As international footwear brands look to source their production needs, and with many also looking to diversify outside of China, the world's current largest producer and exporter of leather, experts believe that Agra would fit the bill. Agra is home to a number of such small-scale units that contribute significantly to the nation's overall production and add greatly to India's leather footwear exports. [Read more at: economictimes.indiatimes.com]
Climate change is transforming the global investment landscape, creating new risks and opportunities. For this it is important to know if a company's resources are physically vulnerable, the volume of greenhouse gases it emits and its plans to reduce emissions. @IMFNews proposes the Network for Greening the Financial System directory that assesses available climate data, identifies gaps and offers practical and concrete ways to fill these gaps. [Achieving Net-Zero Emissions Requires Closing a Data Deficit - IMF]
On the indirect consequences of war, such as economic ones with rising inflation: in the UK the first strike in 30 yearsof the workers of the port of Suffolk [Felixstowe: Dock workers strike for first time in 30 years – BBC]
A Democratic U.S. Senator (Photo: Sen. Joe Manchin, D-W.Va.) who has proven to be a thorn in the White House's side, stunned Washington by announcing sudden support for President Joe Biden's main agenda item that calls for a 15% tax on businesses to fund the green transition [Senator Joe Manchin suddenly backs Biden climate and tax bill – BBC]
Given the context of war in Ukraine, many do not imagine that the country's businesses will still be able to move forward. Designer Elena Reva is among the more than 10 million people who have left their home in Ukraine. Interviewed by WWD, Reva described how her life has been turned upside down over the past six weeks, but she is determined to keep her business going. Its label is among the 30 Ukrainian brands that are now being sold via the newly launched e-commerce Angelforfashion.com site.
According to the "Business Confidence Index" survey, conducted by South Asian Network on Economic Modeling(SANEM), general business confidence between January-March falls compared to October-December 2021. There are 7 manufacturing sectors observed (+8 service sectors): RMG, textiles, leather goods and tannery, pharmaceutical and chemical, food industry, electronics, and mechanics.
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