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THE CURRENT global energy crisis and its attendant price rises have had “a dramatic impact on the profitability of many companies” in the textile and clothing sector, and a European Union (EU)-wide cap on gas prices is essential, Dirk Vantyghem, director general of the European Apparel and Textile Confederation (Euratex), has told WTiN.…

The Covid-19 pandemic has not just weakened and disrupted supply chains in the high-end fabric and yarn sector, it has encouraged mergers and acquisitions (M&A) among companies to strengthen trade flows. One key example this year in Italy’s luxury fashion sector is the acquisition by leading Italian luxury fashion house Brunello Cucinelli SpA in March (2022) of a 43% stake in the share capital of its historic cashmere yarn supplier Cariaggi Lanificio SpA.…

Europe’s textile sector has said digital technologies will have a key role to play in implementing the European Union (EU) Strategy for Sustainable and Circular Textiles (1), which was released March (2022), to ensure that by 2030, textile products placed on the market are long-lived and recyclable.…

The Greek government is seeking to grow English language higher education courses by approving a new law which will aid the creation of new English taught degrees run by Greek universities with overseas HE institutions. While these programmes were already legal, the new law clarifies how they should be operated and controlled by administrative and academic staff.…

India’s production of pashmina, the most exclusive of the cashmere fibres, is to receive an important government boost through acquiring a geographical indication (GI) from India’s Geographical Indications Registry for product sourced and spun in the Himalayan region of Ladakh.

The government of the union territory of Ladakh, which runs the mountainous territory in which Indian pashmina is producer applied for the GI certificate last year (2021) and hopes to receive authorisation the next few months.…

With the lifting of the Covid-19 induced lockdown in Shanghai at the start of June, the world’s largest wool exporters are hoping for less disruption to their business with China. But ongoing Covid outbreaks in the country, alongside the government’s continued zero-Covid policy, whereby cities are closed to control infections, and a backlog at its ports, are still causing concern.…

Tobacco manufacturers and retailers have expressed concerns about a crackdown on cigarette advertising in the Indonesian capital, Jakarta, which has been well-known for an unusually liberal approach towards tobacco marketing. However, it remains unclear whether the policy, launched last September (2021) has had any impact on sales.   …

The global Islamic microfinance market has room to grow significantly if it can overcome social and regulatory barriers that have so far curbed its expansion, say experts. Given microfinance is a poverty-alleviation mechanism that provides credit and other financial resources to poor and low-income households and small-and-medium-sized businesses, it fits well with the charitable traditions of Islam.…

A lack of common international Islamic financial regulatory system is hindering the development of Islamic social finance instruments, causing a dearth of good practice solutions that could effectively fight poverty, say experts.

In the February 2021 issue of the ISRA (International Shari’ah Research Academy) International Journal of Islamic Finance, Abdulsalam Ahmed Sawmar and his co-authors say one key element of Muslim charity – zakat (obligatory charity) – historically, “has been an integral part of the Islamic economic system because of its sizable impact in achieving social harmony and preserving decent living standard for the needy segments of Muslim communities.”…

Time was when hijabs were simply religious garb for Muslim women that covered their head and chest of religiously observant women. But hijab design has become increasingly sophisticated in recent years, with wearers wanting elegance while expressing their religious identity.

In Bangladesh, for example, online fashion influencers have been particularly influential since the mid-2010s, promoting different hijab trends and styles online, with local entrepreneurs increasingly producing and selling hijabs online, especially via Facebook.…