President Donald Trump met U.S. Steel Chief Executive David Buritt at the White House on Thursday as the struggling steelmaker continued to advocate for a decision on its long-awaited takeover by Japan’s Nippon Steel. A $14.9 billion bid for U.S. Steel by Nippon Steel was blocked last month by former President Joe Biden. Trump has […]
As trade tensions between China and the United States intensify, Puma is shifting its supply chain, sourcing more from countries like Vietnam and Indonesia for the US market, according to CEO Arne Freundt. The ongoing economic conflict between the world’s two largest economies has escalated, with the Trump administration imposing 10% tariffs on China, prompting […]
Gucci has announced the departure of Sabato De Sarno, who is stepping down as creative director just two years after his appointment. De Sarno succeeded Alessandro Michele in 2022, taking on the challenge of revitalising the brand amid slowing sales. A graduate of Milan’s Istituto Secoli, De Sarno built his career behind the scenes, having […]
In a notable development for former President Donald Trump and his administration’s stance on energy policies, oil giant Shell has announced its decision to withdraw [1] from the Atlantic Shores Offshore Wind Project located off the coast of New Jersey. This decision follows an executive order issued by Trump that temporarily halts offshore wind lease […]
Nissan Motor Co., Ltd. announced its new plans of expansions with the use of low-CO2-emission steel manufactured in Japan, to reduce the proportion of low-CO2-emission steel Nissan uses in Japan in fiscal year 2025, which is expected to increase by a factor of five compared to fiscal year 2023. Nissan says that they aim to […]
Japanese biotech company Spiber Inc. is revolutionizing the textile industry with Brewed Protein™ fiber, an innovative biofabricated material made through fermentation. Spiber’s Brewed Protein™ material platform, inspired by nature’s diversity and circularity, aims to create novel solutions for sustainable well-being. Spiber uses precision fermentation to manufacture proteins at the molecular level, producing flexible materials that may be adapted […]
As sustainability gains momentum in fashion, leading brands have partnered with Fashion for Good to launch Closing the Footwear Loop, an initiative focused on advancing circularity in the footwear industry. The project aims to shift the industry away from the traditional take-make-dispose model towards a circular economy. With approximately 23.8 billion pairs of shoes produced […]
