International

Covestro of Germany and Adnoc begin formal negotiations

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The Board of Management of Covestro AG (“Covestro”), after consulting with the Supervisory Board, has decided to enter into formal negotiations with Abu Dhabi National Oil Company (“Adnoc”) regarding a potential transaction and the potential conclusion of an investment agreement. Additionally, the Board has decided to allow for an adequate exchange of company information to …

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EU textile regulations will function more effectively if trade partners take action.

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Panelists at a meeting last month in Brussels stated that EU restrictions on waste exports and textiles will be more successful if they are accompanied by initiatives to increase the capacity of producers in important EU textile trading partners, such as India. This is particularly true for small-scale producers, who adhere to the majority of …

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A cooperative initiative is launched by BUFT, University of Groningen, and BAE

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The Bangladesh Apparel Exchange (BAE), the University of Groningen in the Netherlands, and BUFT worked together to develop the “Circular Textile Hackathon,” an innovative program, at the permanent campus of BGMEA University of Fashion and Technology in Nishatnagar, Turag, Dhaka. This project, which is supported by the Dutch Agency for Entrepreneurship (RVO) and is a …

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April retail sales in the UK are down due to the wet weather reducing customer foot traffic

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The Office of National Statistics (ONS) released data showing declines in sales volumes in a number of industries, including clothes, which fell short of the 0.2% loss observed previous month. The biggest afflicted non-food businesses had a 4.1% decline in sales; these included apparel outlets and producers of sporting goods. Online merchants experienced a 1.2% …

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The May bulletin from Copenhagen Fashion Week explores the state of EU politics

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The May policy bulletin from Copenhagen Fashion Week delves deeply into the European policy environment and its consequences for the fashion sector. The bulletin concentrated on the significant agreements ratified, such as the Corporate Sustainability Due Diligence Directive, the Packaging and Packaging Waste Regulation, and the ESG Ratings Regulation, in light of the European Parliament’s …

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K3 Fashion Portfolio introduces a product description generator powered by AI

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K3 Fashion Portfolio has furthered its position as the leading fashion-focused ERP platform by announcing the release of an AI-enabled product description generator in its flagship K3 Fashion solution. The most recent solution uses AI to completely transform how fashion firms manage and describe their products. It improves productivity and scalability through the smooth integration …

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The approved Export Policy Draft 2024–2027 intends to accomplish the FY ’27 export goal of US$110 billion

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The goal of the policy is to export items valued at US $110 billion in FY ’27. The approval resulted from the eighth CCEA meeting of the year, which was chaired by Finance Minister Abul Hassan Mahmood Ali and took place today in the Bangladesh Secretariat’s Cabinet Division conference room. Following the meeting, Md. Mahmudul …

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Businesses in Vietnam are urged to use carbon credits and go green

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Experts emphasized that companies need to implement tactics and plans to boost their competitiveness and develop new technologies for environmentally friendly and sustainable production, which would provide carbon credits. Vietnamese firms are becoming more interested in the global carbon credit market, according to Dr. Nam Nguyen, general director of KLINOVA Climate Innovation Consulting and Services …

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An incredible number of people attend the Varanasi Lenzing Conclave

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At The Lenzing Conclave in Varanasi on April 26, the Lenzing Group, a leading producer of wood-based specialty fibers worldwide, showcased their cutting-edge TENCEL & LENZING ECOVERO fibers for traditional wear applications. The exhibition showcased the newest fiber possibilities that are influencing the traditional wear textile industry’s future in the region. The Banarasi sarees made …

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