During the 2025 World Economic Forum [1] in Davos, Egyptian Minister of Planning and Economic Development, Rania Al-Mashat, and Samaila Zubairu, CEO of the Africa Finance Corporation (AFC), held a significant meeting to discuss renewable energy investments. As co-chairs of the Mobilising Investment for Clean Energy in Emerging Economies (MICEE) network, they focused on mobilizing […]
Shein, a global online fashion retailer, announced the launch of the Shein Foundation, a new philanthropic arm dedicated to creating inclusive and sustainable communities. In celebration of its debut, the foundation has donated €5 million (US$5.3 million) to the Africa Collect Textiles (ACT) Foundation, which will fund a pilot project in Kenya that aims to […]
Nordstrom, the Seattle-based fashion retailer, has announced plans to launch a Nordstrom Rack store in Estero, Florida, in autumn 2025. “We look forward to being a part of the Estero community and serving our customers with an amazing offering of great brands at great prices,” said Gemma Lionello, President of Nordstrom Rack. “We’re excited to […]
Hours into his second presidency, USA’s 47th President Donald Trump has signed a series of executive orders that significantly impact the renewable energy sector [1] in the United States. These orders mark a shift in energy policy, focusing on expanding fossil fuel production and rolling back previous climate initiatives. Renewable energy companies have reacted with […]
Global Fashion Agenda (GFA) and Deloitte Global have established a strategic Knowledge Collaboration to help set the global agenda on sustainability in fashion. The organizations expect that the partnership will accelerate efforts to improve the industry and create an environment that is conducive to change. The fashion and textile industries face numerous sustainability challenges. GFA […]
European Union co-founded a project named TWINGHY, aiming to introduce hydrogen as a fuel to replace natural gas in reheating furnaces in the steel sector. The project aims to create a digital twin-control furnace behavior and enhance operational efficiency. The EU-funded project, launched in 2023, will continue for three years with a budget exceeding EUR […]
Vale, a global leader in sustainable mining, has reported to take a major step toward green steel production by signing a land reservation agreement with the Royal Commission of Jubail and Yanbu in Saudi Arabia. The agreement paves the way for the development of a Mega Hub at Ras Al-Khair Industrial City, marking a strategic […]
PowerGen Renewable Energy [1], in collaboration with leading international investors, has launched a scalable renewable energy platform aimed at deploying 120 MW of renewable power and battery energy storage solutions across Africa. The initiative is poised to provide clean and reliable electricity to underserved communities, transforming socio-economic conditions across the continent. The platform is supported […]
Kendra Scott, the U.S.-based fashion and accessories brand, announced its entry into the eyewear market on Tuesday through an exclusive, long-term licensing agreement with American eyewear leader Marchon Eyewear. This collaboration will bring Kendra Scott’s first-ever eyewear collection to life, featuring both sunglasses and optical styles. The designs will reflect the brand’s signature aesthetic, characterised […]
Brazil’s steel imports marked growth by the record of 18pc in 2024, as exports declined. Reports suggest that steel imports have risen to 5.9mn metric tonnes from 5 million tons in 2023, according to the national steel industry body Instituto Aco Brasil. December imports fell by 36pc to 324,000 tonnes from the same month in […]
UK port operator Peel Ports will implement higher steel handling and storage fees at the Port of Liverpool starting April 1, citing a 10% rise in operational costs and other contributing factors. The port has recently invested in two new indoor storage facilities dedicated to steel and metals, adding to its existing sheds nine and […]
Messika, the prestigious French luxury jewellery house, has appointed Edouard Schneider as its new Chief Brand Officer, effective immediately. This strategic move aims to strengthen the brand’s global presence. Schneider will oversee Messika’s communications, brand image, and international activities, including public relations, celebrity partnerships, events, social media, visual merchandising, and brand representation across the brand’s […]
Albania, Italy, and the United Arab Emirates (UAE) have signed a tripartite strategic partnership [1] agreement on renewable energy and energy infrastructure. The agreement was signed in Abu Dhabi during the Abu Dhabi Sustainability Week, in the presence of UAE President Mohamed bin Zayed al Nahyan, Italian Prime Minister Giorgia Meloni, and Albanian Prime Minister […]
Stella McCartney Soars at Paris Fashion Week with “Save What You Love” Manifesto. Stella McCartney’s Summer 2025 runway show at Paris Fashion Week was a powerful statement, driven by a “Save What You Love” manifesto narrated by the legendary Helen Mirren. Inspired by Jonathan Franzen’s “The End of the End of the Earth,” the show […]
