As Capri Holdings Ltd. nears the sale of its Italian luxury brand, Versace, to Prada SpA, its shares have surged. The deal, valued at up to €1.5 billion (US$1.6 billion), marks a significant shift in the luxury landscape. Before Monday’s trading session in New York, Capri’s stock rose by as much as 9.6%, while Prada’s […]
Recent reports showed a significant growth in the steel manufacturing sector of India, with Sajjan Jindal signing a Memorandum of Understanding (MoU) with South Korea’s POSCO Group. This partnership aims to establish an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). “This JV also entails collaboration for […]
Dr. Ronald J. O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies at Missouri University of Science and Technology, has been honored with the 2025 Tadeusz Sendzimir Memorial Medal for Innovation in Steel Manufacturing Technology by the Association for Iron & Steel Technology (AIST). O’Malley earned a Ph.D. in metallurgy from Massachusetts Institute of […]
In a move to harmonize cultural heritage with modern sustainability, UNESCO has launched the “ICH as Fashion” initiative, placing a strong emphasis on sustainable fashion practices. This initiative aims to connect intangible cultural heritage (ICH) with the global fashion industry, promoting environmentally and socially responsible approaches. The Chuxiong Municipal Government and the UNESCO Regional Office […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
