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Analysis: World's apparel, sneakers hub Vietnam struggles as US ban on Xinjiang cotton bites

Tighter U.S. rules to ban imports from China's Xinjiang are compounding pressure on Vietnam's apparel and footwear makers, hitting a sector that has already shed nearly 90,000 jobs since October.

Gap to lay off about 1,800 employees

Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a set of big U.S. companies that are downsizing in earnest as high inflation eats into consumer wallets.

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