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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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US’ Acme Mills unveils bio-based PLA fabrics, Natura

  • December 18, 2024
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18 Dec
Acme Mills introduces Natura, a line of bio-based PLA fabrics designed to replace petroleum-based materials like PET and Nylon. Made fr...

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Austria’s Lenzing tops Canopy Hot Button Ranking 2024

  • December 18, 2024
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18 Dec
The Lenzing Group has secured first place in Canopy’s 2024 Hot Button Ranking, earning a score of 33/40 and recognition in the ‘Leading...

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Shell to invest in Bonga North project in Nigeria

  • December 18, 2024
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18 Dec
Shell Nigeria Exploration and Production Company has made a final investment decision on the Bonga North deep-water project off Nigeria...

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Toray supports DOE’s $2 bn GRIP initiative to boost US power grid

  • December 18, 2024
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18 Dec
Toray Composite Materials America supports the DOE's $2 billion GRIP initiative to enhance US grid resilience and capacity. Toray’s car...

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