the time and pressure in,|" she says. 'I love what I do. If you don't have that passion you won't put in the extra mile. 'At the beginning for both Henrietta and I, it was our life. We didn't have partners, we didn't go out at all. Maybe it was a protection — when you meet someone, you feel you are missing out when you work all weekend. If we weren't even going out, then we had nothing to miss.' Today, with family at home, weekends are like gold dust — the odd vintage fair on a Sunday the exception. 'I'm in the office most days but I spend my time with him in the mornings and that's my precious time,' she says. Rixo is overseeing 23 collections a year She has also recognised her business 'superpower'. A creative force, the grind of logistics and critical paths isn't her focus. Instead, she guards the creative time she can give to Rixo. 'I'm so involved in the product,' she says, again harking back to the brand DNA. You always know an artist's work, it's similar in some way. I'm still so involved, I touch everything, so that touchpoint is there. 'I need to protect more of my time to make Rixo what it is. Being so close to the product, you don't lose that brand identity.' As Rixo celebrates its 10th anniversary, there is also another milestone. This month they open their first Irish store. A permanent location in Kildare Village, it also marks another first — this will be their one and only outlet offering. Home is important to McCloskey ('If I don't get home every Christmas, my mum would have a canary,' she laughs) and she's visibly excited at what's ahead. A family affair, her twin sister, interior designer Gemma McCloskey, founder of Cupla, is also on board. The space pays homage to Ireland's folklore. Inspired by Irish churches with vaulted ceilings, Celtic mythology and landscapes, the boutique features sweeping arches reminiscent of ancient castles, and warm gold silk wallpaper evoking the glow of an Irish hearth. And of course there are hand-painted gilded stars — this is Rixo, after all. As it celebrates its 10th anniversary, Rixo will have a new home in Kildare Village. The store will offer off-price items, ready-to-wear pieces from the latest collections, footwear and accessories. Markdown styles from the Rixo Bridal collection will also be available as well as exclusive one-off styles, crafted from off-cut fabrics, created specifically for the Kildare location. Their aim? To make this a destination store. Rixo recognised the power of community a decade ago. Before Instagram became the force it is today, they launched Humans of Rixo, encouraging their fans to photograph and post themselves in their designs. Today it is one of the focal points of their website. The sense of belonging also extends to their subscribers — sign up and you can pop into a store in London for a complimentary coffee. Small touches, but it's what sets Rixo apart. Ten years ago, they were two college friends about to launch a fashion label from their university flat. So what's ahead for the next decade? 'Still doing Rixo,' McCloskey says with conviction. 'So many women don't know Rixo yet. So we will still be doing Rixo, just more of it.' Rixo's premium outlet at Kildare Village opens May 8 Read More Cork designer Sinéad Keary on finding her path in fashion and her successful brand
Yahoo
02-05-2025
- Sport
- Yahoo
Legends for Kids gearing up for another year
SIOUX FALLS, S.D. (KELO) — Registration is open for another year of Sanford's Legends for Kids youth clinics. The camps have been a Sioux Falls tradition for over 20 years. In a partnership with Hy-Vee, Sanford Sports will provide free clinics for kindergarten through eighth graders. They can choose from seven different sports. Mark McCloskey helps organize the volleyball clinic, which is the first camp available on June 3. Deadwood firefighters aid in single vehicle crash 'We're always excited to get more kids in the gym,' McCloskey said. Almost 200 kids have already signed up for the camps. For McCloskey, it's all about giving them a good experience. 'I know for basketball, baseball, softball, golf, football, for a lot of kids, it's their first chance to come to a camp. We recognize that and try and give them an experience where they're going to want to come back,' McCloskey said. 'You get to see kids walk in with smiles on their faces. They feel very special for the day. You make them feel great, give them positive interactions, words of encouragement, things like that. I think that's what kids need right now,' Sanford Sports Complex director Brock Reynoldson said. And organizers hope the athletes can learn lessons that go beyond their sport. 'All the things that sports provide you off the field from character development, leadership skills, communication, friendship, those are things that we really take a lot of pride in doing,' Reynoldson said. 'We try and get them to pay attention, listen and be coachable, which is always a challenge, but we try and give them things like the effort and energy that it takes to be good at whatever they're going to do. That's something we try and teach all our kids,' McCloskey said. The Legends for Kids gala and golf tournament will come to an end this year, but you can expect some new things planned. More will be released about that later this summer. For more information on the youth clinics as well as the Legends high school football team camp, click the links below. Youth clinics High school football team camp Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
