Houthi threats to alternative routes spark textile trade concerns

The recent threat from the Houthis to attack the alternative trade route is causing concern among traders worldwide, as it poses a risk of another decline in trade. This adds to the growing uncertainty, resulting in...

UK's clothing imports down 17.3% to £1.13 bn in Jan 2024

In January 2024, the UK's clothing imports decreased by 17.38 per cent year-on-year to £1.136 billion, despite a month-on-month rise from December 2023. Fabric and fibre imports also declined compared to the...

Bank of Japan raises benchmark interest rate for 1st time in 17 years

The Bank of Japan recently raised its benchmark interest rate for the first time in 17 years. The lending rate for overnight borrowing was raised to 0-0.1 per cent from minus 0.1 per cent. Monetary policy will...

Austria's Lenzing releases combined annual & sustainability report

Lenzing's inaugural combined annual and sustainability report emphasises social and environmental responsibility. Achievements include significant emissions reductions, net-zero targets, and advancements in recycling...