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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Vietnam’s VNPOLY becomes fibre provider for Adidas

After two years of renewing commercial operations, the Vietnam Petrochemical and Fibre Joint Stock Company ‘s (VN-POLY) DTY yarn, produced along with a partner,...

SAUDI ARABIA STARTS TO FOLLOW FLEXIBLE WORK CONTRACTS SYSTEM

By : Marwa Mahmoud - LEADERS MAGAZINE The Saudi Arabia Human Resources Ministry has begun introducing the “flexible work” system contracts that allow contracting between the...

10 Apparel Categories of Cambodia Tap Growth in Exports to Usa in 2020!

Cambodia has been able to perform positively in its apparel exports to USA during January-June ’20 period! The country surged by 3.44 per cent on...

Tunisia has exported more food products and less textiles

The breakdown of trade by regime shows that exports under the offshore regime recorded a 1.6% fall in the first two months of 2020,...

Quality Thai Textiles on show

A range of exquisite Thai fabrics from across the country will take centre stage during "The Elegant Thai Textile" which is running at Charoen...

Morocco’s Unemployment Rate Reaches Highest Point Since 2001

The COVID-19 pandemic and the measures that came with it led to the loss of nearly 600,000 jobs between April and June. Rabat – Morocco’s...

ITKIB URGES GOVERNMENT FOR FINANCIAL SUPPORT

Istanbul Textile and Apparel Exporters Association (ITKIB) urged the government to provide financial support, including tax exemptions and debt delays, to help the sector...

Chinese economy bounces back into growth

China’s economy grew 3.2% in the second quarter following a record slump. The world’s second-biggest economy saw a sharp decline in the first three...

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Global Light & Electron Portfolio Digital Exhibition Date: 15 -21 September Organizer: Zhejiang Honger Convention & Exhibition Co., Ltd. • ESTABLISH UNIQUE CONTACTS with top companies in...

Global Light & Electronic: The Latest Industry Trends Without Limits!

• Portfolio Digital Exhibition (Online Exhibition) • Attend the ONLINE trade show and be the first to know the latest industry trends without limits! • 15-19...
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