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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West Asia Conflict Pushes India’s $174 Billion Textile Industry Toward Crisis

India’s textile and apparel industry, valued at approximately $174 billion, is facing mounting pressure as geopolitical tensions in West Asia continue to disrupt global...

Efficiency Meets Sustainability: TVE ESCALE’s Advanced Textile Finishing Solutions

Spain’s textile technology sector continues to deliver innovative solutions in response to global sustainability challenges. With increasing pressure on manufacturers to reduce water and...

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...

CHT Group will be showcasing intelligent specialty chemical solutions for technical textiles at Techtextil 2026

At this year's Techtextil in Frankfurt on the Main, the CHT Group will be presenting its comprehensive portfolio of tailor-made specialty chemicals and process...

Nigeria signs Intra-African Trade Fair 2027 host agreement; gears up for Africa’s biggest marketplace

The Federal Republic of Nigeria has today signed the host agreement for the fifth Intra-African Trade Fair 2027 (IATF2027), taking over the baton from...

Security Concerns in Mexico Raise Questions Ahead of EXINTEX 2026

As EXINTEX 2026 prepares to open its doors from March 10–13 at the Puebla Exhibition and Convention Center, recent security developments in Mexico have...

Premium Products International, Inc. Expands Turkish Towel Sourcing Programs

Premium Products International, Inc. (PPI), a U.S.-based global sourcing and market development company, is scaling up its towel sourcing operations in Türkiye to meet...

Antwerp Declaration Community Urges EU Leaders to Deliver Emergency Measures as Europe’s Competitiveness Crisis Deepens

Representing the European textile and fashion industry, joins the Antwerp Declaration Community’s call on EU Heads of State and Government to adopt emergency measures...

Donald Trump Signs Executive Order Targeting Iran’s Trade Partners with Potential New Tariffs

US President Donald Trump has signed an executive order that could impose additional tariffs on imports from countries that directly or indirectly purchase goods...

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,...
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