Archive / Business - 2023
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Textile machinery suppliers see big business in BangladeshGlobal suppliers of textile machinery see a huge potential to grow their business in Bangladesh as international fashion brands are shifting huge quantities of orders...Lincoln commercial real estate market continues to improveDespite high inflation and the threat of a recession, commercial real estate occupancy in Lincoln continues to see improvement, according to the latest report from...Lyocell Fibers Market to witness 8.2% CAGR from 2022 to 2031Global Lyocell fibers market size was $1.3 billion in 2021 and is set to surpass $2.7 billion by 2031, witnessing a CAGR of 8.2% from...Coal mines in China ordered to conduct safety check after fatal accidentCoal mines in several Chinese major mining regions have been urgently ordered by local authorities to carry out safety inspections after a lethal accident on...Taiwan revises down 2023 GDP growth forecast on export slumpTaiwan's economy is likely to grow more slowly this year than previously forecast, the statistics office said on Wednesday (Feb 22), while also slashing the...Haryana MSMEs seek Technical Textiles Lab, Testing and Training Advancements in upcoming state budgetMSME industries in Haryana have urged Chief Minister Manohar Lal Khattar to set up a centre for the technical textiles which would consist of testing...Mobile games developer Huuuge stock leaps on buyback plansMobile games developer Huuuge Inc plans to launch an up to $150 million share buyback this quarter following a review of strategic options, it said...Renewable power competitiveness in Asia Pacific worsened in 2022The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment,...What will happen to investment in textiles?It is only natural that the Bangladesh Textile Mills Association (BTMA) president would lament over the sorry state of the textile sector. Funds worth billions...SFA says consuming raw fish can pose risks after parasitic worm found in Don Don Donki rice bowlMs Jayice Tan and her husband were enjoying their ready-to-eat sashimi rice bowl that they bought from Don Don Donki Singapore's outlet at 100AM mall..."Ladies Love Eggplant Lasagna" Flows Perfectly with LL Cool JThe entertaining video is against the backdrop of the buzzing new song, “Going Back to Cali (Reimagined as Drum and Bass)", a tribute to LL...Freeport Indonesia suspends some work at Grasberg mine after floodsCopper miner Freeport Indonesia has temporarily halted mining and processing work at its Grasberg mine after flooding and debris flow from heavy rains and landslides...Moody's cuts Ukraine's rating deeper into junk territoryMoody's Investors Service downgraded Ukraine's ratings deeper into junk, or non-investment grade territory as a result of the mounting pressure on its finances amid conflict...Kitten ruse costs woman US$770,000 in Hong Kong crypto scamA Hong Kong woman trying to adopt a kitten online has lost more than US$770,000 in a crypto ruse, police said, as figures obtained by...Frette, from textiles to lifestyle focusing on the Italian spiritNot only a quantum physics experiment, but also a building can demonstrate Albert Einstein’s belief that «the separation between past, present and future is only...Electrum hired to build 200-MW solar-wind farm in PolandPolish engineering group Electrum Holding said that one of its units, Electrum Concreo, has been engaged as a general contractor for Poland's first commercial solar-wind...Zahid urges Risda to explore rubberwood furniture industryDatuk Seri Dr Ahmad Zahid Hamidi has urged the Rubber Industry Smallholders Development Authority (RISDA) to explore the rubberwood-based furniture industry to increase the income...US judge orders fresh review for Thacker Pass lithium projectA U.S. judge on Monday ordered regulators to reconsider part of the permit approving Lithium Americas Corp's Thacker Pass lithium mine project in Nevada, though...Second buy-back of 2023: Kohinoor Textile Mills announces 30m share buy-backKohinoor Textile Mills Limited (KTML) has decided to buy back 30 million of its ordinary shares, the company announced to the Pakistan Stock Exchange (PSX)...Malaysia end-Jan palm oil stocks seen at 5-month low as output drops: Reuters surveyMalaysia's palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed...Making the most of a small bedroom: Space-saving furniture ideasFor many people, a small bedroom can be a real challenge when it comes to decorating and furnishing. With limited space, it can be difficult...Bangladesh’s textile exports increasing while Pakistan’s decreasingBangladesh is a large contributor to the global textile industry, with the RMG (ready-made garment) sector accounting for 84 percent of Bangladesh’s exports. This comes...Tape Storage Market Report 2023- 2028, Size, Share, Growth, Industry Analysis, Trends and ForecastAccording to the latest report by IMARC Group, titled, “Tape Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global tape...PM Modi To Launch Key Green