‘Bad’ foreign firms drive U.S. manufacturing jobs revival

Reuters analysis of federal jobs data shows that out of 656,000 new manufacturing jobs created between 2010 and 2014, two thirds can be attributed to foreign direct…

Bankers and lawyers prepare for spate of company rescues as coronavirus bites

Lawyers and bankers said companies mainly in the transport, travel and retail sectors had made the first approaches but in the next few months there could be…

Egypt seeks to weave cotton renaissance

Durable, fine and luxuriously soft, cotton sourced from Egypt has long been seen as the best on the market.But recent years have been far from smooth for…

Felixstowe port workers plan second eight-day strike

Felixstowe is again under the threat of a second eight-day strike in an ongoing pay dispute. It is scheduled to run across 27 September-5 October. If it goes…

Grosvenor joins ‘Race to Zero’, will work with tenants on environmental initiative

The commercial property giant, which is landlord to nearly 1,000 businesses in London’s West End, has joined ‘The Race to Zero’ initiative.That’s the global campaign backed by the…

India eyes single regulator for e-commerce sector

Some of the measures suggested in the Draft National Policy Framework include local data storage, mandating the use of home-grown card payment network RuPay for online transactions…

Counterfeits cost Europe 16 billion euros each year- agency

The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing sector, costing 12 billion euros ($13.1 billion) annually,…

J&J recalls 33,000 bottles of baby powder as FDA finds asbestos in sample

J&J shares fell more than 6% to close at $127.70 (98.7 pounds).The move marks the first time the company has recalled its iconic baby powder for possible…

Fashion brands ignore -endemic- abuse of Syrian refugees in Turkey

Child labour, pitiful pay and dangerous conditions are among the risks facing undocumented Syrian refugees working in Turkey’s garment industry, according to the Business and Human Rights…

Low-cost e-commerce rivals Shein and Temu shelve US court cases

Joint declarations were filed to courts in Chicago and Boston by lawyers representing the companies and their subsidiaries, requesting that two legal cases be dismissed “without prejudice”…