October 2023

Odisha state in India accepts Trimetro Garments' proposed clothing unit

Odisha state in India accepts Trimetro Garments’ proposed clothing unit

Leave a Comment / Manufacturing Industry / By

Recently, the state of Odisha in India authorized 19 investment projects totaling 3,663 crore. One of the projects is to establish a clothing manufacturing facility. According to a press release, Trimetro Garments India Pvt Ltd, a subsidiary of the Hong Kong-based Epic Group, plans to invest 376.85 crore to build an apparel manufacturing facility in …

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Margin pressure among European ports operators Fitch Ratings

Margin pressure among European ports operators; Fitch Ratings

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Following macroeconomic headwinds, European seaport operators are facing a combined problem of growing expenses and declining revenues, which will reduce their margins in the short and medium terms, according to Fitch Ratings. The longer-term economic rebound and sustained tariff rises, which will support the rating agency’s expectation of a gradual recovery of profitability. From its …

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Global net-zero emissions are feasible by 2050, but urgent effort is required IEA

Global net-zero emissions are feasible by 2050, but urgent effort is required: IEA

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According to a new edition of the International Energy Agency’s (IEA) historic Net Zero Roadmap, achieving net zero greenhouse gas emissions from the global energy sector and keeping global warming to 1.5 degrees Celsius is still possible. However, momentum needs to pick up quickly in many areas. According to the IEA, the roadmap emphasized the …

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US exports are expected to increase, trade indicators are solid, and recession fears have decreased; Deloitte

US exports are expected to increase, trade indicators are solid, and recession fears have decreased; Deloitte

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A Deloitte analysis found that although the economy is slowing, GDP still appears to be increasing faster than its long-run potential—the growth rate that can be sustained over the long term—which means that recession worries in the United States are diminishing. Two-thirds of the participants in the National Association for Business Economics Policy Survey conducted …

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