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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Japanese Investment in Bangladesh Rises Strongly, Offering Major Opportunities for the Textile and Apparel Sector

Despite political tension and uncertainty following the July uprising, Bangladesh continues to emerge as a top destination for Japanese investors — with the textile...

How Turkish Textile Industry Can Rise Again: Crisis, Transformation, and a New Value Model

In the last two years, Turkey’s textile and apparel sector has been shaken by factory shutdowns, bankruptcies, shrinking export volumes and job losses. Yet...

Turkmenistan and Russia Strengthen Cooperation on Textile Customs Procedures

Trade relations between Turkmenistan and the Russian Federation are advancing to a new level with a focus on improving customs administration and declaration procedures...

Brückner Announces Strong Participation at ITMA ASIA + CITME Singapore 2025

Brückner Trockentechnik, one of the world’s most respected textile finishing machinery manufacturers, reported exceptional results at ITMA ASIA + CITME Singapore 2025. The company...

ARISE IIP Unveils Multi-Billion Industrial Development Zones Across Kenya

ARISE Integrated Industrial Platforms (ARISE IIP), a leading pan-African developer of large-scale industrial ecosystems, has officially launched its operations in Kenya, announcing multi-billion-dollar investments...

T-CAN – Revolutionizing Can Transport

In virtually all spinning mills, transporting sliver cans is still done manually. Rising labor costs, lack of operators and increasing quality requirements make this...

Zimbabwe Launches “Cotton to Clothing” Strategy to Revive Textile Industry

The Government of Zimbabwe has unveiled the “Cotton to Clothing” strategy, a comprehensive plan aimed at revitalizing the nation’s textile and apparel industry through...

ITMA ASIA + CITME Singapore 2025 Opens with a Unified Call for Innovation, Sustainability, and Global Collaboration

Singapore Welcomes the Textile Industry Home After Two Decades, Marking a New Era in Smart and Sustainable Manufacturing The highly anticipated ITMA ASIA + CITME...

H&M Group Ventures Backs Yaga in €4M Pre-Series A to Boost Global Second-Hand Fashion

Yaga, a fast-growing online resale fashion platform, has secured €4 million (about R80 million) in a pre-Series A global funding round. The investment comes...

ATTI Highlights Sustainability Progress in Turkey and Bangladesh

The Apparel and Textile Transformation Initiative (ATTI), a newly launched global program spearheaded by the International Apparel Federation (IAF) and the International Textile Manufacturers...
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