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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What is a Textile Engineering Degree?

The material in everything from the clothes you wear to your favourite room was created by textile engineers. If you like the idea of...

Istanbul’s Iconic Grand Bazaar Reopens after Longest Closure in History

Istanbul’s iconic Grand Bazaar, a 560-year-old covered market, reopened its doors on Monday after its longest closure in history due to the coronavirus pandemic. The...

Angola: Alassola Factory to Produce 500k Masks/Month

The Alassola textile factory in Benguela, located in the centre-west of Angola, has begun large-scale production of face masks as part of the national...

Standards for washable face masks set

Turkey has set the standards for the production of washable face masks, an important step amid the coronavirus normalization process. The Turkish Standards Institute (TSE),...

Tunisia’s GDP down 1.7% in Q1 of 2020 compared to 2019

Tunisia's GDP dropped 1.7% in the first quarter (Q1) of 2020 compared to the same quarter of 2019 and 2% compared to Q4 of...

LVMH on Top of the World’s Largest Apparel Companies 2020

While retail spending in the United States took the steepest nosedive in March, industry biggies tend to be poised to thrive on the 18th...

POST COVID-19 INDUSTRY TO SHIFT TO CONSCIOUS CONSUMPTION

During Fashion Snoops’ ‘Making sustainability the new normal’ discussion last week, many fashion experts anticipated an industry-wide shift to conscious consumption in the post-pandemic...

AMAZON TO Amazon Eyes JC Penney Takeover to Redefine U.S. Retail LandscapeBUY JC PENNEY

Amazon is reportedly planning to acquire U.S. department-store giant JC Penney, a potential move that could transform the future of American retail. According to...

Is management a hereditary phenomenon?!

Ali Motman, PhD in Business Development Management Is Management an Inherent Phenomenon ?! Developed and developing countries have different views and answers to this question....

Importance of Global Markets for Domestic Producers and Global Markets Strategies

Authors: Dr. Rahman Abedinzadeh Niasser,  Vahid Agha Babaei Strategist and Management Consultant. There is a lot to be said about entering global markets and they...
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