Economy News

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 and continued supply chain disruptions, according to the latest2026 African Trade...

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...

Nigeria Textile Import Ban Proposal Raises Concerns Over ₦10 Trillion Garment Industry

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Nigerian Senate’s proposal to ban...

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Uzbekistan and Yunus Textile Mills Sign MoU to Explore Joint Home Textile Production

In a significant move to strengthen bilateral textile cooperation, a high-level delegation from Uzbekistan, led by Akobir Tukhtaev, Deputy Chairman of the Chamber of...

Turkey Invests $173 Million in Spain Across Key Sectors

At the Türkiye-Spain Roundtable Meeting held in Istanbul, Turkish Minister of Trade Ömer Bolat announced that Turkish companies invested approximately $173 million in Spain...

Vietnam and India Seek Stronger Textile Cooperation Amid Growing Trade Potential

At an online seminar held on May 23, Vietnamese and Indian industry leaders called for deeper cooperation in the textile and garment sectors, highlighting...

CIDPEX 2025 Concludes Successfully: Over 50,000 Visitors Celebrate Innovation in Disposable Hygiene Industry

The 32nd edition of the China International Disposable Paper Expo (CIDPEX 2025) successfully concluded on April 18, marking another record-breaking milestone for the global...

Egypt’s Textile Sector Booms with Foreign Investment and Competitive Edge

Egypt is rapidly emerging as a global hotspot for textile manufacturing, driven by a surge in foreign direct investment (FDI), attractive production costs, and...

Textiles Recycling Expo 2025: BASF and trinamiX Present Solutions Supporting Textile Circularity

trinamiX showcase its mobile solution for reliable textile identification, including the new handheld spectrometer trinamiX PAL Two BASF presents loopamid®, the recycled polyamide...

US Textile Industry Supports Move to End De Minimis Trade Loophole for All Countries by 2027

The U.S. textile sector has voiced strong support for a new provision included in the House Ways & Means Committee’s budget reconciliation bill that...

Kenya Turns to EU for Export Growth Amid Trump Tariffs

As U.S. tariffs under President Donald Trump's administration continue to challenge African economies, Kenya is intensifying efforts to expand its export footprint in Europe...

American Circular Textiles Urges Biden Administration to Prioritize Domestic Textile Infrastructure in Trade Policy

American Circular Textiles (AMCIRC) has called on the U.S. administration to place textiles at the forefront of trade and industrial policy, warning that the...

India Eyes $100 Billion Textile Export Goal with Strategic Roadmap by Primus Partners

Primus Partners, a leading Indian consulting firm, has launched an ambitious strategic roadmap to propel India’s textile exports to USD 100 billion over the...
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