BBC News
25-04-2025
- Sport
- BBC News
Kok and McCloskey return as Stockdale starts at full-back
United Rugby Championship: Ulster v SharksVenue: Kingspan Stadium, Belfast Date: Saturday, 26 April Kick-off: 19:35 BSTCoverage: Watch live on iPlayer, BBC Two NI & online, follow live text and watch highlights on BBC Sport website & app Werner Kok and Stuart McCloskey have returned to the Ulster team for Saturday's crucial United Rugby Championship game against the Sharks at Kingspan Sharks wing Kok has been out injured since January while Ireland international centre McCloskey replaces Stewart Moore after missing last week's defeat by Leinster. With Michael Lowry sidelined, Jacob Stockdale starts at full-back. Ulster head coach Richie Murphy makes one change to his pack as Matty Rea is named at blind-side flanker, which sees James McNabney moving to number eight and Dave McCann dropping to the bench. Alan O'Connor will captain the team in his final home match, with Rea, Andrew Warwick and Kieran Treadwell also set for a farewell Kingspan outing. Murphy has opted for a 6-2 split on the bench: Treadwell, McCann, Tom Stewart, Callum Reid, Scott Wilson and Matthew Dalton are the forward reinforcements with Dave Shanahan and Aidan Morgan covering the backline. Ulster are 10th in the URC table as they chase a play-off spot and Champions Cup qualification for next season. After hosting the Sharks, they face trips to Munster and Edinburgh in their final two games on 9 and 16 May. Ulster: Stockdale; Kok, Postlethwaite, McCloskey, Ward; Murphy, Doak; Warwick, Herring, O'Toole; O'Connor (capt), Izuchukwu; Matty Rea, Timoney, McNabney. Replacements: Stewart, Reid, Wilson, Dalton, Treadwell, Shanahan, Morgan, McCann.
Yahoo
22-04-2025
- Entertainment
- Yahoo
Rixo Teams With Dragon Diffusion on Accessories Collaboration
Rixo is upping its accessories game. This spring, the London-based, vintage-inspired fashion brand is debuting its first stand-alone accessories collaboration of perfect-for-summer — and festival season — belts and handbags with Dragon Diffusion. More from WWD David Beckham's Collection for Boss Revealed EXCLUSIVE: WME Veteran Launches Talent Agency Meant to Exalt Diverse Beauty and Fashion Creatives How The Lycra Company and Qore Are Scaling Sustainable Innovation With Bio-Derived Fibers 'This marks a really exciting moment of growth for our accessories category. At Rixo, we believe accessories are what really make an outfit yours — they bring personality and individuality to a look. This collab is just the beginning of what we hope will be a much bigger story for Rixo accessories,' Orlagh McCloskey, cofounder and creative director, told WWD of the seven-piece, limited-edition collection. She added that both brands' shared love of vintage design, timeless style and heritage techniques that are reflected through the assortment of handcrafted, woven leather bags and belts. McCloskey said the styles in particular were already true staples within her wardrobe, which inspired the brands to partner together to create their own specialized, artisanal versions. 'These pieces aren't trend-driven or overly branded — they're effortlessly chic, understated but impactful. That's something we really wanted to champion with this collection: the kind of accessories you can wear every day, that feel [like] you, but are still elevated. Dragon Diffusion brought their unmatched craftsmanship and weaving expertise, and we brought the bold, vintage inspired Rixo spirit. The result is something really special — pieces that are versatile, textured, and have that effortless, thrown-together charm we always strive for,' McCloskey said. Key styles of the Rixo x Dragon Design collection includie the travel-friendly Amoria handbag, available in green, tan and black colorways; the Lucine basket bag, which comes in classic tan and deep brown hues, and the '70s boho-inspired Roxella leather belt in black and tan. The collection, priced $200 to $520, will be available for preorder starting May 2 on the brand's e-commerce site, and additionally available for purchase starting May 12 at Rixo's stores in London and New York City. Best of WWD Gigi Hadid Turns 30: Her Style Evolution Through the Years, PHOTOS Every Celebrity Skims Campaign: Donovan Mitchell, Patrick Schwarzenegger, Abby Champion and More [PHOTOS] Victoria Beckham's Style Through the Years: From Her Spice Girls Era to Today [PHOTOS]
