Insights Global growth is forecast to slow to 2.3 per cent in 2025, its weakest pace since 2008 outside recessions, amid trade tensions and policy uncertainty. Nearly 70 per cent of economies face downgraded forecasts. Developing economies are hit hardest, with slowing trade, rising debt, and limited fiscal space. The World Bank urges reforms, trade diversification, and cooperation to restore momentum. Global growth is now projected to slow to 2.3 per cent in 2025, nearly half a percentage po

Insights US and Chinese officials yesterday agreed in London to again try to implement the trade war truce that collapsed amid allegations from both sides weeks after it was reached in Geneva. US commerce secretary Howard Lutnick announced a 'handshake' deal to put into effect the terms of the May 12 US-China agreement. The London deal will be put into effect once it gets presidential nod on both sides. US and Chinese officials yesterday agreed in London to again try to implement the trade wa

Key Takeaways Hybrid protective fabrics blending HPPE, steel, glass, basalt, and tungsten are revolutionising PPE by offering multi-hazard resistance without compromising comfort. These engineered blends enhance durability, mobility, and thermal protection. Recycling challenges remain, making circular design essential for future sustainability in protective textiles. As workplace risks evolve, with potential injuries from sharp metal edges and abrasive surfaces to thermal hazards, traditio

Insights China's total goods trade rose by 2.5 per cent year-on-year to 17.94 trillion yuan (~$2.5 trillion) in the first five months of 2025, with export growth of 7.2 per cent offsetting a 3.8 per cent decline in imports, according to customs data. In May alone, trade increased by 2.7 per cent, as exports increased 6.3 per cent and imports dropped 2.1 per cent. China’s total goods trade reached 17.94 trillion yuan (~$2.5 trillion) during January–May 2025, marking a 2.5 per cent

Insights Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen, to be held from June 11–13, 2025, will spotlight innovation, sustainability, and technology with global exhibitors, new zones like Fashion Gallery and The Closet, and 30+ seminars. Highlights include digital fashion, AI trends, and eco-solutions, with Yarn Expo focusing on sustainable yarns. Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen, held concurrently with PH Value and BIRD Fashion Fair, will be a

Insights A study led by Warren Jasper shows machine learning can reduce textile dyeing waste by accurately predicting dry fabric colours from wet samples. A neural network model trained on 763 samples achieved near-perfect accuracy, helping avoid costly errors. Jasper urges wider adoption to boost sustainability and efficiency in continuous dyeing. A new study, led by Warren Jasper, professor at the US' Wilson College of Textiles has demonstrated how machine learning can help reduce waste in

Insights ICE cotton futures rose on Thursday, driven by a strong US export sales report, a weaker dollar, and higher crude oil prices. The July 2025 contract settled at 65.36 cents per pound. Weekly US cotton exports rose 15 per cent to 316,100 bales, with total sales surpassing 12 million bales. A softening US labour market and hopes for improved US-China trade relations also supported sentiment. ICE cotton futures closed higher on Thursday, supported by a strong US export sales report. Robu

Insights Eurozone manufacturing grew for a third month in May, with the PMI rising to 49.4. Greece led, while Spain returned to expansion. France nearly stabilised; Germany remained weakest. Demand steadied, export orders improved, and business confidence hit a 27-month high. Input costs fell, aiding ECB rate cut prospects, says HCOB's de la Rubia. The euro area manufacturing sector recorded its third consecutive month of output growth in May, reflecting stabilising demand and easing contract

Insights China has accused the US of violating the May trade truce, warning of “resolute” countermeasures if US actions continue. The truce had temporarily eased tariffs, but tensions have risen again over chip export curbs and visa bans. While US officials allege China has not upheld its part, Beijing rejected the claims. Trump and Xi are expected to speak this week. China yesterday accused the United States of ‘seriously violating’ the May trade truce concluded in Ge

Insights Fitch Ratings has downgraded its 2025 outlook for the US retail and consumer products sector to 'deteriorating', citing tariff uncertainty, soft consumer demand, and sourcing risks, especially for soft goods retailers. Apparel and footwear sales are expected to decline mid-single digits, pressuring margins. While firms like Dillard's remain resilient, others like Capri Holdings face heightened risk. Fitch Ratings has warned that ongoing trade tariff uncertainties continue to pose exe