Tag: news

Bangladesh’s Garment Sector on Edge Due to Iran-Israel War

The conflict between Iran and Israel poses challenges for other businesses and the rising oil price due to the war may have a decisive...

Mixed Performance in 2024 Global Textile Machinery Shipments

In 2024, global shipments of new short-staple spindles and open-end rotors decreased by -40% and -39%, respectively (year-on-year). Draw-texturing spindles numbered rose by +77%...

CAI Revises 2024-25 Cotton Output to 301 Lakh Bales

The Cotton Association of India (CAI) again increased its estimate of cotton production to 301.15 lakh bales of 170 kg for the current cotton...

Turkey and EU Discuss Customs Union for Trade Enhancement

The current framework is more restrictive than facilitative for mutual trade relations, Gültepe said during a conference titled “The Transformation Journey of the Turkish...

European Commission to Scrap EU Anti-Greenwashing Law

The European Commission plans to scrap its draft law on combating corporate greenwashing due to opposition from the European People’s Party (EPP), a European...

EU Council & Parliament Finalize CBAM Simplification Deal

The European Council presidency and European Parliament’s negotiators reached a provisional agreement yesterday on one of the proposals of the so-called ‘Omnibus I’ legislative...

India Leads Apparel Exports, Surpassing China and Bangladesh

The global textile industry is going through a huge transition as the buyers shift away from Bangladesh and China. India has now become a...

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