Walmart Requests Chinese Suppliers for Significant Price Reductions Amid Trump Tariffs Amid the ongoing trade tensions between the United States and China, major retail giant Walmart has taken a bold stance by asking its Chinese suppliers for substantial price cuts. The request comes as a response to the tariffs imposed by the Trump administration, affecting […]
Malaysia works with US and Singapore on Nvidia chip probe
Malaysia Collaborates with US and Singapore in Nvidia Chip Probe Malaysia, a key player in the semiconductor industry, has found itself at the center of a significant investigation involving US-sanctioned AI chips. Recent reports suggest that these chips, developed by the renowned tech giant Nvidia, may have been illicitly shipped through Malaysian territory. The revelation […]
Abercrombie & Fitch Deepens Retail Gloom With Tepid Forecast, Shares
Abercrombie & Fitch Faces Challenges in the Retail Landscape Abercrombie & Fitch, a renowned name in the fashion retail industry, has recently painted a somber picture for its future. The company has forecasted weaker annual sales growth, sending ripples of concern through the market. This announcement comes hand in hand with a warning of softer […]
European Commission unveils major clean industry support package
European Commission’s Bold Move towards Green Industries: A Major Clean Industry Support Package Unveiled In a significant stride towards a sustainable future, the European Commission has recently revealed a comprehensive clean industry support package aimed at bolstering the green sector. With Brussels spearheading the initiative, the package seeks to advocate for long-term renewable energy support […]
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation In a significant development, an Italian court has lifted the supervision of a Dior unit over allegations of labor exploitation. This decision comes after the luxury fashion house faced scrutiny when Italian prosecutors linked it to sweatshops on the outskirts of Milan. The company, known […]
The EU’s Retreat on Sustainability Regulations, Explained
The EU’s Retreat on Sustainability Regulations, Explained The European Union has long been a global leader in pushing for sustainability regulations across various industries, including fashion. However, a recent move by the EU to relax stringent sustainability rules has raised eyebrows and sparked debate within the business world. The proposed changes would ease the burden […]
China accuses Taiwan of selling semiconductor industry to the US
The Escalating Tech War: Taiwan Denies Accusations of Selling Semiconductor Industry to the US In the ever-evolving landscape of global politics and technology, accusations and denials have become commonplace. The recent claim by China, accusing Taiwan of selling its semiconductor industry to the United States, has sparked controversy and raised concerns about the future of […]
Expanding Global Trade Opportunities at Istanbul Fashion Connection
Expanding Global Trade Opportunities at Istanbul Fashion Connection In the ever-evolving landscape of global trade, the fashion industry is constantly seeking new opportunities to diversify its supply chain and manufacturing hubs. Geopolitical tensions, rising costs, and sustainability concerns have prompted industry players to explore alternative sourcing destinations. One such hub that is gaining prominence on […]
The Debrief | Why Can’t Fashion Fix Its Labour Exploitation Problem?
The Debrief | Why Can’t Fashion Fix Its Labour Exploitation Problem? Sustainability editor Sarah Kent, executive editor Brian Baskin, and senior correspondent Sheena Butler-Young recently sat down to tackle a pressing issue plaguing the fashion industry: labor exploitation. Despite numerous exposés and promises of reform, the sector continues to grapple with systemic issues that harm […]
Used Clothes Pile Up as Ghana’s Kantamanto Market Struggles to Rebuild After Fire
Used Clothes Pile Up as Ghana’s Kantamanto Market Struggles to Rebuild After Fire In the heart of Ghana’s capital, Accra, lies Kantamanto Market, a bustling hub known for its vibrant secondhand clothing trade. However, the market faced a devastating blow on January 1st when a ferocious blaze engulfed its premises, leaving behind a trail of […]