BRUSSELS, February 26 - The EU has demanded that the United States stick to the terms of a trade deal they agreed last year after the U.S. Supreme Court struck down President Donald Trump's global tariffs and he responded with a new, across-the-board "import surcharge".WHAT ARE THE TERMS OF THE 'TURNBERRY DEAL'?Trump and European Commission President Ursula von der Leyen concluded a deal at Trump's Turnberry golf course in Scotland last July. Sign up here.It set a broad 15% U.S. tariff for most EU exports ...

GREENSBORO, N.C.--(BUSINESS WIRE)--Unifi, Inc. (NYSE: UFI), the makers of REPREVE® and one of the world's leading innovators in recycled and synthetic yarns, today released its FY2025 Sustainability Snapshot. The Snapshot highlights UNIFI®'s progress on the growth of the REPREVE platform and commitment to circular materials. The company celebrated a huge milestone in the Snapshot, hitting 1 billion T- shirts' worth of textile and yarn waste transformed through the REPREVE platform including: REP. ...

Investment Rating - The report suggests a positive outlook for Indonesia's trade integration efforts, indicating potential GDP gains through structural reforms and trade liberalization, aiming for high-income status by 2045 [5][12]. Core Insights - Indonesia is pursuing greater trade openness to leverage external demand for economic growth, with a focus on reducing non-tariff barriers and implementing structural reforms to enhance trade integration [5][12]. - The analysis indicates that significant GDP gains can be achieved through unilateral actions to reduce non-tariff barriers, complemented by trade agreements with major partners [5][12]. - Structural reforms in human capital and logistics are essential to further enhance trade integration and reduce trade costs, thereby broadening Indonesia's comparative advantages across sectors [5][12]. Summary by Sections A. Key Policies and Structural Factors Affecting Trade - Indonesia's average tariffs on manufactured goods have declined, but non-tariff barriers remain elevated compared to regional peers, indicating room for further reductions [18][19]. - The impact of non-tariff barriers on trade is substantial, with potential GDP increases of 5% from removing major NTBs [19]. B. Model and Scenario Description - A quantitative trade model is used to assess the implications of deeper trade integration, focusing on reducing non-tariff barriers and enhancing logistics and human capital [33][36]. C. Main Results - The ambitious trade integration scenario could boost Indonesia's real GDP by 4.1% in the medium to long term, primarily through lower non-tariff barriers and improved access to intermediate goods [41][42]. - Unilateral reductions in non-tariff barriers can benefit many sectors, leading to overall GDP increases despite some sectoral reallocations [43][46]. D. Exploiting Complementarities between Trade Integration and Other Structural Reforms - Structural reforms are crucial for achieving high-income status, with key areas including logistics, governance, and human capital development [53][54]. - Trade liberalization can support the development of new comparative advantages, particularly in GVC-linked sectors and modern services [53][54].

IDFC First Bank Ltd disclosed a potential fraud incident, involving unauthorised activities worth ₹590 crore by certain employees at its Chandigarh branch, linked to Haryana Government accounts. The issue surfaced from a Haryana Government department’s account closure request, revealing discrepancies between stated balances and actual funds. Further probes from February 18 showed mismatches in other Haryana entity accounts at the branch. Preliminary review confirms the matter is isolated to specific governm ...

Core Insights - iFabric Corp. has launched a new medical apparel brand, Frontline™, which features scrubs engineered with the company's proprietary antimicrobial and durable water-repellent technologies, PROTX2® and ecoPEL™ [1] - The launch is seen as a significant commercial milestone, aimed at expanding the reach of clinically-proven infection prevention textile technology to healthcare professionals [1] - Intelligent Fabric Technologies (North America) Inc. (IFTNA), a wholly-owned subsidiary of iFabric, is positioned as a comprehensive partner in delivering proprietary technologies from development to finished consumer products [1] Company Developments - The new Frontline™ brand will be available for sale at a major Canadian wholesale club retailer, indicating a strategic move to penetrate the healthcare market [1] - The combination of PROTX2® and ecoPEL™ has been validated through a peer-reviewed clinical study, demonstrating statistically significant bacterial reduction on treated scrubs [1] - This initiative reflects IFTNA's commitment to enhancing its role in the healthcare sector by providing advanced textile solutions [1]

The US is moving to reduce its so-called reciprocal tariff on goods from Bangladesh and offering a new exemption for textile products, the White House said Monday, in the latest adjustment for the South Asian country https://t.co/Bn2I76sYbQ ...

