Nayab Islam

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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Dutch STTI and Fair Wear sign an agreement to promote sustainable textile production

Dutch STTI and Fair Wear sign an agreement to promote sustainable textile production

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Through the promotion and facilitation of ethical purchasing practices and, more broadly, the effective implementation of the human rights due diligence (HRDD) framework, the Fair Wear Foundation and the Sustainable Terms of Trade Initiative (STTI), based in the Netherlands, have signed a memorandum of understanding (MoU) pledging to further strengthen their collaboration on advancing systemic …

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Gearing up for innovation in Germany Techtextil and Texprocess 2024

Gearing up for innovation in Germany: Techtextil and Texprocess 2024

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The preparations for Techtextil and Texprocess, which will take place in Frankfurt am Main, Germany from April 23–26, 2024, are well underway as attendees eagerly anticipate learning about the industry’s newest and most technologically advanced products and processes. The Innovation Awards are genuinely standouts because they are essential components of the two fairs. According to …

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Performance Days will feature sustainable apparel from Italy's Cifra

Performance Days will feature sustainable apparel from Italy’s Cifra

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Performance Days will take place from October 4–6, 2023, in Munich, Germany. The Italian manufacturer of warp knits, Cifra, will display prototypes of sportswear constructed from novel yarn combinations. The basis on which the design of the new generation of sporting clothes by Cifra is formed is sustainability in terms of materials and production process, …

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Kim Jones of Fendi exhibits the SpringSummer 2024 line in Milan

Kim Jones of Fendi exhibits the Spring/Summer 2024 line in Milan

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Acidulate yellow or bright orange contrasts with the cold color scheme and the gentle shapes. The reverse fold in a waistband, which reveals the beautiful design of tailored trousers, highlights Jones’ passion for good tailoring. According to a news release from Fendi, split skirts and leather shorts alternate with gorgeously flexible dresses made of floating …

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At Milan Fashion Week, Bosideng introduces weightless down technology

At Milan Fashion Week, Bosideng introduces weightless down technology

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At its runway exhibition during Milan Fashion Week, Bosideng, a renowned down jacket producer, demonstrated its weightless down garment technology. Bosideng’s collection combined parts of Chinese and Italian civilizations, drawing inspiration from the architecture of La Vigna di Leonardo and the Italian Renaissance. The performance, which featured themes from Leonardo da Vinci’s visions, was staged …

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Production of eco-friendly viscose is increased at a Lenzing facility in Indonesia

Production of eco-friendly viscose is increased at a Lenzing facility in Indonesia

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For its textile Lenzing Ecovero and nonwoven Veocel brands in Asia-Pacific, Lenzing Group, a market leader in the manufacturing of wood-based specialty fibers, has announced plans to enhance the production of its high-quality responsible viscose fibers. The viscose fibers, which are manufactured at Lenzing’s Purwakarta plant (PT South Pacific Viscose) in Indonesia and are EU …

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Launch of a sustainable cooperation by Better Cotton in Spain

Launch of a sustainable cooperation by Better Cotton in Spain

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By holding a multi-stakeholder event in Seville, Better Cotton, the largest cotton sustainability program in the world, has begun a strategic collaboration in Spain. Better Cotton said in a press release that the meeting included participating farmers, ginners, and other industry representatives in addition to the Inter-professional Cotton Association (Espalgodon) and the Regional Government of …

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