Global economic growth is forecast to ease to a weaker-than-expected 2.6 per cent in 2019 before inching up to 2.7 per cent in 2020, according to a latest World Bank. Growth in emerging market and developing economies is expected to stabilise next year as some countries move past periods ofstrain, but economic momentum remains weak.Pic: rawpixel.com from PexelsEmerging and developing economy growth is constrained by sluggish investment, and risks are tilted to the downside. These risks include r

Apart from its established range of quality products, James Heal will showcase four new testing instruments at ITMA 2019 to be held from June 20-26 in Barcelona, Spain. Focusing on the emerging theme of performance textiles and comfort testing, these products will enable a greater understanding of how garments behave in different conditions.Pic: James HealThe new products cover several essential testing criteria in an improved and innovative way, said James Heal in a press release.AquAbrasion is

Bringing eco-innovation to the golf course, Adidas Golf has unveiled a limited-edition version of its popular Tour360XT made with yarns spun from upcycled plastic waste that was intercepted from beaches and coastal communities. The Tour360XT Parley shoe is in partnership with Parley for the Oceansand is the first of its kind for the sport.Pic: AdidasThe unique ocean blue and aqua green colourway of this limited-edition Tour360XT Parley ($200) utilises repurposed and upcycled plastic waste that’s

Commemorating 'World Enviornment Day', Reliance Industries Ltd.’s (RIL) R|Elan ‘Fashion for Earth’ in partnership with Lakmé Fashion Week (LFW), India’s premier fashion platform, presented the #EarthTee2 range. The first edition was launched on last year’s World Environment Day in collaboration with renowned fashion designer Anita Dongre and R|Elan.Pic: RILLike its predecessor, the limited-edition #EarthTee2 are made using R|Elan GreenGold - the greenest fabric with the lowest carbon foo

Responding to US plans to impose a 5 per centon all Mexican imports starting June 10, the NationalFederation said Forcing Americans to pay more for produce, electronics, auto parts and clothes isn’t the answer to the nation’s immigration challenges, and this certainly won’t help move the United States–Mexico–Canada(USMCA) forward.In a statement, senior vice president for government relations David French said the growing tariff bill paid by US businesses and consumers is adding up and will raise

Exhibitors from 85 countries and regions, including Spain, Italy, Germany, Russia, South Korea, Japan, Malaysia, India, Pakistan, Australia, and Tanzania, attended the 2019 China Yiwu Imported Commodities Fair, a platform for Yiwu’s opening up to the world. The show attracted 48,800 buyers, up 48.41 per cent compared to last year, from 81 countries.There were more than 100,000 varieties of daily necessities covering handcrafts, household goods, maternal and baby care, clothing accessories, food

The revenue of VF Corporation in the fourth quarter of fiscal 2019 has climbed 6 per cent (up 9 per cent in constant dollars) to $3.2 billion. The growth was driven by VF's largest brands, international and direct-to-consumer businesses, as well as strength from the Active, Outdoor and Work segments. Excluding Kontoor Brands, revenue gained 8 per cent.Pic: VF CorporationFull year 2019 revenue from continuing operations increased 12 per cent (up 13 per cent in constant dollars) to $13.8 billi

ITMA is the largest textile machinery exhibition in the world takes place every 4 years. ‘Innovating the World of Textiles’ is the theme for the 18th edition of ITMA where the textile and garment industries converge to explore fresh ideas using innovative products and designs.ITMA 2019 at a glanceDate & place: 20-26 June 2019, Fira De Barcelona, Gran Via, Spain1,700+ original manufacturers from 45 countries exhibiting their products, solutions, and ideasGross exhibition area of 220,000 squar

TheAssociation of India (CAI) has retained its May estimate of the cotton crop for 2018-19 season that began on October 1, 2018, at 315 lakh bales i.e. at the same level as in the previous estimate.The total cotton supply estimated by the CAI during October 2018 to May 2019 is 325 lakh bales of 170 kg each with consumption at 209 lakh bales.Up to May 31, 2019, total cotton arrival at markets is estimated at 287.72 lakh bales, while imports are pegged at 9.28 lakh bales. In addition, there was an

Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) recently announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by AP Moller-Maersk and IBM. The companies will promote TradeLens and create complementary services on top of the platform for their customers and partners.Pic: MaerskData for nearly half of the world’s ocean container cargo will now be available on TradeLens.TradeLens enables participants to connect, share i