A new report released by the Middle East Solar Industry Association [1] (MESIA) during the World Future Energy Summit 2025 in Abu Dhabi highlights the UAE’s leadership in the regional solar energy sector. The report, titled “Solar Outlook Report 2025,” outlines the rapid growth of solar energy in the Middle East and North Africa (MENA) […]
Jiwya, a sustainable fashion brand has launched a new collection made from 100 percent plant-based materials titled Rivayat. In line with its dedication to sustainability, Jiwya’s new collection showcases over 100 Indigenous art techniques, such as handwoven textiles, detailed hand embroidery, hand block printing, and hand painting. Every piece is crafted for versatility, offering custom […]
In a significant move towards enhancing clean energy access across Africa, the African Development Bank (AfDB), PowerGen Renewable Energy, and several international partners have launched a transformative renewable energy platform. This initiative aims to deploy 120 MW of renewable power, including battery energy storage solutions, across the continent. The platform is a collaboration between PowerGen, […]
Nucor Corporation announced today that its Science-Based Emissions Targets (SBET) have been officially certified by the Global Steel Climate Council (GSCC). As a Founding Member of the GSCC, Nucor has outlined ambitious goals to significantly reduce greenhouse gas emissions from its hot-rolled steel production by 2030. The targets encompass Scopes 1, 2, and 3 emissions, […]
India’s Ministry of Steel has requested a budget allocation of 150 billion rupees ($1.74 billion) to provide incentives for steel producers to manufacture low-carbon steel, according to two government officials familiar with the matter. Finance Minister Nirmala Sitharaman is set to unveil the federal budget for the 2025-26 fiscal year on February 1. India has […]
UK small and mid-sized firms reported a 128% surge in average sales during Q3 2024, alongside a 123% rise in purchase orders (POs) placed with suppliers, according to inventory management software provider Unleashed. Fashion manufacturers—including footwear and accessories producers—achieved the fourth-largest increase in sales revenue among the 12 manufacturing categories analysed, as well as the […]
N Brown Group has announced the appointment of Dene Jones as its new Chief Executive Officer of Retail, effective 1 February. Jones will succeed Sarah Welsh, who is stepping down after five years in the role. Upon assuming the position, Jones will also join the N Brown executive board. His mandate includes advancing the group’s […]
The United Arab Emirates-based clean energy firm Masdar has signed a $15 billion landmark deal [1] with the Philippines to develop up to 1 gigawatt (GW) of renewable energy projects by 2030. This agreement, signed during the Abu Dhabi Sustainability Week 2025, aims to support the Philippines’ goal of increasing the share of renewable energy […]
Ezz Steel sets share buyback price at $2.7mln after voluntary delisting Ezz Steel, the largest steel company in Egypt, has announced its decision to buy back shares from shareholders who object to or are unwilling to retain their ownership following the company’s voluntary delisting from the stock exchange for EGP 138.15 per share, as per […]
British Fashion Council (BFC) and Copenhagen Fashion Week (CPHFW) announced a new collaboration, joining forces to align their efforts to accelerate the industry’s sustainability actions across the Nordic and British fashion markets. Copenhagen’s basic standards include having a clear ESG plan and a diversity and inclusion policy for recruiting, utilizing preferred materials, and eliminating single-use […]
Anwar Hossain, the head of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has emphasized the need for fair pricing in promoting sustainability in the garment industry. He underlined that pricing decisions have a direct impact on worker welfare, especially given rising production costs caused by a variety of domestic and foreign issues. During a […]
Thyssenkrupp has planned its commitment to a €3 billion ($3.1 billion) green steel production site, indicating that the project could proceed even if Germany’s aspirations to establish a world-leading hydrogen industry fail. German opposition leader Friedrich Merz, who is widely regarded as a strong candidate for the chancellorship in next month’s election, Speaking on Monday […]
The United Arab Emirates’ state-owned renewable energy company, Masdar, has announced a groundbreaking $6 billion project [1] aimed at delivering reliable clean power. The project, unveiled during Abu Dhabi Sustainability Week, is designed to generate 1 gigawatt (GW) of uninterrupted renewable energy. Sultan Al Jaber, chairman of Masdar and UAE Minister of Industry and Advanced […]
Saudi Arabia’s ACWA Power has made a significant move into China’s renewable energy market with two major agreements worth $312 million [1]. These agreements mark a substantial step in ACWA Power’s global expansion strategy and highlight its commitment to supporting China’s clean energy transition. The first agreement involves a 132-megawatt solar photovoltaic (PV) portfolio in […]
