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55% of German power consumption comes from renewables in 2024

  • December 21, 2024
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21 Dec
Fifty-five per cent of gross electricity consumption in Germany was served by renewable energy this year. Out of the total generated el...

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Elkem & Hafslund signed long term power deal for Norway

  • December 20, 2024
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20 Dec
Elkem and Hafslund signed a long-term power deal for 2028-2035, securing 400 GWh annually in Norway's NO3 price area. This supports Elk...

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American sportswear company Nike sees sharp revenue decline in Q2 FY25

  • December 20, 2024
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20 Dec
Nike reported a decrease in Q2 FY25 revenues to $12.4 billion, a decline of 8 per cent from Q2 of the previous fiscal, with significant...

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China keeps loan prime rates unchanged

  • December 20, 2024
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20 Dec
China's one-year loan prime rate (LPR) was kept unchanged from the previous month at 3.1 per cent today. The over-five-year LPR, on whi...

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Indian UP state cabinet clears Multi-Modal Logistics Parks Policy-2024

  • December 20, 2024
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20 Dec
India’s Uttar Pradesh state cabinet has approved the Multi-Modal Logistics Park Policy-2024 that will allow companies investing in this...

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Cotton yarn market faces mixed trends in south India as demand varies

  • December 20, 2024
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20 Dec
In south India, cotton yarn prices showed a mixed trend. Tiruppur saw a slight decrease due to higher discounts offered by mills, while...

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Canadian company Reitmans’ net revenue drops 2.9% in Q3 FY25

  • December 20, 2024
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20 Dec
Reitmans (Canada) Limited (RCL) has reported a 2.9 per cent decrease in net revenues to $187.7 million in the third quarter, due to few...

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French luxury house Hermès recognised for performance in 2024

  • December 20, 2024
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20 Dec
Hermès has been recognised for its transparency, employment practices, and sustainability efforts in 2024. The company received the Gra...

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Bangladesh receives $1.16 billion World Bank financing

  • December 20, 2024
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20 Dec
The World Bank has approved $1.16 billion financing for Bangladesh to enhance health services, water and sanitation, and support climat...

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Italy’s Piana Technology achieves net zero energy with solar expansion

  • December 20, 2024
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20 Dec
Piana Technology's Nonwovens facility in Cartersville, GA, now operates at net zero energy after expanding its solar panel system, offs...

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