International

$42.6 billion is spent on climate finance by the World Bank in FY2024

Forty-four percent of the $97 billion in finance provided by the World Bank in FY24 went toward climate projects. WASHINGTON: During the fiscal year 2024, which ran from July 1, 2023, to June 30, 2024, the World Bank Group provided a record $42.6 billion in climate finance. This funding supported initiatives to alleviate poverty on …

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US internet businesses pushed to enforce policies against selling pilfered goods

Online merchants such as Amazon, eBay, and Facebook Marketplace have been encouraged by US Representative Abigail Spanberger to provide information about their efforts to prevent the resale of stolen items on their platforms. According to projections from the US Department of Homeland Security, organized retail crime (ORC) will result in increased costs for the average …

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Loblaw offers low-cost shopping in Ontario with its No Name stores

Loblaw Companies Ltd. (TSX: L), also known as “Loblaw,” declared that it would be testing a value-based no-name store model in three markets in Ontario. The no-name store will help consumers save up to 20% on necessities for the home and groceries by reducing operational costs and stocking only a carefully chosen selection of goods. …

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Shanghai’s Yarn Expo Autumn, with more than 500 exhibitors, opens next week

Five days remain until the Shanghai fair opens, and in that time, exhibitors, guests, and industry insiders from near and far are getting ready to network and close deals on the show floor. Over 500 suppliers from 15 nations and regions will come together under the India Pavilion, Pakistan Zone, and numerous other zones, including …

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The second-highest year for the production of dry freight containers will be 2024

The UK-based maritime research consultancy Drewry says that 2024 will be the second-highest year ever for the manufacturing of dry freight containers. This is due to the record-breaking production of dry freight and reefer (refrigerated) containers in the second quarter (Q2), as well as the output of dry freight and reefer containers exceeding 850,000 TEU …

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Modern humanoid robots are the main attraction at WRC

Aug. 23, Beijing (APP): At the 2024 World Robot Conference (WRC), the state-of-the-art humanoid robots took center stage on Friday. They unveiled over ten innovative robotics products and highlighted Yizhuang’s significant position as a global leader in robotics innovation. The five-day conference, which got underway on August 21 in Yizhuang, Beijing, revealed a number of …

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Bangladesh is home to 60 of the top 100 LEED-certified factories worldwide

Currently, 60 of the top 100 factories in the world, as accredited by the Leadership in Energy and Environmental Design (LEED) program, are located in Bangladesh. The United States Green Building Council (USGBC) recently awarded LEED certification to two more garment factories, Saadatia Sweaters Ltd in Ashulia, Dhaka, and Executive Greentex Ltd in Sreepur, Gazipur. …

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IEA projects that global electricity demand will increase by 4% by 2025

According to a new IEA research, the world’s demand for electricity is growing at its quickest rate in years due to strong economic growth, extreme heatwaves, and the growing adoption of energy-powered devices like heat pumps and electric vehicles. Global power consumption is expected to rise by roughly 4% annually through 2025, continuing its strong …

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Dubai Fashion Week will showcase more than thirty global companies

Spring/Summer (SS) 2025 season’s Dubai Fashion Week (DFW) will take place from September 1–7, 2024 in Dubai Design District (d3), with a broader citywide events calendar. DFW will present ahead of New York Fashion Week and set the tone for the global fashion calendar. Dubai Fashion Week, co-founded by the Arab Fashion Council, Dubai Design …

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Northumbria and National Textile University with Partners Launch Banana Waste-to-Energy and Textile Project

Northumbria University academics are now working with partners in Pakistan and the UK to develop a novel solution that will utilize this waste product and benefit the community at large. The project partners are working together to develop a novel two-part system. The first portion will employ new technology to turn banana trash into textile …

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