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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Ghana and United Nations Industrial Development Organization Advance Circular Economy Textile Innovation Centre

Ghana and the United Nations Industrial Development Organization (UNIDO) are moving forward with plans to establish a Circular Economy Innovation and Textile Testing Centre,...

Messe Frankfurt Puts Artificial Intelligence Centre Stage at Global Textile and Apparel Fairs

Messe Frankfurt has announced a major strategic shift for its international textile and apparel trade fairs: Artificial Intelligence (AI) will become a central theme...

Five Exhibition Zones Synergize at ITCPE Guangzhou 2026: Unlocking New Pathways for Intelligent, Green and High-end Textile & Garment Manufacturing

Against the backdrop of the accelerating shift toward intelligent, green and high-end development in the textile, garment, printing and embroidery industries, technological innovation and...

UNITEX Expands Filament Yarn Capacity with Fully Digital Barmag Plant

UNITEX is expanding its capacity by a further 36,000 tons per year with a new filament yarn production plant. Once again, the Vietnamese company...

At SITEX 2026, Stäubli Showcases Practical Innovation for Weaving Mills

At SITEX 2026, held from February 21 to 23 in Surat, Stäubli is demonstrating how advanced innovation translates into measurable benefits for weaving mills....

DOMOTEX South East Asia 2026 to Launch in Bangkok, Thailand

Southeast Asia is emerging as one of the most dynamic construction markets worldwide. Driven by sustained infrastructure investment and urban development, the region’s construction...

US House Backs Retroactive Extension of AGOA and HOPE/HELP Trade Programs

The African Growth and Opportunity Act (AGOA)—first enacted in 2000—expired on 30 September 2025, prompting renewed debate in Washington over the future of US...

5th Canada-Africa Business Conference to Welcome Leaders to Namibia

The 5th Canada-Africa Business Conference, convened by The Canada-Africa Chamber of Business, will take place on February 5, 2026, in Windhoek, positioning Namibia at...

Borealis Partners with BlueAlp to Advance Chemical Recycling Technology

Borealis has announced a new strategic partnership with BlueAlp, a leading chemical recycling technology company based in Eindhoven, the Netherlands. As part of the...

Uzbekistan Targets 10% Growth in Textile Production and 32% Surge in Exports in 2026

Uzbekistan plans to increase textile production by 10% and boost textile and apparel exports by 32% in 2026, according to updates presented to President...
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