Energy Initiatives At India Energy WeekPrime Minister Narendra Modi will inaugurate the mega G20 event, which will witness the record participation of more than 600 exhibitors from across the globe,...India's Adani shares plunge again after stock sale cancelledUnder-fire Indian tycoon Gautam Adani insisted Thursday (Feb 2) that the fundamentals of his conglomerate were "strong" even as shares in its companies plunged again...Metal AM advances in composite tooling, Part 2As reported in the December 2022 issue of CW, hard tooling is an important, potentially costly and often rate-limiting step in the process of bringing...Current Events Influence Trim Trends at Munich Fabric StartThe Spring/Summer 2024 trims on display at Munich Fabric Start last week spoke to how technology, global events and the five senses are affecting design...CDC vouchers can now be used at Giant, Ang Mo supermarketsCommunity Development Council (CDC) vouchers can now be used at Giant and Ang Mo supermarkets, bringing the total number of supermarket chains accepting them to...Big response to third NYSERDA offshore wind power solicitationInternational energy majors and regional players have lost none of their appetite to supply New York State with offshore wind generated renewable energy. The New...China economic activity swings back to growth in JanuaryChina's economic activity swung back to growth in January, official data showed on Tuesday (Jan 31), after a wave of COVID-19 infection passed through the...Change coming to Fabric District as key business closes for goodThe founders of a business that helped shape Liverpool’s up and coming Fabric District have called time on the venture five years after its launch.The...Toyota defends title as world's top-selling automaker in 2022Toyota Motor Corp sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world's top-selling automaker for a third straight...Bproperty, DCG merge to propel real estate in BangladeshBangladesh’s largest real estate solutions provider, Bproperty, has announced that it will merge with Australian-based Digital Classifieds Group.The deal means Bproperty from now on will...No drop in energy bills despite fall in cost of gasIt could be months before Irish households see a reduction in their energy bills, despite the price of wholesale gas falling to levels before the...Japan eyes easing South Korea export controls as Seoul seeks to bolster ties: ReportJapan is considering relaxing controls on exports to South Korea as President Yoon Suk-yeol seeks to improve ties amid a strained East Asian security environment,...Bangladesh textile manufacturers to display products at Rajkot trade fairTalking to The Indian Express, Tejura said that this will be a big plus for this year’s show which will be organised on NSIC Ground...Hyundai Motor's Q4 net profit triples but misses expectationsSouth Korea's Hyundai Motor Co on Thursday reported a tripling in fourth-quarter profit on strong demand for its high-margin sport-utility vehicles and a weak won.Hyundai...Some factors that will shape textile agriculture this 2023Amidst the continuing price inflation and globalization, many producers and consumers are making sustainability a priority in industries. This general trend will dominate textile agriculture...Singapore's core inflation unchanged at 5.1% in December, averaged 4.1% for 2022Singapore's core inflation remained unchanged at 5.1 per cent year-on-year in December, official data showed on Wednesday (Jan 25). Smaller price increases for retail and other...Japan Companies Turn to Apple Waste to Make Eco-Friendly LeatherFaux leather is nothing new, but leather made from apple waste has been drawing the attention of both companies and consumers.Frequently referred to as apple...UK fishing fleet backed by Orsted to help clean up North Sea marine litterOffshore wind giant Orsted is giving the UK fishing fleet the tools to help in a last line of defence against marine litter.Starting in Grimsby...Australia's Coronado Global sees coal prices rising on resuming China importsAustralia's Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices higher in the short term, with...Brisk business for car rentals over Chinese New Year periodChinese New Year visiting is in full swing this year with no pandemic restrictions and rental cars appear to be a popular way to get...Vijay Kedia buys fresh stake in this textile stock during Q3Indian ace investor and stock market trader Vijay Kedia has picked up fresh stake in textile maker Siyaram Silk Mills Ltd during the three-months period...Robotic Technology is Reducing the Price of Offshore Wind PowerOff the coast of Portugal, a team of underwater robots is scanning the base of turbines on a wind farm and looking for signs of...Textiles warn govt of protest against delay in clearance of cotton importsAs Pakistan struggles to boost depleting foreign exchange reserves, the textile owners threatened the government of staging a protest due to the delay in the...South Korean exports fall 2.7% in Jan 1-20 periodSouth Korea's exports for the first 20 