News from World

tag: ECONOMIA

14 March 2023

WWF asked the leather industry to adopt the DCF (Deforestation/Conversion-Free) impact verification protocol to achieve the zero impact rate on deforestation

All buyers of cowhides or leather anywhere along the value chain – from slaughterhouses to consumers – have a role to play in driving more sustainable production and eliminating deforestation and conversion. Given leather’s status as a luxury good and association with quality, consumer pressure for and awareness of sustainable practices is high. Thus, leather companies and their customers hold a unique lever that can be used to encourage and support sustainable practices. [Leather Also Has a Role to Play in the Fight Against ... - WWF]

10 February 2023

South Korea is the world’s 10th-biggest economy and is leading an oriental fashion revolution

But the won has long been treated like an emerging-market currency. The government is trying to change that — and join currencies like the U.S. dollar, euro, and yen — by loosening trading restrictions. The new measures will double the hours of open trading and let international investors deal directly with local brokerages that might offer better rates. South Koreans are the world's biggest spenders on luxury goods and the country is the first and the biggest foreign investor in the RMG and textile sector in Bangladesh

08 February 2023

At the end of 2022, Indonesia lost more than 25,000 jobs in the footwear sector

Indonesia posts 5.31% GDP growth in 2022, - reports the CNA news agency - , the highest in almost a decade. In contrast, thousands of workers in the footwear industry in Tangerang, Banten, were laid off in the last quarter of last year. The president general of the Indonesian Footwear Association (Aprisindo) Eddy Widjanarko had already declared in November that the number of workers laid off in the footwear sector had reached 25,700. [Ribuan Pekerja of Industri Sepatu Tangerang Kena PHK ... - Tempo.co]

03 February 2023

China's economy is recovering, what does that mean?

China’s economy is set to rebound this year as mobility and activity pick up after the lifting of pandemic restrictions, providing a boost to the global economy. When China’s growth rate rises by 1 percentage point, growth in other countries increases by around 0.3%. That underscores how domestic reforms could boost China’s economy and that of others too. [China’s Economy is Rebounding, But Reforms Are Still Needed – IMF]

24 January 2023

In a constant push towards binding legislation on climate and social impact, is the fashion industry ready for the future?

The fashion industry is moving from self-regulation and the blah-blah of non-legally binding pacts to meaningful sustainability legislation, as evidenced by activity in France that’s pushing the agenda forward more so than other countries. The French government’s proactive stance is a sign of things to come in Europe and beyond, says Lisa Lang, Director Policy & EU Affairs Orchestrator, at the innovation catalyst Climate-KIC, co-funded by the European Union.

04 January 2023

COVID surge hits China’s economy

China’s skyrocketing cases of COVID-19 since it abandoned pandemic restrictions are hampering its economic recovery.

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