Core Insights - The 2026 Africa Regional Conference, hosted by JCtrans, will take place on March 5-6, 2026, in Casablanca, Morocco, providing a strategic opportunity for enterprises to unlock Morocco's hub value and connect with global partners [1][9] Industry Overview - Morocco is emerging as a strategic logistics hub due to its free trade network with 55 countries, enhancing resilience in global supply chains [2][4] - The automotive sector in Morocco has seen significant growth, with exports exceeding USD 15.7 billion, supported by major manufacturers like Renault and Peugeot [5] - The textile industry has become Africa's largest apparel supplier to Europe, benefiting from zero tariffs to the EU, while agriculture and renewable energy sectors are attracting global investments [5] Conference Value Proposition - Morocco offers zero tariffs and a "Green Channel" for nearly 70% of its trade with Europe, providing cost-efficient access to European and American markets [7] - Tangier Tech City serves as a strategic launchpad for global expansion, showcasing successful China–Africa industrial capacity cooperation [7] - The Port of Tangier Med, North Africa's largest container port, facilitates intermodal transport and serves as a cross-regional distribution hub with an annual throughput exceeding 9 million TEUs [7] Networking and Collaboration - The conference aims to transition participants from "Awareness" to "Mastery" through policy insights and on-site visits [8] - It will facilitate "Precise Matching" through one-on-one meetings, fostering deep trust in premium business settings [8] - The event is designed as a platform for continuous exposure, beyond just a single conference [8]

GOOD MORNING. WE SHOULD HAVE THAT RIGHT ANNOUNCEMENT ANY MOMENT NOW. WHAT ARE YOU EXPECTING. ARE YOU EXPECTING A RATE CUT OR CONSENSUS.WE ARE LEANING TOWARDS A PAUSE, BUT EVEN IF ONE WERE TO HAPPEN, IT IS PROBABLY THE END OF THE RATE CUTTING CYCLE FOR NOW. WE THINK THE RBI'S ACTIONS ON MAINTAINING A LIQUIDITY SURPLUS IN THE MARKET IS MORE IMPORTANT. WE KNOW HOW YOU GET THAT TRANSMISSION, BUT WE DON'T THINK EVEN IF THEY DO A RATE CUT NOW THAT YOU HAVE ANOTHER ONE LEFT.BUT LIQUIDITY MEASURES -- IF THE PRESSUR ...

Last year, I lived in a cabin in the Pacific Northwest, just outside of Seattle. Every morning, I woke up watching the sunrise over the Cascade Mountain Range. My main source of entertainment was what was happening outside the cabin. an eagle flying over the water, divebombing into the water to get that fish and effortlessly flying away. I developed a deep reverence in the 15 years I was at the cabin for nature and it's where I started my business and started studying the how nature operated and applied it ...

Core Viewpoint - Gabriel Holding A/S has shown growth in its continuing operations despite challenging market conditions in the furniture industry, with expectations for revenue and earnings to persist into the 2025/26 financial year [2][3]. Financial Performance - Continuing operations achieved a revenue growth of DKK 5.8 million, or 5%, in the first quarter, resulting in total revenue of DKK 129.2 million compared to DKK 123.5 million in the previous year [5]. - The primary result (EBIT) for continuing operations improved from DKK 4.1 million to DKK 9.2 million, attributed to increased revenue, improved gross margin, and stable cost levels [5]. - Cash flow from operating activities for the Group was DKK 36.9 million, up from DKK 33.8 million [5]. Market Outlook - Management anticipates that the challenging market conditions affecting the furniture industry will persist into the 2025/26 financial year due to ongoing geopolitical risks [2][3]. - Revenue from continuing operations is projected to be between DKK 510–550 million, with primary earnings (EBIT) expected to be in the range of DKK 40–55 million [3]. Business Segments - Growth in continuing operations is primarily driven by the textile business and advancements in North America, Asia, and Europe [5]. - The discontinued operations (FurnMaster) experienced a revenue decline of 19%, with a profit after tax of DKK –3.5 million, an improvement from DKK –9.4 million in the same period last year [5]. Overall Profitability - The total profit after tax, including results from discontinued operations, was DKK 2.2 million, compared to a loss of DKK –2.2 million in the previous year [5].