days of January fell 2.7 per cent from a year earlier, but the pace of drop was slower...Canadian luxury real estate entering 'buyer's market': ReportCanadian luxury real estate may be shifting into buyer's market conditions this year, according to a new report from Sotheby’s International Realty Canada, as prices...Vietnam EV maker VinFast plans promotions in response to Tesla price cutsVietnam's electric vehicle (EV) maker VinFast said on Thursday it will launch promotions to protect the market competitiveness of its models, a week after Tesla...Booming Textile and Apparel Industry to Increase the Sales of Textile MachineryThe global textile machinery market is estimated to garner US$ 52 billion by 2033, advancing at 6.1% CAGR from 2023 to 2033, as per a...China issues third warning against speculation in iron oreChina's state planner on Wednesday issued its third warning this month against excessive speculation in iron ore, adding it will increase supervision of the country's...Textile-based installations by Kaarina Kaikkonen reimagine the urban architectureA piece of garment is not another object of cloth that holds an immaterial value. Rather the personal attachment it draws has been of significance...China Dec steel output rises from prior month, annual output fallsChina's December steel output rose 4.5 per cent from the prior month, official data showed on Tuesday, as demand for the material used in construction...Enhanced Meck County recycling program now includes textilesThe list of what can be recycled and dropped off at Mecklenburg County’s full-service recycling centers has expanded. The enhanced program has grown beyond large...Japan's sharp wholesale price rise heaps pressure on BOJ's ultra-easy policyJapan's annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday (Jan 16), adding to recent growing signs of inflationary pressure...ZIPCushions bring their comfort and style cushioning to Boulder MarriottZIPCushions is proud to announce the successful completion of its recent collaboration with Marriott. ZIPCushions played a key role in the renovation projects of the...Hope for Kenya's textile industry as PS Mukhwana promises changesThere is hope for the textile industry in Kenya after Industrialisation Principal Secretary Dr Juma Mukhwana promised to revive it. Speaking in Eldoret on Friday, January...Utilize Waterproof Reverse Polarity SMA Bulkheads In Demanding EnvironmentsAmphenol RF expands its reverse polarity SMA panel mount offerings with durable IP67 bulkhead jacks designed to accommodate various micro coax cable types.Amphenol RF is...TSMC Q4 profit rises 78%, beats market expectationsTaiwanese chipmaker TSMC posted a 78 percent rise in fourth-quarter net profit on Thursday, as strong sales of advanced chips helped it defy a broader...Billionaires' squabble stalls Australia-to-Asia solar power projectThe developer of a $21-billion project aiming to deliver solar power to Singapore from Australia has collapsed as its two main backers, Australian billionaires Mike...UK slashes energy subsidies for businesses in 2023/24Britain announced plans on Monday to scale back energy subsidies for businesses for the next financial year by about 85% to 5.5 billion pounds ($6.7...Analysts turn bullish on China stocks, which now look 'enticingly attractive'Chinese stocks are poised for a turnaround in 2023, said market observers, citing attractive valuations and a long-awaited reopening that may lift the world’s second-largest...‘The farms were so inefficient’: Indonesian start-ups seek to modernise agricultureArief Witjaksono remembered feeling excited when a few friends asked him to join a chicken breeding business in 2018.Chicken is the most widely consumed protein...Afghanistan’s Taliban sign oil extraction deal with Chinese companyAfghanistan's Taliban government has signed its first international contract to drill for oil in the Amu Darya basin in the country's north.The 25-year agreement was...Amazon CEO says job cuts will exceed 18,000 workersAmazon.com's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in...UK sets new record for wind power generationBritain has set a new record for wind generation as power from onshore and offshore turbines helped boost clean energy supplies late last year.National Grid’s...Taiwan to give cash payouts to citizens in 'New Year blessing'Taiwan plans to give cash payouts of nearly $200 to every citizen this year, Premier Su Tseng-chang announced on Wednesday, saying the island's economic growth...Singapore economy grew 3.8% in 2022, slower than 7.6% growth in 2021: MTI advance dataSingapore’s economy grew 3.8 per cent for the whole of 2022, slowing from the 7.6 per cent growth in the year before, according to advance...Global economy faces tougher year in 2023, IMF's Georgieva warnsFor much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States,...Croatia switches to euro, enters borderless Europe clubCroatia on Sunday (Jan 1) switched to the euro and entered Europe's passport-free zone - two major milestones for the country after joining the EU...