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Fashion Industry Faces Challenges in Addressing Textile Waste and Circularity

Fashion Industry Faces Challenges in Addressing Textile Waste and Circularity

Fashion Industry Faces Challenges in Addressing Textile Waste and Circularity

XPENG Plans EV Production in Malaysia, Expanding ASEAN Market Reach

XPENG Plans EV Production in Malaysia, Expanding ASEAN Market Reach

XPENG is in negotiations with EP Manufacturing Bhd to initiate electric vehicle (EV) production in Malaysia, with mass production expected to start in 2026. The focus is on producing vehicles for right-hand markets across the ASEAN region. This move follows XPENG's recent production start in Indonesia and plans to produce vehicles in Austria, aiming to expand its global footprint and reduce tariffs on its vehicles in the EU. XPENG's sales have surged by 156% this year, reaching 391,937 units, indicating strong performance in its home market of China and potential for growth in overseas markets.

Chinese Investors Explore Renewable Energy Opportunities in Bangladesh

Chinese Investors Explore Renewable Energy Opportunities in Bangladesh

Chinese investors have shown significant interest in expanding their investments in Bangladesh, particularly in the renewable energy sector. This interest was expressed during a meeting between a delegation of Chinese investors and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Dhaka. The discussions focused on enhancing trade and investment ties, with an emphasis on strengthening Bangladesh's capacity in man-made fiber, high-value fabrics, chemicals, and technology-intensive sectors. The meeting was led by BGMEA Senior Vice President Inamul Haq Khan, with the Chinese delegation headed by Frank Yi, chairman of BETTEX Industries Ltd. The Chinese investors are keen on joint ventures in MMF-based textiles, chemicals, and renewable energy, which could reduce production costs and improve competitiveness. The meeting also highlighted the potential for collaboration in AI-powered manufacturing systems and integrated supply-chain solutions.

Indonesia expects to wrap up U.S. tariff talks by year-end

Indonesia expects to wrap up U.S. tariff talks by year-end

JAKARTA, Dec 12 (Reuters) - Indonesia expects to complete tariff talks with the United States by the end of the year, its chief negotiator said on Friday, with a delegation set to visit Washington next week to resume them.

Indonesian Agriculture Companies Report Profit Growth Amid Regulatory Challenges

Indonesian Agriculture Companies Report Profit Growth Amid Regulatory Challenges

The top 30 publicly-listed Indonesian agriculture companies have reported improved profitability in Q3 2025, driven by higher palm oil prices and operational efficiencies. Companies like Astra Agro Lestari and Charoen Pokphand Indonesia saw significant profit increases due to better product mixes and cost management. However, the industry faces challenges from government enforcement actions on illegal plantations, which have introduced supply uncertainties. Despite these challenges, integrated poultry and feed companies have also shown profit recoveries due to lower input costs and stronger broiler prices.

Exclusive-Google faces EU fine next year for favouring own services, sources say

Exclusive-Google faces EU fine next year for favouring own services, sources say

By Foo Yun Chee BRUSSELS, Dec 11 (Reuters) - Alphabet's Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people familiar with the matter said.

Paradigm and Perfect Bore to Launch Gun Barrel Coating Facility in UK

Paradigm and Perfect Bore to Launch Gun Barrel Coating Facility in UK

Paradigm Shift Technologies and Perfect Bore Defence are partnering to establish a gun barrel coating facility in the UK. The facility will utilize Enhanced Physical Vapor Deposition (EPVD) technology for 155mm artillery barrels, offering an alternative to chrome plating, which faces regulatory challenges in the EU. EPVD coatings aim to enhance barrel performance and longevity while reducing environmental impact. The facility will support both defense and commercial sectors, with operations expected to begin in 2026.

Italy's Government Asserts Control Over National Gold Reserves Amid ECB Dispute

Italy's Government Asserts Control Over National Gold Reserves Amid ECB Dispute

Italy's Prime Minister Giorgia Meloni's nationalist party has declared that foreign shareholders of Italy's central bank should not have rights over the country's gold reserves. This stance comes amid a dispute with the European Central Bank (ECB) regarding an amendment to Italy's 2026 budget law, which asserts that the Bank of Italy's gold belongs to the Italian people. The ECB has expressed concerns about the amendment, citing risks to the central bank's independence and potential violations of EU regulations. Italy holds the world's third-largest national gold reserves, valued at approximately $300 billion, and the government is working on rewording the amendment to address the ECB's concerns.

Fashion Industry Criticized for Failing to Protect Workers from Extreme Heat

Fashion Industry Criticized for Failing to Protect Workers from Extreme Heat

The fashion industry is under scrutiny for not adequately protecting garment workers from extreme heat conditions, as reported by Climate Rights International (CRI). Workers in Bangladesh and Pakistan have reported severe health issues due to rising temperatures exacerbated by poor working conditions. CRI's investigation revealed that indoor temperatures in factories often exceed outdoor heat, worsened by machinery and lack of ventilation. In response, CRI and 44 organizations urged the International Accord to include climate-related hazards in its safety protocols. The Accord has agreed to treat heat stress as a workplace safety risk, marking a significant shift in its mandate.

UK Joins European Defence Export Treaty, Enhancing Military Cooperation

UK Joins European Defence Export Treaty, Enhancing Military Cooperation

The United Kingdom has officially joined the European Defence Export Treaty, which includes France, Germany, and Spain. This agreement facilitates easier export license approvals among the member countries, allowing up to 20% UK content in defense products without delay. The treaty, initially formed between France and Germany in 2021 and later joined by Spain, aims to strengthen defense cooperation amid global tensions and increased military demand. The UK's accession follows significant defense deals, including a frigate agreement with Norway and a Typhoon contract with Türkiye. Despite previous political frictions post-Brexit, the UK has now aligned with this treaty to boost its defense exports and deepen security ties with European partners.

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Circular Fashion Models Gain Traction Amid Decline in Finland's Apparel Imports

Circular Fashion Models Gain Traction Amid Decline in Finland's Apparel Imports

Finland has experienced a 6% decline in apparel imports from January to August, reflecting broader trends across the Nordic region. This decline is attributed to several factors, including inflationary pressures and mild winter conditions that have reduced the demand for outerwear. Additionally, there is a growing interest in circular fashion models, such as second-hand platforms, rental services, and repair programs. Finnish consumers are increasingly prioritizing durable basics and functional garments, which has helped maintain stable demand for items like trousers and everyday T-shirts, despite the overall decrease in import volumes.