Retailers in the clothing and footwear sectors anticipate strong demand in the coming months. According to an analysis, the second half of FY25 is expected to be robust, driven by the festive season, an increase in wedding dates, and improving consumer sentiment. The report highlighted that overall apparel consumption remained stable in Q2 FY25. However, […]
With the latest developments in the industry, British Steel has been facing challenges due to the forced shutdown of one of its two blast furnaces at the Scunthorpe plant. The shutdown occurred at British Steel after the company mistakenly imported low-quality coke, following the closure of its coke ovens in 2023, an error leading to […]
Suhail Al Mazrouei, the UAE Minister of Energy and Infrastructure, recently announced that the UAE has become the fastest-growing clean energy market in the region [1]. Speaking at Abu Dhabi Sustainability Week, Al Mazrouei emphasized the UAE’s leading role in clean and renewable energy, which is crucial for stabilizing global energy markets and driving sustainable […]
Germany is taking a significant step towards renewable energy with the installation of solar systems [1] along motorways near the Garzweiler open-pit lignite mine in North Rhine-Westphalia. The Garzweiler open pit mine has been operational for over a century and is expected to continue functioning until 2045. However, the mine’s future land use and reclamation […]
According to a statement by the Ministry of International Trade and Industry, Malaysia has implemented provisional anti-dumping duties on flat-rolled iron products and non-alloy steel imports from China, India, Japan, and South Korea. Effective January 11, the duties will apply for up to 120 days on products with a width exceeding 600 mm (24 inches). […]
A recent study by RTS reveals Millennials have overtaken Gen Z as the fastest-growing demographic for social media shopping. While Gen Z is often dubbed the “TikTok generation,” Millennials now lead in purchases across platforms like TikTok, Instagram, and Facebook. The survey of over 1,000 shoppers found Millennial social commerce purchases rose by 36% year-on-year. […]
Cleveland-Cliffs and Nucor are preparing to submit a joint bid to acquire US Steel, following US President Joe Biden’s recent decision to block Nippon Steel’s $15 billion takeover of the Pennsylvania-based company. “As part of the planned offer, Cleveland-Cliffs will buy all of US Steel in cash and then sell the target’s Big River Steel […]
A.T.E. India, a prominent name in the Indian textile machinery market, has announced a strategic partnership with VB Soluzioni & Tecnologie srl (VB-SET), a renowned Italian company specializing in melt spinning solutions. This collaboration aims to strengthen A.T.E.’s portfolio by offering comprehensive solutions for the production of continuous filament yarns, including IDY, POY, and FDY. […]
Illinois lawmakers passed a bill aimed at boosting the development [1] of renewable energy generation. The legislation, which passed the Senate 39-16 and the House 74-39, is seen as a crucial step towards addressing the state’s clean energy goals. However, critics argue that the bill was only a fraction of the version of what they […]
During the 15th International Renewable Energy Agency (IRENA) Assembly held in Abu Dhabi, Her Excellency Dr. Amna bint Abdullah Al Dahak, UAE Minister of Climate Change and Environment, emphasized the UAE’s commitment [1] accelerating the global energy transition. In her address, Dr. Al Dahak highlighted the UAE’s ambitious targets, including doubling its clean and renewable […]
JCPenney and SPARC Group have announced the formation of a new organization, Catalyst Brands, uniting six iconic retail banners to embody the essence of American style. This venture combines SPARC Group’s brands—Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and Nautica—with JCPenney and its private labels, including Stafford, Arizona, and Liz Claiborne. Over the past three […]
Reports show that Ukraine’s steel output has increased by 21.6% in 2024, reaching 7.58 million metric tons, according to its producers’ union on Thursday. However, the ongoing fight near the country’s sole coking coal mine poses a significant threat to production levels this year. The steel industry has already faced severe setbacks since Russia’s invasion […]
A devastating fire swept through Ghana’s Kantamanto Market in the early hours of January 2, displacing thousands of clothing recycling and upcycling businesses and leaving a trail of destruction in its wake. Known as the largest secondhand clothing market in West Africa—and one of the largest globally—Kantamanto has long been a hub for creative reuse […]
China emitted 13 billion metric tons of greenhouse gases in 2021, marking a 4.3% increase compared to the previous year, according to its latest official submission to the United Nations, as reported by state media on Friday. This figure represents the most recent official estimate of China’s annual emissions, proving its position as the world’s […]
