The event marks Walmart’s first effort to grow its nascent advertising business and heralds the retailer’s rising challenge to online ad leaders Alphabet Inc’s Google, Facebook Inc and Amazon.com Inc. The event, called “5260,” is named after a Walmart store near the retailer’s hometown of Bentonville, Arkansas,...
Sweden’s biggest mortgage bank has returned to the safest corner of the debt market after a money-laundering scandal drove up funding costs for riskier bonds. Swedbank AB, which is based in Stockholm, on Monday issued euro-denominated covered bonds for a second time this year, offering €1.25bn ($1.4bn)...
Nike has come up with a new workbook ‘Circularity: Guiding the Future of Design’, to provide designers and product creators across the industry with a common language for circularity. The guide was created in collaboration with the students and staff of Central Saint Martins, University of the...
India’s chemical industry is poised for strong growth in the future, says a report by Crisil Research. Going forward, with India’s GDP projected to grow at 7.5 per cent in the medium term, demand for specialty chemicals from various end-use industries – textiles, automobiles, construction and consumer...
The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction of official foreign exchange supply to textile importers to boost domestic production. Bank governor Godwin Emefiele said the target is to revive and...
Vietnamese textile and garment exports to Trans-Pacific Partnership (CPTPP) markets have failed to match the country's stature as the world’s second largest apparel exporter, general director of the Vietnam National Textile and Garment Group (Vinatex) recently told a Montreal workshop attended by representatives of 35 Canadian enterprises....
Stocks continued the losing streak for the second day in a row on Monday as shaky investors continued binge selling on sector-wise shares. Market analysts said the financial sector remained volatile with liquidity crisis, rising interest rate, huge non-performing loans and pressure on the exchange rate that...
Uzbekistan is highly keen to develop the bilateral trade relation with Bangladesh. It has emphasized on utilising probable ways and means to expand the trade between the brotherly two countries. The existing trade might be diversified by active steps of business community of both the countries, it...
Sri Lanka’s apparel industry, with an export target of $8 billion by 2025, is keen on expanding its global footprint by aggressively competing in emerging markets and widening its presence in non-traditional countries, according to Tuli Cooray, secretary general of the Joint Apparel Association Forum (JAAF). Last...
ZimTrade, Zimbabwe’s export promotion body, has urged Zimbabwean tanners to upgrade their tanning processes in order to improve the quality of the finished leather they are supplying to the industry. In the organisation’s latest report, it said the sector — which once employed as many as 5,600...