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US Monetary Policy Report hints at a recovery amid risks

The US Monetary Policy Report hinted at the recovery of the US economy with GDP growing in the second half of 2023 amid a partially vulnerable financial sector, which is recovering as the year progresses. ....

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Can revival of textile sector lead to economic stability in Nigeria?

Nigeria, a key African economy, faces economic challenges despite abundant resources.
Inflation, at 30 per cent, exacerbates living costs.
Misguided policies and forex reserves shortage worsen the ....

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Global fashion companies report mixed results in FY23

Amazon reported robust performance in Q4 and FY23, with net sales reaching $170 billion in Q4 (up 14 per cent YoY) and $574.8 billion for FY23 (up 12 per cent YoY).
Operating income for FY23 surged to ....

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MMF garments dominate 46% of UK's apparel imports from Cambodia

MMF based garments comprised 46.07 per cent of the UK s apparel imports from Cambodia in January-November 2023, valued at $403.453 million.
Cotton apparel accounted for 37.46 per cent at $327.995 million. ....

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Luxury giants report mixed performance in FY23

In FY23, luxury brands saw varied performance.
Hermes reported full-year sales rise of 21 per cent, reaching €13.4 billion, and net profit rising 28 per cent to €4.3 billion.
Hugo Boss achieved record ....

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