Ambercycle, a material science innovator, has partnered strategically with the Benma Group to expand the production of circular polyester fiber. The Chinese company and Ambercycle will increase the manufacturing of cycora fibers, which are made from recycled polyester, as a result of their new collaboration. By collaborating with the Chinese business, Ambercycle is able to […]
Montreal-based sustainable fashion retailer Frank and Oak has filed for creditor protection for a second time, citing a significant debt of $71 million. The application, submitted shortly before the holidays, comes amidst ongoing financial challenges tied to the pandemic’s lingering impact. Frank and Oak, owned by New York-based Unified Commerce Group (UCG) since 2020, initially […]
Two workers were injured and 4 others were trapped after a chimney collapsed at a steel plant in Chhatisgarh, report says. The incident occured during the afternoon hours in the plant situated in saragaon area, said the superintendent of police Bhojram patel. “We received information that part of the chimney, and silo collapsed at the […]
The European Steel Association (Eurofer) has called for significant adjustments to the European Commission’s steel safeguard measures as part of an ongoing review, according to Yuriy Rudyuk, a partner at the law firm Van Bael & Bellis, reported Argus Media. Eurofer has proposed reducing safeguard quota volumes to address the declining steel demand across the […]
Arizona Public Service Company (APS), the largest electric utility in the state, has secured a conditional commitment [1] for a loan guarantee of up to $1.81 billion from the U.S. Department of Energy’s Loan Programs Office (LPO). This loan will fund investments in new or upgraded transmission projects, renewable power generation, and grid-integrated energy storage […]
The International Renewable Energy Agency (IRENA) has issued a stern warning [1] that the world is currently off track in meeting its renewable energy targets. Despite a record surge in renewable energy capacity in 2023, the current growth rate is inadequate to achieve the ambitious goal of tripling this capacity by 2030—a target crucial for […]
Carter’s, a leading North American retailer, has announced the retirement of Michael D. Casey as Chairman and CEO after more than 15 years in the role and over three decades with the company. Richard F. Westenberger, currently Senior Executive Vice President, Chief Financial Officer, and Chief Operating Officer, has been appointed interim CEO while continuing […]
Stella McCartney has teamed up with material science company, ‘Balena’ to launch the S-Wave Sport trainers. The trainers make their debut as part of the Autumn 2025 collection and use BioCir Flex, a novel polymer developed by Balena that is non-toxic, recyclable, compostable, and biobased. Notably, biodegradable materials such as oils, polysaccharides, and castor beans are […]
Fast-fashion giant Shein is making efforts in sustainability by increasing its use of an innovative, resource-saving technology called cool transfer digital printing for its denim apparel. The process, which replicates denim textures and effects without requiring traditional water-intensive methods, helped the company save 10,000 metric tons of water in 2024 alone. Since introducing cool transfer […]
Silfab Solar Inc., a leading manufacturer of high-performance PV modules, has announced a multi-year partnership with Pivot Energy [1], a national renewable energy provider. The agreement entails Silfab supplying 350 megawatts (MW) of commercial PV modules over a two-year period, starting in the second quarter of this year. The partnership is part of Silfab’s strategy […]
Fortescue, the world’s fourth-largest supplier of iron ore, has announced a partnership with a subsidiary of China Baowu Steel Group, the world’s largest steel producer, to address the challenges of decarbonizing the global steel industry. The collaboration was formalized earlier this week through a memorandum of understanding, as confirmed by Fortescue on its official WeChat […]
SPR (Solar Panel Recycling.com) has unveiled the first automated recycling line [1] designed specifically for bifacial solar panels in the United States. This innovative technology promises unprecedented efficiency, achieving clean glass separation at 99% or higher recovery rates. Bifacial modules, expected to dominate over 70% of the global market by 2033, are favored for their […]
As part of Egypt’s broader strategy to harness its mineral wealth and reduce reliance on fossil fuel electricity sources, they are set to prioritize mining and renewable energy projects [1] in 2025. The country’s Petroleum and Mineral Resources Minister, Karim Badawi, announced these plans during a session in Egypt’s Senate, emphasizing the launch of a […]
President-elect Donald Trump has made his intention clear [1], to halt the construction of wind turbines during his upcoming term. This policy, if implemented, could jeopardize billions of dollars in planned wind projects. Trump made this declaration during a press conference at his Mar-a-Lago resort in Florida, where he criticized wind power as being expensive […]
