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Chinese company to invest $30 mn for textile project in Egypt

  • December 19, 2024
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19 Dec
Chinese company Kelida invests $30 million in a textiles project with Suez Canal Economic Zone (SCZONE). It will export 90 per cent of ...

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ICE cotton struggles against rising dollar, falling soybean market

  • December 19, 2024
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19 Dec
ICE cotton prices continued their downward trend for the fourth consecutive session, influenced by declining soybean futures and a stro...

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Noticeable slowdown in Turkish inflation to continue in 2025: Minister

  • December 19, 2024
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19 Dec
Turkish finance minister Mehmet Simsek has said a noticeable slowdown in inflation has started in many areas and the trend will continu...

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India’s Birla Cellulose earns top ranking in Hot Button Report

  • December 19, 2024
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19 Dec
Birla Cellulose, Aditya Birla Group's MMCF business, has topped Canopy’s 2024 Hot Button Report for sustainable wood sourcing, earning ...

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US Fed cuts key interest rate by 0.25%; unemployment rate remains low

  • December 19, 2024
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19 Dec
The US Federal Reserve (Fed) yesterday cut interest rates by 0.25 per cent and indicated a slower pace of cuts in the future. The econo...

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GAO urges US govt agencies to collaborate on textile waste management

  • December 19, 2024
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19 Dec
The US Government Accountability Office (GAO) has found that efforts by most federal entities to reduce textile waste and promote texti...

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Nov 2024 US container imports show softer seasonal decline: Descartes

  • December 19, 2024
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19 Dec
For the first time in four months, US container imports in November dipped below 2.4 million TEUs—a threshold that has historically str...

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ZEW Indicator shows improved economic sentiment for Germany

  • December 19, 2024
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19 Dec
The ZEW Indicator of Economic Sentiment for Germany rose to 15.7 points in December 2024, up 8.3 points from the previous month, reflec...

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EU Commission clears Italian aid for renewable electricity production

  • December 19, 2024
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19 Dec
The European Commission has approved a $10.18-billion Italian scheme under the State aid Temporary Crisis and Transition Framework to s...

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China’s textile & garment exports up 2.2% to $267 bn in Jan-Nov

  • December 19, 2024
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19 Dec
In the first 11 months of 2024, China's exports of textiles, garments, and accessories reached $273.059 billion, marking a slight incre...

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