India’s carpet exports grew by 2 percent year-on-year and reached US$ 85.65 million in August 2013, owing to increasing demand from emerging markets like China, Latin America and Africa, according to data provided by the Carpet Export ...
Struggling smartphone maker BlackBerry has quantified just how bad business is at the moment, as users abandon its once-dominant platform. The company said it plans to record a GAAP net operating loss during the July to September quarter ...
Tags: Blackberry, smartphone, Consumer Electronics
The US Department of Energy is trying to unload repayments of the loan it granted electric car maker Fisker Automotive?following the company's failure to repay federal loans of US$168 million ($178 million). Fisker won a US$528 million ...
Tags: auto, car, Transportation
The Origin Africa Designer Showcase took center stage at the AGOA Forum gala dinner in Addis Ababa, Ethiopia. The Origin Africa Designer Showcase is a fashion show to express the innovation, resourcefulness and creativity of African ...
Tags: Textile, AGOA Forum
The exports of carpets from India rose by 14.3 percent year-on-year in July 2013, due to growing demand from the US, China and Latin American markets. During the month, India exports US$ 90 million worth of carpets, compared to exports of ...
Luxembourg-based steelmaker Ternium S.A. and Tecpetrol International S.A. announced Monday that they have entered into a memorandum of understanding to jointly build and operate a natural gas-fired combined cycle electric power plant in ...
Tags: Ternium, Tenaris, Power Plant
For the last decade, it has been of utmost interest for buyers and sellers in the global textile industry to know where the goods are coming from — that is, where they are produced. The reasons for that are well-known; sustainability ...
Tags: Textile
It’s reported that Indian steel giant Tata Steel is interested in iron ore assets of one UK’s largest steel trading company, Stemcor. The company asks for banks’ rescue of more than US$1 billion loans as it was ...
Tags: Tata steel, Iron Ore
South Korea exported textiles worth US$ 2.5 billion in the first six months of the current year, showing a fall of 0.8 percent compared to exports made during the corresponding period of last year, according to the data released by the ...
Tags: Textile Exports, overall exports
Yahoo is slimming itself down again by axing 12 of its products, part of an ongoing effort to sharpen its focus on services it thinks people need in their daily lives. The list includes AltaVista, the granddaddy of search engines, and ...
Tags: Yahoo, Yahoo RSS Alerts
Mr. Kihak Sung, chairman of Korean clothing firm Youngone Corporation, has urged the Bangladesh Government to quickly remove the obstacles for full-scale functioning of the Korean Export Processing Zone (KEPZ) that has been set up on 2,492 ...
Tags: Korean EPZ, Apparel
Outokumpu will sell Terni plant, the Europe's biggest and most modern steel plants as a condition for the EU authorities to approve its acquisition of Inoxum. However, Outokumpu was not satisfied with the number of bids or the price ...
Tags: Metallurgy, Mineral, Energy
In retaliation for Europe setting a punitive tariff (11.8%) on China-made solar panels, China announced on June 5 plans to start an anti-dumping and anti-subsidy investigation against Europe-made wine imports. According to Reuters, this is ...
Tags: Wine Industry, Solar Trade Dispute
A contract between Nissan and the city of New York for a fleet of taxis is before the courts, with a New York Supreme Court Justice ruling that part of the program’s deal is “null, void and unenforceable”. Industry ...
Tags: Nissan, Auto Parts
Tesla Motors has paid off the remaining portion of the loan granted to it by the US Department of Energy in 2010. The California-based electric vehicle manufacturer transferred US$451.8 million ($464.0 million) this week to clear its debt ...
Tags: Tesla Motors, sport car