An Ethiopian delegation led by state minister for trade and industry Teka Gebreyesus Entehabu recently visited the BEXIMCO Industrial Park in Dhaka to see large-scale vertical operations. The Bangladesh Export Import Company Limited, commonly known by its trade name BEXIMCO, also discussed its plans to set up...
India is expected to regain the top-producer status in 2019-20 season, surpassing China, which became the leading cotton producer in 2018-19, according to the US department of agriculture (USDA). India’s cotton production during the season is forecast to increase by 3-million-bales to 28.5 million bales, while China...
Bangladesh’s Commerce Minister
Tipu Munshi today requested his Indian counterpart Suresh Prabhu to take
necessary measures to withdraw anti-dumping duty on Bangladeshi products as
they met on the sidelines of WTO ministerial meeting in India's New Delhi.
“He (Munshi) urged his counterpart to lift the anti-dumping duties...
The US-China trade war that has raged
for the past year could cause a disastrous $US600 billion
blow to the global economy. That’s the grim assessment of the Organization
for Economic Co-operation and Development (OECD), which warned a further
escalation of the crisis could impact a world economy already weakened by
sluggish...
The restrictions would limit
Hikvision’s ability to buy U.S. technology and American companies may have to
obtain government approval to supply components to the Chinese firm, the New
York Times reported on Tuesday. The United States stuck Huawei Technologies on
a trade blacklist last week, effectively banning U.S. firms from doing...
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...