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Economy News

From Workshop To Global Market Leader Mahlo GmbH + Co. KG Celebrates 80 Years Of Company History

80 years of experience, innovation, and family spirit – this year, mechanical engineering company Mahlo GmbH + Co. KG from Saal an der Donau is celebrating a very special...

State-of-the-Art Needling Technology Installed by Dilo Systems GmbH at ALMA SPA, Italy

ALMA in Florence is a specialist in the floor covering sector providing high quality products in a vast...

Empowering design innovation at Robert Mackie: UKFT’s Young Textile Technician Fund

Two members of the design team at Robert Mackie of Scotland, have completed specialist training on Stoll Create...

Last Chance to Join EDANA’s Innovation Forum!

Brussels, 14th of May 2025 – The countdown is on! With just 4 weeks to go, the EDANA...

Flexi-Light PET: Outstanding, sustainable sound insulation for vehicles

Polyurethane foam has traditionally been used to reduce noise, vibration and harshness (NVH) in vehicles, contributing to passenger...

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Uzbek, Swiss banks sign loan agreement for textile project

Uzbek bank Asaka early this week signed in Zurich a syndicated loan agreement with the Swiss branch of Germany’s Commerzbank AG and the Swiss...

Sri Lanka economic relations with Yazd will improve

In a meeting with Yazd economic activists in the center of Iran, he added efforts are underway to pave the ground for investment, concluding...

Arvind to reduce 20,000 tonnes carbon emissions annually

Arvind is aiming to reduce carbon emissions by 30 per cent with the installation of rooftop solar projects across its Ahmedabad, Santej and Bangalore...

Germany promises Tunisia 7,450 jobs over 2 years

During a two-day working visit to Tunisia, German Federal Minister for Economic Co-operation and Development, Dr. Gerd Müller, announced  the signing of new declarations...

Wool prices advance at Australian wool auctions this week

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) advanced by 7ac clean/kg for the week to close at 1934ac. When measured in USD, the positive...

Soon 90% of GST payers to file quarterly return: FM

Soon, businesses comprising over 90 per cent of goods and services tax (GST) payers will be allowed to file quarterly return, finance minister Piyush...

McDermott bags ethylene furnace award in Indonesia

McDermott International, Inc has been awarded a sizeable technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT (Short...

US sets new March 2 date for China tariff rise amid talks

The US Trade Representative’s (USTR) office recently changed the scheduled date of a tariff rate rise to 25 per cent from 10 per cent on $200...

Pakistan-Italy MoU to expand economic, trade cooperation

Pakistan-Italy MoU :: Pakistan and Italy recently signed a memorandum of understanding (MoU) to enhance economic and trade cooperation in various sectors including agriculture, textile, clothing, leather,...

1st specialized free zone for textile industry in Egypt

The world’s first specialized free zone for the textile industry is under construction in Egypt’s Minya Governorate, the chief executive officer of the General...
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