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Curbs introduced by the Chinese government on the use of electricity within the country have been significantly disrupting the textile supply chain, creating anxiety among garment manufacturers even beyond China’s borders. 

These challenges have unfolded after the powerful National Development and Reform Commission (NDRC) on September 16 unveiled a plan stipulating that China will firmly control energy-hungry and high-emission industrial projects.…

Turkish apparel manufacturers are investing significant sums of money in sustainability and traceability, implementing international standards, and adopting digitalisation in anticipation of more consumer demand for eco-friendly products.

With Turkey a higher-end (and cost) apparel manufacturing hub than east Asia, Egypt or Africa, the country’s industry is banking on its value-added production to retain as well as expand exports to Europe and North America.…

The Turkish apparel sector is looking to build on its long-standing record as a major apparel producer for the American market, offering quality products at a swifter time-to-market than its key competitors in Asia, especially China.

Turkey’s apparel exports to the USA remain robust – at around USD1 billion-a-year according to Mehmet Kaya, a board member of the Istanbul Apparel Exporters Association (İstanbul Hazır Giyim ve Konfeksiyon İhracatçıları Birliği – İHKİB).…

The new chair of the International Accounting Standards Board (IASB) has said the body will consider reviewing its standard on intangibles, IAS 38. Following feedback from advisory groups and consultative bodies, Andreas Barckow said that IAS 38 is “more than 20 years old and has never been revisited other than for consequential changes resulting from other projects”.…

The Covid-19 coronavirus outbreak was declared a pandemic on March 11, 2020, by the World Health Organization (WHO) after it spread from Wuhan, China, across the globe. As yet, the world does not know for sure how and why the virus was released.…

One of the world-changing impacts of the Second World War was an understanding that unfettered competition between nation states was not just undesirable, but – if taken to its logical conclusion – would lead to war. Amidst the ruins of Europe, as an exhausted continent stumbled out of conflict, new thinking emerged, that economic links between neighboring countries be deliberately forged to create interdependence that would encourage cooperation to achieve wealth.…

One of the most important changes in geopolitics in the past 10 years has been the rise of China’s economic and military power, which has grown so much, its influence is now a serious rival to the hegemony of the United States.…

Many friends ask me why, as a businessman and investor controlling pioneering projects, why I am concerned with politics? I always answer that my experience has taught me that the key to progress lies in politics, and this is especially true in Arab countries, where, frankly, politics is everything. …

After the Second World War, Europe emerged economically and socially drained. The war had destroyed so much housing, industry and infrastructure and killed millions of people. Unsurprisingly, the societies of countries who had fought – or been fought over – and that was most of the continent – were brought their knees by the conflict.…

Hubris comes in many forms, but surely the rushed exit of American forces from Afghanistan to meet an artificial political deadline of the 20^th anniversary of the September 11 attacks in the USA is a breathtaking example.

Rather than strengthening the agents of reform in Afghanistan, upon which the US and its allies have inefficiently spent trillions of dollars, this helter-skelter exit has undermined them, leaving at the mercy of a resurgent Taliban.…