Italy and Tunisia have taken a significant step towards enhancing their energy cooperation with the signing of the Elmed energy link project [1]. This ambitious initiative aims to connect the electricity grids of the two countries through a 200-kilometer high-voltage direct current (HVDC) submarine cable. The Elmed project, with a total cost of €920 million, is co-financed […]
A GlobalData report states that the traditional clothing sector expanded by 0.1% in 2024, while the global resale garment market surged by 17.6% to reach US$204.7 billion. With a compound annual growth rate (CAGR) of 11.4% anticipated through 2028, the market is expected to grow by an additional 13.3% in 2025. According to Alice Price, […]
H&M and Central Saint Matins have partnered once more for the Sustainable Fashion and Journalism prize, which will give four awards to students studying journalism and fashion design. In order to “encourage the next generation of fashion leaders to further engage with sustainability and accelerate the shift to circular fashion,” the award seeks to assist […]
Morocco has announced plans to invest $3 billion [1] over the next five years in various power projects aimed at expanding its electricity network and increasing the share of renewable energy. The announcement was made by Tarik Hammane, Director General of the National Office of Electricity and Drinking Water, during a local energy seminar in Casablanca. The […]
According to the recent Economic Survey [1] in India for 2024-25, renewable energy now constitutes approximately 47% of India’s total installed power capacity. The country’s renewable energy capacity grew by 15.8% year-on-year, reaching 209.4 GW by December 2024, up from 180.8 GW in December 2023. The survey highlights a growing dependence on cleaner, non-fossil fuel-based energy sources. […]
Chief Financial Officer Koushik Chatterjee stated that Tata Steel’s growth strategy will prioritize financial prudence, ensuring that expansion does not come at the cost of rising debt. The company plans to balance internal accruals and deleveraging to sustain its financial health. Tata Steel has revised its breakeven timeline for UK operations, projecting a delay of six […]
Gordon Brothers, the global asset experts headquartered in Boston, US, have been appointed as the exclusive selling agent for a never-used two million tonnes-per-annum (TPA) flat and long steel production plant. The facility is owned by one of the most renowned and largest steel manufacturers in the GCC. According to Gordon Brothers, this sale presents […]
Go Planet-D by Debongo is the first circular and entirely sustainable footwear brand in the world. To lessen its influence on the environment and encourage eco-friendly behavior, the company has adopted a sustainable and circular business strategy. The company makes sure that no trash is produced by emphasizing recycling and material reuse, which makes it […]
Toyoda Gosei has partnered with leading sportswear brand ASICS to launch the Skyhand OG sports shoe range, incorporating upcycled leather remnants from car steering wheel production. These eco-friendly trainers will be available on the ASICS online store from 1 February. Committed to reducing waste, Toyoda Gosei repurposes difficult-to-recycle materials, such as airbag fabric and steering […]
President Donald Trump’s proposal to impose tariffs on U.S. copper and aluminium imports is expected to drive up costs for local consumers due to insufficient domestic production, analysts and industry experts warned on Tuesday. In a speech on Monday, Trump announced plans to levy tariffs on aluminium and copper—both critical for U.S. military hardware—along with […]
The Czech investor Daniel Kretinsky has confirmed his interest in Thyssenkrupp Steel. Daniel Kretinsky runs and owns Energeticky, a prumyslovy holding (EPH), the biggest energy group in Central Europe. During the 2020 market crash, he took the stock market by storm, making bets on companies like Macy’s, Foot Locker, Sainsbury, and Royal Mail. Thyssenkrupp shares […]
To support the textile and garment industry in meeting the EU’s updated sustainability regulations, Swiss testing firm TESTEX has partnered with supply chain specialists FutureWear Group to introduce a certification program. This initiative, known as the TESTEX Academy, is designed to equip business leaders with the expertise needed to navigate evolving regulatory landscapes. The Academy’s […]
In a significant move towards sustainable energy, Meta and Zelestra have announced the signing of four new Environmental Attribute Purchase Agreements (EAPAs) [1] in Texas. These agreements, totaling 595 MWac, will enable the construction of four solar projects with a combined capacity of 720 MWdc. The projects are set to be located in Hopkins, Lamar, Lampasas, and […]
The Norwegian government has collapsed following a heated dispute [1] over EU-mandated renewable energy policies. The Centre Party, known for its eurosceptic stance, withdrew from the coalition government on January 30, 2025, leaving Prime Minister Jonas Gahr Støre’s Labour Party to govern alone for the first time in 25 years. The conflict arose from the European Union’s […]
Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the state’s role in business, according to government sources, reported Zawya. New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms as they failed to sell […]
South Sudan has taken a significant step towards sustainable energy with the launch of its first major renewable energy project [1]. The Ezra Group, a family-run conglomerate based in South Sudan, announced the successful launch of a 20-Megawatt (MW) solar power plant and a 14-Megawatt-hour (MWh) Battery Energy Storage System (BESS) in the capital city […]
Dubai Electricity and Water Authority (DEWA) celebrated two events [1] on January 26, 2025, to mark the International Day of Clean Energy on the 26th of January at DEWA’s Sustainability and Innovation Centre, located within the Mohammed bin Rashid Al Maktoum Solar Park. The two events were organized in collaboration with the Ministry of Climate […]
Templa, a luxury outerwear specialist, is set to revolutionise the high-fashion market by introducing the first biodegradable down jacket, created in collaboration with Allied Feather & Down and Active Apparel Group. The Hyperion jacket, which won an ISPO Award last November as a prototype, is now ready for commercial production and will debut as part […]
The Royal Group of Abu Dhabi has taken up the majority of the fashion label Pangaia. The transaction’s financial information was kept secret. Pangaia, a London-based company, creates eco-friendly apparel from recycled and organic materials and sells it mostly online. Its apparel and accessories are made from next-generation materials, such as Frutfiber, a cotton substitute, […]
The UK steel industry is struggling with challenges due to the soaring electricity costs, threatening its competitiveness and long-term viability. According to UK Steel, the country’s steelmakers are struggling with electricity costs that are up to 50% higher than those in Germany and France. This notable price gap, amounting to approximately £22 per megawatt-hour, is […]
Founded in 2008, Shein, the Chinese fast-fashion powerhouse, has rapidly grown to serve customers in over 150 countries. Renowned for its lightning-fast trend delivery, Shein offers an expansive range of affordable styles, from casual streetwear to elegant eveningwear, with an average price of just £8 per item. Its appeal has made it a favourite among […]
DSV, a global logistics leader, celebrated the launch of its first renewable energy [1]assets at its Landskrona warehouse facilities in Sweden. This strategic move signifies a milestone in DSV’s journey toward achieving net-zero CO2 emissions by 2050. The new facilities feature more than 100,000 square meters of rooftop solar panels, which generate 14 MWp of […]
Italy’s Cimbali Group, well known for it manufacturing of espresso machines, has embarked on an ambitious renewable energy [1] project at its Dolo facility in Italy. This new initiative underscores the company’s commitment to sustainability and its ongoing efforts to reduce its environmental footprint. The project involves the installation of 460 photovoltaic modules with a […]
Türkiye’s largest steelmaker, Tosyali Holding, has decided to invest around $1 billion in solar energy investments to support green steel production, the company’s chairman, Fuat Tosyali, said, according to Türkiye today. At the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland, Tosyali said that 70% of the world’s Steel Industry is based […]
Paris Men’s Fashion Week has become a significant platform for promoting sustainability in the fashion industry. Renowned for its innovation and creativity, the event now embraces eco-friendly practices and ethical design, signaling a shift toward a more responsible fashion future. Designers at the forefront of this movement have integrated sustainability into their collections. Rick Owens, […]
HYBRIT (Hydrogen Breakthrough Ironmaking Technology), aims to develop the first value chain for fossil-free steel, with fossil-free electricity and hydrogen. The ambitious collaboration between SSAB, LKAB, and Vattenfall, focuses on plans to transition from its successful pilot phase towards industrial-scale production in the coming years. The initiative aims to reduce Sweden’s carbon dioxide emissions by […]
TRENDS Research & Advisory has launched a comprehensive study titled “The Future of Renewable Energy: Financing Challenges and Prosperity Opportunities”[1]. This study was unveiled during TRENDS’ second participation in the World Economic Forum in Davos. The study aims to address critical issues related to renewable energy, including financial challenges and promising opportunities, with the goal […]
Egypt has set an ambitious target [1] to produce nearly 16,100 megawatts (MW) from renewable energy sources by 2029, as part of its drive to reduce reliance on conventional power generation and save its hydrocarbon resources. This target includes 6,600 MW currently produced from solar, wind, and water projects, with new projects expected to boost […]
