Sri Lankan president seeks to win back EU relief on garment exports
With annual exports of around $5 billion, the Sri Lankan industry produces garments for some of the world’s most popular brands, such as Victoria’s Secret, Tommy Hilfiger,…
Petra Diamonds appoints new CEO, share price rises
The news helped lift its shares more than 8 percent by 1010 GMT. The broader mining market was little changed.Analysts said appointing Richard Duffy, who has held…
U.S. consumer spending weak in January; inflation muted
The report from the Commerce Department on Friday also showed price pressures muted in January, with a measure of overall inflation posting its smallest annual increase in…
RMG industry’s role integral to Bangladesh’s economy
Improvement in the quality of education, increasing workers’ vocational skills and providing access to finance can lead to the growth of multiple other sectors such as tourism,…
U.S. holiday shopping season best in six years
The data follows Amazon.com Inc’s announcement of a “record-breaking” selling season, with the online retail giant shipping a billion items for free through its Prime membership in…
Italy- children’s fashion revenues up 2.8% in 2016
In comparison to the men’s and women’s market, which in 2016 recorded revenues of 10 and 13 billion euros, respectively, the kid’s apparel market in Italy is…
UK inflation rises as usual fashion clearance sales are muted
Annual consumer price inflation rose to 1.0% in July from 0.6% in June, the Office for National Statistics said. That was above all forecasts in a Reuters poll…
Oxfam launches campaign as new study reaffirms fashion’s climate threat
According to a study commissioned by the charity, the UK’s fast-fashion sector is not only creating a waste problem, but also contributing to climate change. Oxfam said new…