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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AMEC AMETEX

UAE’s First Integrated Battery Recycling Plant Unveiled as Dubatt Invests AED 216 Million at Dubai Industrial City

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai...

Rieter: First Information on the Financial Year 2023

The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total...

Turkey-Georgia Trade Volume Aims for $5 Billion in 2024

The Foreign Economic Relations Board (DEİK) Turkey-Georgia Business Council President, Osman Çalışkan, announced that the trade volume between Turkey and Georgia is anticipated to...

Turkey Announces List of Target Countries for Export Support in 2024

In a communication received by our company from the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the Ministry of Commerce has disclosed...

Texworld NYC and Apparel Sourcing NYC Unveil Next-Level Special Features for January Event

Texworld New York City and Apparel Sourcing New York City, the largest sourcing event on the East Coast, is gearing up for a spectacular...

VITAS Aims for $44 Billion Textile & Apparel Exports by 2024 Amid Positive Growth

The Vietnam Textile and Apparel Association (VITAS) has announced an ambitious goal of reaching $44 billion in revenue from textile and apparel exports by...

Paramount Textile’s Q1 Profits Dwindle as Global Recession Stifles Export Goals

Paramount Textile Limited faced a 14% year-on-year decline in net profit during the first quarter (July-September) of fiscal year 2024, attributing the decrease to...

Denizli is on the way to be one of the driving-forces of Turkish exports

Hüseyin Memişoğlu, President of the Denizli Exporters’ Association (DENIB), announced the latest export figures for November, highlighting both challenges and opportunities in the region's...

VIEW PREMIUM SELECTION: The Exclusive Preview Textile Show is Ready to Kick off

New location, perfectly scheduled, and focused on quality: for the first time, VIEW will present Spring/Summer collections at the Dampfdom in the Motorworld Munich....

New TEXTRONIC® Lace for the most Leavers-like lace in warp knitting

KARL MAYER launches the new MT 84/1/40 S, a TEXTRONIC® Lace with fall-plate and stitch-forming Jacquard bars KARL MAYER launches a new TEXTRONIC® Lace for...
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