April 28, 2025. Laura Weir succeeds outgoing CEO Caroline Rush CBE, who has headed the company for the previous 15 years and announced her departure last year. Rush will leave the company in June 2025, at the end of the fiscal year 2024-25 and with plenty of time for transfer. David Pemsel, BFC Chair said “We are […]
UK Steel has announced that the government will hold the first meeting of the newly formed Steel Council later this afternoon, according to their official Press Release. The UK steel industry is currently operating in a challenging and uncompetitive environment with echoes of the 2015-16 steel crisis, including rising imports, loss of market share, and […]
Enlight Renewable Energy announced the successful completion [1] of its flagship Atrisco Solar & Energy Storage project located outside Albuquerque, New Mexico. The project, which includes a 364 MW solar generation unit and 1.2 GWh of energy storage capacity, reached full commercial operation in November 2024. The Atrisco project is now the largest battery storage […]
Starting January 1, 2025, Chicago has successfully transitioned [1] its city buildings to 100% renewable energy. This includes over 400 municipal buildings, such as O’Hare International Airport, Midway International Airport, City Hall, 98 fire stations, 81 library locations, and 25 police stations. The city’s real estate portfolio also includes two of the largest water treatment […]
LVMH’s recent internal audit has exposed significant shortcomings in the labour practices of luxury brands, particularly within Italian fashion houses, including Dior. The findings reveal widespread flaws in auditing systems, allowing labour violations such as exploitation and unsafe working conditions to persist within supply chains despite formal inspections. The report highlighted a heavy reliance on […]
A research team led by the University of Southampton and UWE Bristol has demonstrated that wearable electronic textiles (e-textiles) can be both sustainable and biodegradable. Their study introduces a new approach for fully inkjet-printed, eco-friendly e-textiles, branded as Smart, Wearable, and Eco-friendly Electronic Textiles (SWEET). Professor Nazmul Karim, from the University of Southampton’s Winchester School […]
The survival of Britain’s steel industry hinges on embracing new technologies and shifting to greener production methods, a British MP told The National. Nic Dakin, the MP for Scunthorpe, where British Steel has a large steelmaking plant, said that the industry is undergoing significant restructuring that could provide this industry a positive future for the […]
The North American Electric Reliability Corporation (NERC) has warned about the urgent need for new energy resources over the next decade. According to NERC’s 2024 Long-Term Reliability Assessment [1] (LTRA), more than half of North America is at elevated or high risk of energy shortfalls in the next five to ten years. The report highlights […]
U.S. Steel and Nippon Steel on Monday filed a lawsuit against U.S. President Joe Biden’s order as he blocked the $14.9 billion purchase deal of the American steelmaker by the Japanese company. In response to this, Cleveland-Cliffs Inc. made statements related to the United States Government’s decision to prohibit the unlawful acquisition of the United States Steel Corporation by Nippon […]
The Whyalla Steelworks has cast its first steel following a four-month shutdown caused by operational challenges and extensive repairs. This marks a significant step forward in efforts by the management team and workforce to revive the plant. Theuns Victor, GFG Alliance’s Global Chief Manufacturing Officer and head of the Whyalla ‘Back to Black’ taskforce, described […]
AMEA Power, a rapidly growing renewable energy company based in the UAE, has been awarded two significant Battery Energy Storage System (BESS) projects in South Africa [1] through a competitive bidding process. The projects, named Gainfar and Boitekong, are located in the North West Province and each will have a capacity of over 300 megawatt-hours […]
HUGO BOSS is a brand synonymous with style and sophistication, globally recognised for its exceptional craftsmanship and innovative designs. In January 2025, the fashion house announced the appointment of James Foster as Senior Vice President of Global Marketing. James Foster’s career has been marked by influential roles at globally renowned companies, where he demonstrated expertise […]
Nike, the world’s leading supplier of athletic footwear and apparel, is a prominent player in sports equipment manufacturing, generating over $46 billion in revenue during fiscal year 2022. Despite its market dominance, the company has faced significant revenue declines in recent quarters. In response, CEO Elliott Hill has proposed strategic initiatives to revitalise the business […]
U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel’s buyout of U.S. Steel on national security concerns, delivering a potentially fatal blow to the $14.9 billion merger. President Joe Biden has blocked the proposed $15 billion deal for Japan’s Nippon Steel to acquire Pittsburgh-based U.S. Steel, fulfilling his campaign pledge to block […]
