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Fibre2Fashion
2d ago
Global growth, estimated at 3.2 per cent in 2023, is projected to continue at the same pace in 2024 and 2025, IMF’s World Economic Outlook April 2024 said. Global headline inflation is expected to fall from an annual average of 6.8 per cent in 2023 to 5.9 per cent in 2024 and 4.5 per cent in 2025. Risks to the global outlook are now broadly balanced ..read more
Fibre2Fashion
2d ago
LANXESS introduces Lewatit UltraPure resin grades for efficient water treatment in PEM electrolysis, supporting sustainable hydrogen production. These resins ensure low TOC levels and stable water quality, crucial for PEM electrolysis operation. LANXESS collaborates with gas producers to establish standards for water treatment in PEM electrolysis plants ..read more
Fibre2Fashion
2d ago
NPA reportedly spent over $200 million on dredging the channels leading to the Lagos Port Complex (LPC), the Tin-Can Island Port, Roro Port, and container terminal in last 10 years. LPC is the primary gateway for cargo into West Africa region, due to traditional volumes of trade within Nigeria and high level of accessible routes through the hinterland ..read more
Fibre2Fashion
2d ago
The National Board of Revenue (NBR) issued a rule making electronic lock and seal mandatory for transit and transshipment goods through Chittagong and Mongla ports to India. This will help minimise risks of transit goods movement. Also, e-tracking would be conducted through GPS system to ensure accuracy of imported goods’ shipment from ports to destinations ..read more
Fibre2Fashion
2d ago
The March 26 collapse of a Baltimore bridge is amplifying recent supply chain challenges and any prolonged disruption to port operations could impede affected supply chains for goods and commodities, S&P Global Market Intelligence said. The disruption will be felt more locally and the auto, coal, oil and gas, and agribusiness sectors will especially hit ..read more
Fibre2Fashion
2d ago
While last year’s global economic slowdown was less severe than projected, further growth deceleration could be expected this year, cautions UNCTAD. Market expectations for lower interest rates raise hope for mitigating the pressure on private and public budgets worldwide in 2024. Merchandise trade may not be a significant driver of growth this year, it says ..read more
Fibre2Fashion
2d ago
According to fDi Intelligence magazine, Cambodia leads amongst 10 emerging markets to attract Foreign Direct Investment in 2024. The other nine emerging markets are Philippines, Kenya, Iraq, Namibia, Kazakhstan, Azerbaijan, Morocco, Serbia, and India. As per IMF forecast Cambodia’s GDP growth in 2024 will be 6.1 per cent, up from 5.6 per cent last year ..read more
Fibre2Fashion
2d ago
China's Q1 2024 industrial output rose 6.1 per cent, with manufacturing up by 6.7 per cent. High-tech manufacturing soared 7.5 per cent, up 2.6 points from Q4 2023. March output increased by 4.5 per cent. Early 2024 profits for major industrial firms hit 914.1 billion yuan (approximately $128.7 billion), a 10.2 per cent year-on-year rise ..read more
Fibre2Fashion
4d ago
The Conference Board’s leading economic index for Germany was unchanged in February at 88.5 following a 1.1-per cent January fall. Its coincident economic index for the country also remained unchanged in February at 103.9 after a 0.1-per cent rise in January. Negative LEI growth on a six-month basis—below its long-term trend—signals near-term recession risks ..read more
Fibre2Fashion
4d ago
The seasonally-adjusted US producer price index (PPI) for final demand rose by 0.2 per cent in March. Final demand prices rose by 0.6 per cent in February. The unadjusted index for final demand increased by 2.1 per cent for the 12 months to March. Prices for final demand for goods decreased by 0.1 per cent in March after rising by 1.2 per cent in February ..read more