Economy News

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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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...

Iran-China trade falls 40% in 4 months yr/yr

Iran’s trade with its top trading partner China reached $5.26 billion in the first four months of 2020, 40 percent less than the same...

Carpet Museum to Host Meeting on Medallion Patterns

The Carpet Museum of Iran will host an online meeting on Monday on medallion patterns of the carpets woven in the central city of...

Ethiopia: COVID-19 and the Economic Impact in Ethiopia

Today, we face a major economic upheaval particularly more severe than we have ever witnessed before. The coronavirus pandemic is a different kind of...

Tunisian Textile Industry To Reduce Its Carbon Footprint

The Tunisian Textile and Clothing Federation (FTTH) recently organised a seminar on the recovery and recycling of post-industrial waste in the clothing sector. It was...

South Africa , Textile Industry Agrees On Temporary Relief for Employees

By Tania Broughton / Allafrica.com Regulations giving effect to the government's commitment to assist ailing industries and workers through the Unemployment Insurance Fund are being...

Why Morocco is an Attractive Place for Textile Exhibition Organizers?

By: Behnam Ghasemi - Kohan Textile Journal Over the past five years, a growing number of fashion and textile exhibitions have been organized in Morocco...
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