True to his word as a candidate, a few hours after taking office as US president on January 20, 2013, Mitt Romney issued his first executive order, declaring China guilty of curency manipulation. In accordance with the Omnibus Trade and Competitiveness Act of 1988, President Romney’s act triggered immediate negotiations between US and Chinese officials. But the negotiations stalled and both parties blamed the other in press releases. In early February, in his first State of the Union address,

Spot rate was down on the cotton market on Tuesday in process of trading, dealers said. Official spot rate was lower by Rs 50 to Rs 5700, they said. In the ready business, nearly 10,000 bales of cotton changed hands between Rs 5650-5800, they said. Prices of seed cotton in Sindh were at Rs 2475-2500 and in Punjab, the rates of phutti were at Rs 2400-2525, they added. As a result of increase in phutti arrivals, prices showed slight weakness, Naseem Usman said. In the meantime, if monsoon rain s

She's a staunch vegan spokesperson for PETA. But, last night, Pamela Anderson managed to push any qualms aside as she tiptoed through Smithfield's Meat market last night to take her place on the front row at Dame Vivienne Westwood's catwalk show. Joining her for the bi-annual extravaganza at the east London venue were stars Sadie Frost - also a non-meat eater - model Erin O'Connor, society girl Victoria Hervey and singers Kelis and Paloma Faith, who sat on tiers of bright red seating that cu

Nike will supply the kit for England's national football team from next year, replacing the Umbro brand that Nike has put up for sale. The five-year agreement will cover English football at all levels include the men's and women's national teams, as well as amateur and disabled squads, the English Football Association (FA) said on Monday. Nike will also sponsor St George's Park, the FA's new national football centre. No financial details were given. Umbro, based in the northern Engli

Paradise Fibers in Spokane, WA has recently come up with the “better mousetrap”, but…in a spinning wheel design. The new wheel called the Revolution is one of the few American made spinning wheels on the market and has new cutting edge features that are changing the way yarn is spun! “It’s just so smooth to treadle!” Local and online customers have been putting our new Revolution Spinning Wheel to the test with rave reviews from ease of use and smooth action to the exclusive multiple speed ov

Less than a week since being stripped of his French Legion of Honour, it’s being reported that John Galliano might be fighting back against Dior, reportedly seeking $18.8 million dollars in damages from his former employer. According to the Daily Telegraph, Galliano filed papers that relate to an employee-employer dispute with the Paris industrial tribunal, Conseil des prud’hommes. If the Daily Telegraph is right, the details that unfold are sure to be interesting, particularly since Dior is

As China's large State-owned enterprises pour money into overseas expansion and s, the country's private businesses have also started setting their sight on the international market. And entrepreneurs in Wenzhou, a city with a tradition of entrepreneurship, are among the leaders in the international expansion of the country's private sector. One example is Wenzhou Kangnai Group Co Ltd, one of the leaders in Wenzhou's pillar footwear industry. The company spent 20 years transforming itself fr

"Over the next five years, we will double our exports of goods and services around the world -– an increase that will boost economic growth and support millions of American jobs in a manner that is deficit-friendly” ------ President Barack Obama OTEXA: The Face and Voice of the U.S. Government for Textiles and ApparelThe Office of Textiles and Apparel (OTEXA) administers programs and strategies to improve domestic and international competitiveness of the U.S. textiles, apparel, footwear and t

In the six months to June 30 sales totalled ?1.6bn (?1.3bn) as operating income grew by 22.2% to reach ?510.9m (?405.0m). All regions saw solid growth during the period, with sales in Europe shooting up by 21%. Sales across Asia (excluding Japan) led the way, accounting for 25% growth, while sales in America rose 9% and Japan a more muted 3%. The company created 445 new jobs during the first half of the year to enable to sales and production teams to be reinforced to deal with the success