A high-ranking delegation as part of the ‘Maldives Executive Leadership Programme’ [1] visited DEWA’s Sustainability and Innovation Centre at the Mohammed Bin Rashid Al Maktoum Solar Park. The delegation included key officials such as ministers and deputy ministers from Maldives. They were introduced to DEWA’s initiatives in sustainability, clean energy, and renewable energy projects. The […]
Indian Railway Finance Corporation (IRFC) shares surged by 3% following the signing of a Memorandum of Understanding [1] (MoU) with Railway Energy Management Company Ltd (REMCL). This MoU aims to finance renewable energy projects to supply power to Indian Railways. The collaboration between IRFC and REMCL, a joint venture between the Ministry of Railways and […]
Fashion giant Trendy Group, which includes Italian brand Miss Sixty, have partnered with the Central Saint Martins (CSM), University of the Arts London (UAL) “to pave the future for circular denim.” The partnership revolves around the new Future Denim Lab, a five-year program dedicated to promoting circular denim and sustainable fashion. It will work with […]
British omni-channel fashion retailer Quiz reported a 7.6% year-on-year decline in revenue for the six months ended 30 September 2024. Revenue fell to £39.1 million from £42.3 million in the same period of 2023. Gross profit decreased to £24.5 million from £26.2 million, while EBITDA fell to a loss of £0.5 million, compared to £1.1 […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
The Dubai Electricity and Water Authority (DEWA) has established the Sustainability and Innovation Centre [1] at the Mohammed bin Rashid Al Maktoum Solar Park to promote Dubai’s position as a global hub for clean energy and sustainable technology. The Centre offers a range of scientific and professional programs, training courses, and interactive competitions in collaboration […]
Taiwan has set an ambitious target [1] to reduce greenhouse gas emissions by 30% by 2030, up from the previous goal of 23-25%. The Environment Ministry announced this upgraded target, aiming for a reduction range of 26-30% from 2005 levels. Taiwan’s Environment Minister Peng Chi-ming addressed the wider margin of error stating that it was […]
Saudi Arabia’s ACWA Power has successfully secured $703 million [1] (SR2.63 billion) in financing to develop, operate, and maintain a 1,100-megawatt wind power plant in Egypt’s Suez governorate. The funding was sourced from a consortium of international financial institutions, including the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), British International Investment, […]
Germany’s manufacturing sector ended 2024 on a sour note, with sharper drops in both output and new orders, signaling continued struggles for the industrial backbone of Europe’s largest economy, a survey showed on Thursday. The HCOB Germany Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 42.5 in December from 43.0 in October […]
The Madhya Pradesh Textile Mills Association has proposed measures to make the upcoming PM MITRA Park in Dhar district more appealing for industrial investment as well as sustainable development. The association has urged to incorporate renewable energy sources like solar or wind power to make the park eco-friendly and self-sustaining. They advocate for systems to […]
According to the International Chamber of Commerce-Bangladesh (ICCB), Bangladesh has significant potential to lead sustainable fashion by embracing circular economy principles. This model prioritises extending the lifecycle of materials, reducing waste, and minimising pollution. The ICCB’s Quarterly News Bulletin emphasised that recycling fabric waste and promoting second-hand clothing markets could lower environmental impact while enhancing […]
The New Jersey offshore wind project, Leading Light Wind, is seeking a second delay due to ongoing supply chain challenges [1]. The project, a collaboration between Chicago-based Invenergy and New York-based energyRE, aims to build up to 100 turbines 40 miles off Long Beach Island, enough to power 1 million homes. The developers have struggled […]
In a move to combat climate change, the Indian government is set to launch a Rs 15,000 crore “Green Steel Mission” aimed at reducing carbon emissions from the steel Industry, currently accounting for 10-12% of India’s total emissions, says reports. The initiative is inclusive of a Production Linked Incentive (PLI) for Green Steel, renewable energy […]
Hazira, Surat in India witnessed a tragic accident on Tuesday, with a fire taking place at the steel plant, leading to the tragic death of four workers and one injured. The incident occurred on Tuesday evening at ArcelorMittal Nippon Steel India’s facility, as per reports. Anupam Singh Gehlot, the Surat Commissioner of police, reported that […]
Japan’s Nippon Steel has proposed to the `U.S. government a Veto Power over any potential cuts to U.S. Steel’s production capacity to secure President Joe Biden’s approval for acquiring the American steelmaker, a Source reported on Tuesday. After the Committee on Foreign Investment in the United States (CFIUS) referred Biden the decision to approve or […]
