Nayab Islam

SATORP and TAQA & JERA collaborate on a cogeneration project in Saudi Arabia

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To develop a greenfield industrial steam and electricity cogeneration plant that will produce electricity and steam for the Amiral petrochemical complex that is to be developed in Jubail, the Eastern Province of the Kingdom of Saudi Arabia, Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the …

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Global fashion titans are at peril from water hazards: Report

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According to a recent research by Planet Tracker, major international fashion companies and retailers, such as Adidas, Gap, H&M, Inditex, Levi Strauss, Nike, PVH Corp, Ralph Lauren, and VF Corp, are becoming increasingly concerned about hazards associated to water. The research urges businesses and investors to take immediate action and include water risk management into …

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In Q1 2024, the manufacturing sector in ASEAN grows: S&P International

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S&P Global reports that as of the end of the first quarter (Q1) of 2024, the manufacturing sector within the Association of Southeast Asian Nations (ASEAN) was growing at an accelerated rate. The main S&P Global ASEAN manufacturing purchasing managers’ index (PMI) rose from 50.4 in February to 51.5 in March, indicating the strongest improvement …

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According to ThredUp, the market for used clothing will grow to US$ 350 billion by 2028

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The annual “Resale Report” published by online resale platform ThredUp projects that the global market for used clothing will increase at a compound annual growth rate (CAGR) of 12% and reach US$ 350 billion by 2028. This year’s data, co-published with GlobalData, highlights how the used clothing market is expanding at a quicker rate than …

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Diverse EU policies and obstacles to US non-market practices: USTR

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The 2024 National Trade Estimate Report on Foreign Trade Barriers (NTE Report), recently released by US trade representative Katherine Tai, identifies significant foreign trade barriers, including obstacles to US agricultural exports, lack of uniformity in the European Union (EU), non-market policies and practices, and data policies furthering state intrusion. Cross-cutting barriers that impact US agricultural …

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OEKO-TEX, a Swiss organization, raises standards through thorough quality inspections

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OEKO-TEX, a renowned organization in Switzerland that provides cooperative solutions to partners in the leather and textile sectors, has strengthened its dedication to quality by implementing a strict set of audits and control procedures. This program demonstrates the organization’s commitment to fostering trust among its partners, in its operational procedures, and—above all—in its internationally recognized …

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The ten-year partnership between Inès de la Fressange and Uniqlo comes to an end

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After collaborating on seasonal fashion capsule collections for ten years, Uniqlo and Inès de la Fressange have chosen to part ways. The large Japanese retailer, a member of Fast Retailing, has announced that the Spring/Summer 2024 collaboration collection will be their last. The elegant Parisian style connected to the former model and French designer will …

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APS Knit Composite Limited is certified as LEED Gold

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Another Bangladeshi clothing business has obtained the Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC). The USGBC Gold LEED accreditation was awarded to Kamargaon, Pubail, Gazipur-based APS Knit Composite Limited, with a score of 71 points. There are now 214 LEED-certified factories in Bangladesh, with 80 earning …

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Envoy Textile board to welcome Epic Group

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The sibling company of the Hong Kong-based Epic Group, Epic Garments Manufacturing Company Limited, plans to join the board of the publicly traded Envoy Textile Limited. As an institutional shareholder, Epic holds a 2.65 percent ownership in Envoy Textile. Epic and the Sheltech Group jointly manufacture ready-made garment products in Bangladesh. Envoy disclosed price-sensitive information …

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The European Parliament tightens regulations regarding environmental claims

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To shield consumers from deceptive advertisements, the European Parliament has adopted a position on the creation of a verification and pre-approval mechanism for environmental marketing claims. Under the green claims regulation, businesses would have to provide proof for any environmental marketing claims they make before promoting their products as “biodegradable,” “less polluting,” “water saving,” or …

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