CEO Mauro Longobardo reported that ArcelorMittal Kryvyi Rih failed to reach break-even production levels in 2024. He attributed this to several factors, including electricity supply shortages, high energy prices, the need to import a significant portion of electricity, staffing, and expensive logistics with unfavorable pricing conditions in metal markets. “All of this negatively affects our […]
Nobody’s Child, a sustainable clothing brand, has partnered with Reskinned to develop a take-back program to promote circularity in the fashion supply chain. This innovative effort extends beyond typical recycling by providing a multifaceted approach to apparel repurposing. By offering choices for reselling, repairing, and recycling unwanted clothing and footwear, Reskinned gives fashion firms a […]
Levi Strauss & Co. announced the appointment of Artemis Patrick to its board of directors, effective 1 February. Starting 1 March, Patrick will also serve on the audit, nominating, governance, and corporate citizenship committees. Patrick, a seasoned retail executive, currently serves as President and CEO of Sephora North America. She oversees strategy, vision, and financial […]
Ganni, a Danish fashion brand, has signed a procurement deal with Ambercycle for a continuous supply of cycora, a regenerated polyester product, as part of its commitment to sustainability. Incorporating cycora into its product lines, Ganni intends to use Ambercycle’s sustainable alternative to replace over 20% of its annual use of new and recycled polyester […]
Hyundai Steel, an affiliate of automakers Hyundai Motor, South Korea has decided to build a steel plant in the United States. As President Donald Trump prepares to intensify protectionist measures, the company decides to make a move. On Tuesday, Trump announced plans to impose tariffs on multiple fronts, including a potential 25% tariff on Mexico […]
Starting on April 16, Helena Norrman has been appointed as EVP & Head of Group Communications, a newly created role in the company’s Group Executive Committee. Helena will oversee SSAB’s communication strategies and operations and will be responsible for communication at SSAB. SSAB developed SSAB Fossil-free™ steel with the intent to reinvent the value chain […]
CleanMax, a Brookfield-supported renewable energy provider, has secured USD 27 million in long-term credit from HSBC [1] to fund and develop 92 onsite solar assets in the UAE. These projects will be implemented across various industrial sites, malls, schools, and universities. The financial agreement includes an additional uncommitted AED 37 million (USD 10 million) to […]
Lesotho’s King Letsie III has embarked on an ambitious mission [1] at the World Economic Forum in Davos, Switzerland, to promote his country’s green energy initiatives. Lesotho is a landlocked mountain kingdom in Southern Africa. King Letsie III urged global business and political leaders to invest in Lesotho’s renewable energy projects at Davos. In an […]
Russian coal and steel producer Mechel, sanctioned by the United States a year ago, has agreed on a new debt restructuring as low coal prices and high interest rates put pressure on its payment schedule. Russian companies and lobby groups have raised concerns over soaring interest rates, which closed the year at a steep 21%. […]
A delegation from the American Apparel & Footwear Association (AAFA) and the Fair Labour Association (FLA) met with representatives of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to discuss workers’ rights in Bangladesh’s ready-made garment (RMG) sector. The BGMEA stated that the visit aimed to strengthen US-Bangladesh partnerships within the RMG industry. The meeting, […]
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 […]
Billionaire Sajjan Jindal-led JSW Group has unveiled plans to invest ₹3 trillion ($34.67 billion) in Maharashtra, strengthening its presence in electric vehicles, battery production, steel, and green energy sectors. The ports-to-cement conglomerate signed an agreement with the Maharashtra government during the World Economic Forum in Davos, Switzerland. Maharashtra, India’s financial capital, is set to benefit […]
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 […]
President Donald Trump announced an ambitious plan on Monday aimed at bolstering oil and gas production in the United States. The proposal included declaring a national ‘energy emergency‘ to accelerate permitting processes, rolling back environmental regulations, and withdrawing the U.S. from an international climate agreement. The strategy represents a stark departure from the energy policies […]
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 […]
In a landmark step towards advancing sustainability, Coca-Cola Al Ahlia Beverages Company, in collaboration with Emerge – a joint venture between UAE’s Masdar and France’s EDF Group, inaugurated a 1.8-megawatt solar power plant at its production facility in Al Ain. The project marks a significant milestone [2] in Coca-Cola Al Ahlia Beverages Company’s commitment to […]
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 […]