The U.S. Department of Energy has initiated an environmental impact assessment [1] for the proposed Northwest Hydrogen Hub, which was selected as one of seven regional hydrogen hubs in a nationwide competition last year. The assessment aims to evaluate potential environmental risks associated with developing hydrogen projects in the region, which includes Washington, Oregon, and […]
Saudi Arabia’s ACWA Power has announced its entry into the Chinese renewable energy market [1] securing over 1 gigawatt (GW) of renewable energy projects. The portfolio includes multiple solar photovoltaic (PV) and wind energy projects spread across several provinces in China. These projects are in the advanced stages of development and will be jointly owned […]
David Beckham’s company, DRJB Holdings, paid out $124 million in dividends, reflecting the company’s robust financial performance. The key factor was Authentic Brands Group’s majority acquisition of DRJB Holdings in 2022, where Beckham retained a significant 45% stake, allowing him to benefit from the company’s ongoing success. The Financial Times stated that the dividend payments were spread out over […]
Toforto, an eco-friendly lifestyle handbag brand, is expanding its product distribution to the United States and Europe. Toforto means for “Today for Tomorrow,” which represents important activities performed today for a brighter tomorrow. With sustainability at the heart of their philosophy, Toforto creates handbags that are of such high quality and classic style. The brand […]
The ONE International Labour Organisation (ILO) Siraye Programme, a key initiative aimed at addressing labour deficiencies in Ethiopia’s garment industry, has made notable strides in improving working conditions and boosting industrial competitiveness. Despite challenges such as the COVID-19 pandemic and socio-political instability, the programme has achieved significant progress in areas such as workplace safety, grievance […]
The Confederation of Indian Textile Industry (CITI) has urged the government to implement policies to boost investment and scale in the textile and apparel (T&A) sector, targeting an ambitious export goal of $100 billion by 2030. Highlighting the critical role of the US and EU markets in achieving this target, CITI stressed the need for […]
POSCO has been recognized as the “World’s Most Competitive Steelmaker” for the 15th consecutive year. The announcement came from World Steel Dynamics (WSD), a global steel analysis institution, which revealed the results of its 2024 World-Class Steelmaker Rankings on December 22 in New York. Established in 1999, WSD has evaluated steel companies worldwide since 2002 […]
The European Fashion Alliance has released its latest report, The Status of European Fashion Report 2024 [1], providing a comprehensive exploration of the current landscape of the European fashion industry. The report emphasized the urgent need for sustainability, innovation, and collaboration across the sector, highlighting the critical role of creativity in driving positive environmental and […]
A newly formed American-owned and operated solar cell and module manufacturer, NuVision Solar, has announced its entry into the US market [1]. The company plans to establish a manufacturing facility in West Palm Beach, Florida, with an annual production capacity of 2.5 gigawatts (GW) of heterojunction technology (HJT) solar cells and modules. NuVision Solar aims […]
Indonesia is taking significant strides towards achieving energy self-sufficiency, not just in oil and gas, but also in renewable energy. The country’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that Indonesia is implementing [1] strategic measures to boost renewable energy capacity significantly in the coming years. One of the key initiatives is the […]
The International Cotton Advisory Committee (ICAC) has released a comprehensive report [1] focusing on soil health in cotton farming methods. The report highlights the critical role of healthy soils in enhancing cotton productivity and sustainability, especially in the face of climate change. The report emphasized the importance of regenerative agricultural practices, such as cover cropping […]
Smartex has released the second edition of its Modern Textile Factory (MTF) Report, The Textile Data Highway [1]. The report delves into how a seamless data highway is transforming textile supply chains by leveraging high-quality, communicable, and actionable data to optimize operations, enhance product quality, and drive sustainability. The report highlights the importance of resource […]
Teijin Limited has announced an investment in Circularise B.V., a company based in The Hague, Netherlands, that develops product traceability management systems using blockchain technology. This strategic move will see Teijin implementing Circularise’s software to enhance visibility into its global supply chain. Circularise’s proprietary “Smart Questioning” solution utilizes Zero-Knowledge Proof (ZKP) technology, providing both anonymity […]
