Furniture | Page 16 of 19

17DecDecember 17, 2024

Migrant workers key to global labour market, ILO urges policy changes

International migrants play a crucial role in global labour market, accounting for 4.7 per cent of the global labour force in 2022. Most migrants were employed in high-income countries, and migrant women faced higher unemployment than migrant men. The ILO report highlights the need for policies to ensure decent work, equitable opportunities, and protection for migrants. International migrants play a crucial role in global labour market, accounting for 4.7 per cent of the global labour force in 2022. Most migrants were employed in high-income...

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17DecDecember 17, 2024

TotalEnergies sells 50% of shares EPUKI, UK subsidiary of EPH

TotalEnergies has sold 50 per cent of its shares in West Burton Energy to EPUKI, UK subsidiary of EPH. West Burton Energy owns a 1.3 GW gas power plant and a 49 MW battery storage system. The joint venture will operate the plant, aligning TotalEnergies’ 700 MW flexible capacity with its renewable growth targets in the UK, supporting its goal of 12 per cent returns by 2030. TotalEnergies has sold 50 per cent of its shares in West Burton Energy to EPUKI, UK...

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17DecDecember 17, 2024

Indian textile ministry urges Uniqlo to invest in PM MITRA Parks

Japan’s Uniqlo, which has expressed a keen interest in advancing cotton production capabilities, productivity, and quality within India, was recently urged by India’s textile ministry to invest in the PM MITRA Parks. In a meeting of Uniqlo officials with textiles minister Giriraj Singh, the ministry encouraged Uniqlo to extend its R&D efforts into new natural fibres, including milkweed fibre. Japan’s Uniqlo, which has expressed a keen interest in advancing cotton production capabilities, productivity, and quality within India, was recently urged by India’s...

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17DecDecember 17, 2024

ICE cotton ends lower despite initial gains from weaker dollar

ICE cotton closed lower on Monday, affected by a weaker dollar and limited holiday trading. The March 2025 contract settled down, marking significant losses over recent sessions. With the lowest trading volume since August and unchanged contract stocks, market analysts predict subdued activity continuing into the new year. The overall market outlook remains bearish. ICE cotton closed lower on Monday, affected by a weaker dollar and limited holiday trading. The March 2025 contract settled down, marking significant losses over recent sessions. With the lowest trading volume...

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17DecDecember 17, 2024

New York-based WHP Global to acquire Vera Wang fashion brand

WHP Global has announced acquisition of Vera Wang fashion brand's IP, marking a major milestone as it builds a premium fashion vertical alongside brands like Rag & Bone and G-STAR. Vera Wang will remain founder and chief creative officer and join as a shareholder. The deal, expected to close by January 2025, strengthens WHP Global’s $7 billion portfolio in fashion and luxury. WHP Global has announced acquisition of Vera Wang fashion brand's IP, marking a major milestone as it builds a premium fashion...

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17DecDecember 17, 2024

Record number of shoppers expected on Super Saturday in US: NRF survey

A record number of 157.2 million US consumers are expected to shop on Super Saturday, last Saturday before Christmas, marking a significant increase from last year’s 141.9 million. This surge is part of a broader trend where 69.5 million shoppers plan to buy both in-store and online, while online-only shopping has also seen an uptick. NRF anticipates holiday spending to grow up to 3.5 per cent. A record number of 157.2 million US consumers are expected to shop on Super Saturday, last Saturday...

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17DecDecember 17, 2024

India’s T&A exports grow further to reach $23 bn in Nov 2024

India's textile and apparel exports continued to show growth in the first eight months of FY25, rising by 6.93 per cent to $23.331 billion. Notably, apparel exports surged by 9.81 per cent. However, overall export growth slightly slowed in November 2024 compared to the previous month. India likely benefitted from orders redirected from Bangladesh, boosting its share in global markets. India's textile and apparel exports continued to show growth in the first eight months of FY25, rising by 6.93 per cent to $23.331 billion. Notably,...

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17DecDecember 17, 2024

Inflation in Netherlands rises to 4% in November

Inflation in the Netherlands rose to 4 per cent in November 2024, up from 3.5 per cent in October, according to Statistics Netherlands. HICP showed inflation at 3.8 per cent in November, up from 3.3 per cent in October. Inflation in the Netherlands remains higher than the euro area, where it increased to 2.3 per cent in November from 2 per cent in October. Inflation in the Netherlands rose to 4 per cent in November 2024, up from 3.5 per cent in October,...

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17DecDecember 17, 2024

Clariant expands performance additives production line in China

Clariant, in partnership with Beijing Tiangang, is expanding its Cangzhou site in China with a second production line for the Nylostab S-EED additive. The new facility aims to meet growing nylon industry demand, enhancing productivity and product quality. Leaders from both firms celebrated the project, reinforcing their commitment to China's textiles and plastics sectors. Clariant, in partnership with Beijing Tiangang, is expanding its Cangzhou site in China with a second production line for the Nylostab S-EED additive. The new facility aims to meet growing...

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17DecDecember 17, 2024

US import prices up 0.1% for 2nd straight month in Nov 2024: BLS

Prices for US imports increased by 0.1 per cent for the second consecutive month in November and October this year after declining by 0.4 per cent in September and by 0.3 per cent in August. US export prices remained unchanged in November following a 1-per cent rise the previous month, and declining by 0.6 per cent in September and by 0.7 per cent in August. Prices for US imports increased by 0.1 per cent for the second consecutive month in November and...

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