Economy News

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed a new trade incentive program aimed at strengthening domestic manufacturing, expanding...

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

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From Pre-Treatment To Finishing: Textile Chemicals & Dyes At Techtextil Frankfurt 2026 For The First Time As A Separate Product Area

From fibre production to coating: For the first time, Techtextil bundles the range of exhibitors in the field of Textile Chemicals & Dyes in...

The Belgian Textile Industry in 2023: Stability Amid Challenges

Turnover Holds Steady Despite Declines in Volume In 2023, the Belgian textile industry managed a stable turnover, recording €5.1 billion—a slight drop of 0.4% compared...

Turkish Furniture, Paper, and Forestry Products Industry Expands Its Export Reach to Africa

In a strategic push to broaden export markets, the Istanbul Furniture, Paper, and Forestry Products Exporters' Association has initiated the “Mauritania-Senegal General Trade Delegation”...

Exploring the Future of Textile Machinery: Insights from Alex Zucchi at ITMA Asia + CITME 2024

Today, we had the privilege of interviewing Mr. Alex Zucchi, President of CEMATEX (the Association of European Textile Machinery Manufacturers), during the ITMA Asia...

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months • Sales of CHF 163.3 million in the...

Voltalia and TAQA Arabia Partner to Boost Egypt’s Green Energy and Hydrogen Production

Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement to develop a cluster that combines...

Egypt Aims to Triple Foreign Direct Investment to $30 Billion

In a bold move, Egypt's newly formed cabinet has set an ambitious target to triple foreign direct investment (FDI) from last year’s record $10...

20% Wage Increase for Tunisian Textile Workers Agreed for 2024-2026

In a significant development for the Tunisian textile industry, workers are set to receive a 20% wage increase spread over the next three years....

READY TO SHOW at MILANO FASHION & JEWELS at FIERA MILANO-RHO Hall 10

READY TO SHOW was created as the first sourcing tradeshow in Italy to give international producers of apparel, knitwear and fashion accessories direct access...

Shrinkage in EC and Decrease in Turkish Export

The contraction in European economies also caused damage to the exports of Turkey, one of the main suppliers of the region. The cost of...
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