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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Sri Lanka Strengthens Its Position as a Strategic Apparel and Logistics Gateway Connecting Asia, Africa, and Europe

Hellmann Worldwide Logistics and MAS Holdings have announced the development of a new dedicated fashion logistics hub in Sri Lanka, marking a significant investment...

Sweden Targets Türkiye’s Textile Future At ITM 2026

Following the opening of its new showroom and test centre in Sweden, imogo will be introducing its groundbreaking new Dye-Max spray dyeing technology to...

Experts Urge Africa to Leverage China’s Zero Tariff Opportunity

Trade experts are calling on African nations to move beyond raw material exports and accelerate industrialisation following China’s expanded zero-tariff policy for African goods. The...

Rieter at ITM 2026: Spinning Redefined with Automation and Intelligence

Barmag and Rieter exhibit side by side Barmag showcase innovations across all man-made fiber processes Towards the fully automated spinning mill with automation...

China Expands Zero-Tariff Access to 53 African Countries

China has fully implemented zero-tariff treatment for 53 African countries, marking a significant milestone in global trade relations and opening new opportunities across multiple...

Inside Iran’s Mersin Trade Corridor: Costs, Constraints and the New Economics of Sanctions

A Supply Chain Forced Into Reinvention Iran’s trade system is no longer defined by efficiency metrics such as speed or cost optimization. Under escalating geopolitical...

Jeanologia brings its AI “Billy” to Kingpins Amsterdam and redefines vintage denim with its “Future Vintage” vision

“Billy” turns any image into a production-ready laser design in just minutes, directly connecting inspiration and execution. With the ‘Future Vintage’ collection, Jeanologia...

Türkiye Raises the Bar for Textile and Trade Exports to the Arab League

Türkiye is intensifying its trade ambitions with Arab League member states, aiming to significantly expand export volumes and strengthen long-standing economic ties. During a...

Türkiye’s Economic Momentum Signals New Opportunities for Global Investors

Türkiye is entering a decisive phase in its economic trajectory, combining strong foreign direct investment (FDI) growth with a renewed position as one of...

EIB Sets Sights on Production and Export Growth in 2026 Amid Global Uncertainty

Despite a challenging global economic environment, the Aegean Exporters' Associations (EIB) has reaffirmed its commitment to strengthening Türkiye’s production capacity and export performance in...
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