News from World

tag: Mit

09 March 2023

Kanye West's anti-Semitism costs Adidas a mountain of unsold shoes

Adidas is not sure what to do with $1.2 billion worth of unsold Yeezy shares after ending its partnership with Kanye West after the latter made a series of anti-Semitic comments last year, leading Adidas to pull its brand back from sale. The debacle, along with what one analyst called a "catastrophic performance" in China, could lead to Adidas' first annual loss in 31 successful years. [Adidas warns of first loss in decades after split with Kanye West - sky.com]

16 December 2022

The US breathes new life into AfCFTA

The United States’ Biden administration gave a big fillip to the Africa Continental Free Trade Agreement (AfCFTA) this week. The US Trade Representative Katherine Tai revealed in an interview on Monday at the Semafor Africa Summit that her agency was working on signing a memorandum of understanding with the AfCFTA countries to expand the U.S.-Africa trade relationship.

09 December 2022

The future of AGOA for the international value chain

The future of the African Growth and Opportunity Act (AGOA) will be one of the key talking points with African governments when they meet U.S. government officials at the White House’s US-Africa Leaders Summit next week with the 49 heads of state and other leaders. [The future of US-Africa trade is in the balance - Semafor]

28 September 2022

"On Web 3, brands are testing the potential and everyone is looking for their model"

The NFT allows the creation of products and collections with unique pieces online or digital doubles. Finally, by offering virtual outfits and accessories in games, the application creates a connection with players who will be the luxury customers of tomorrow. @FNW presents the report “Luxe et technologie: les débuts d'une nouvelle ère” (Bain & Company e Comité Colbert) which estimates that this segment will represent 5% to 10% of the luxury turnover in 2030. [Luxe: un important potentiel d'accélération dans les technologies – FNW]

08 July 2022

Sensory shoe: new frontier for sport or orthopedics

Researchers at the Massachusetts Institute of Technology (MIT) have invented a tight-fitting fabric that can recognize the movements and even posture of the wearer. The researchers also used a circular knitting machine to produce a tight-fitting smart textile shoe with 96 pressure sensing points spread across the entire 3D fabric, MIT said. [US researchers develop fabric that senses wearers' movements – fibre2fashion]

03 June 2022

Bangladesh tanneries: good availability of raw materials but lack of compliance

Bangladesh’s leather sector is unable to fully tap its potential and expand its footprint globally despite the domestic availability of raw materials due to lack of compliance. As a result, exporters are getting 30-40 per cent lower prices for their products in the global market compared to competitors. Fair price cannot be ensured in the domestic market too. [Bangladesh leather exporters get 40% less due to lack of compliance - Fibre2Fashion]

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