From China to India, Asia braces for EU plan to kill fast fashion

From China to India, Asia braces for EU plan to kill fast fashion

BENGALURU/HONG KONG/HO CHI MINH CITY — European regulators have declared war on “fast fashion,” forcing a rethink of the throwaway culture that has dominated the 21st-century clothing industry and promising to rejigger sartorial supply chains that reach deep into Asia . Proposed rules from the European Union would force companies to overhaul their clothing designs … Read more

Gucci x Adidas sell $1,644 umbrella that isn’t waterproof, faces backlash in China

Gucci Adidas umbrella, umbrella without waterproof, sun umbrella, Gucci, Adidas, umbrella without protection from rain, $1600 umbrella, China, China outcry against sun umbrella, indian express

Luxury label Gucci and sportswear firm Adidas AG have drawn the ire of people in China as they sell an umbrella worth 11,100 yuan ($1,644) which is not waterproof. The brands, however, claim that the product was not designed to protect from rain. Gucci’s website, which earlier described it as an umbrellalater changed the classification … Read more

Pandas devour ice cake to celebrate 50 years at National Zoo

Pandas devour ice cake to celebrate 50 years at National Zoo

WASHINGTON (AP) — The “cake” was made from frozen fruit juice, sweet potatoes, carrots and sugar cane and it lasted about 15 minutes once giant panda mama Mei Xiang and her cub Xiao Qi Ji got hold of it. The National Zoo’s most famous tenants had an enthusiastic breakfast Saturday in front of adoring crowds … Read more

Wind energy installations must quadruple to hit net-zero goals: GWEC

Wind energy installations must quadruple to hit net-zero goals: GWEC

Onshore and offshore wind turbines photographed in Flevoland, the Netherlands. Mischa Keijser | Picture Source | Getty Images The wind energy sector had its second best year in 2021 but installations will need to dramatically increase going forward to keep track with net-zero goals, according to a new report from the Global Wind Energy Council. … Read more

US-listed China stocks are volatile but analysts urge caution

US-listed China stocks are volatile but analysts urge caution

The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images Some analysts remain pessimistic on US-listed Chinese stocks, warning the road ahead remains uncertain despite signs that they’re at less risk of being delisted from US exchanges. “Global investors … Read more

US-listed China stocks are volatile but analysts urge caution

US-listed China stocks are volatile but analysts urge caution

The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images Some analysts remain pessimistic on US-listed Chinese stocks, warning the road ahead remains uncertain despite signs that they’re at less risk of being delisted from US exchanges. “Global investors … Read more

China could make a U-turn to stop its companies being kicked off Wall Street

China could make a U-turn to stop its companies being kicked off Wall Street

hong kong CNN Business — China is extending an olive branch to the United States in a bid to prevent Chinese firms from being kicked off the US stock market. The China Securities Regulatory Commission, the country’s top securities watchdog, has proposed changing a decade-old rule that forbids Chinese firms from sharing sensitive data and … Read more

America Is Finally Taking The Battery Metal Shortage Seriously

Battery Metal

The Biden Administration is preparing to give legislative impetus to domestic mining of key battery minerals as it aims to reduce foreign reliance on critical metals in the push for clean energy. US President Joe Biden is expected to invoke this week a defense law to allow access to funding for American companies, which can … Read more

Walgreens, Baidu, Novavax and others

Walgreens, Baidu, Novavax and others

Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue also topping Wall Street forecasts. Comparable pharmacy sales rose 7.3%, helped by demand for Covid vaccines. Walgreens shares initially rose in the premarket but … Read more

Not-so-fast fashion: EU reveals crackdown on disposable clothing | Fashion Industry News

Not-so-fast fashion: EU reveals crackdown on disposable clothing |  Fashion Industry News

The new rules also seek to contain the release of microplastics and improve global labor conditions in the garment industry. The European Union warned consumers to stop using their clothes like throwaway items and said Wednesday that it plans to counter the polluting use of mass-market fast fashion. New rules proposed by the EU’s executive … Read more