Global trade growth strong but at risk if conflict escalates, WTO says
Trade in goods will grow 4.4 percent this year after a decade averaging 3.0 percent a year following the financial crisis. Last year it grew 4.7 percent –…
Greenpeace utilizes geolocators to reveal minimal reuse of donated clothing
After monitoring donated clothing for four months, only one item’s reuse has been confirmed, purchased from a second-hand store in Romania. This move by Greenpeace coincides with Black…
H&M’s Creator Studio launches fabric printing solution for AI-generated graphics
The service gives users the chance to create graphics and illustrations using generative AI, and to print them on merchandise available in a variety of predefined styles. According…
L’Oréal opens new headquarters in Madrid
The company has chosen a “hybrid work model in which employees do not have a fixed location”, but can roam throughout the day and settle in spaces that…
China’s Alibaba to invest $15.5 billion towards -common prosperity-
Beijing has been encouraging companies to share wealth as part of the effort to ease inequality in the world’s second-largest economy. Other companies that have made similar announcements…
China’s young spenders say #ditchyourstuff as economy sputters
For a growing number of Chinese like Tang, hit by job losses, furloughs and salary cuts, the consumer economy has begun to spin in reverse. They are no…
China vows countermeasures as U.S. issues extensive tariff list
The U.S. government hours earlier unveiled a detailed breakdown of some 1,300 Chinese industrial, transport and medical goods that could be subject to 25 percent duties, ranging from…
Technology becomes essential for managing luxury and fashion supply chains
The luxury and fashion industry is currently facing a cascade of problems and disruptions that are making the system much more unstable, especially in the upstream portion of the chain. Just as the market was moving towards…
Pitti Uomo 105 gets off to a moderately optimistic start with a focus on made in Italy
In particular, the minister highlighted the Italian government’s plan to promote creativity, traditional craftsmanship and local manufacturing by celebrating Made in Italy in all its forms. Among the…
Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis say sources
Debt-laden Shandong Ruyi Technology Group (Ruyi) bought control of The Lycra Company (Lycra) from U.S. conglomerate Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for…