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Turkiye has set its new minimum monthly age at TL 22,104 ($630.36) for 2025—up by 30 per cent from the previous year’s figure.
The announcement followed the recently-held fourth meeting of the Minimum Wage Determination Commission that was boycotted by the Confederation of Turkish Labour Unions (Turk-Is) in protest.
Turk-Is had demanded a minimum wage of TL 29.583, a 70-per cent hike.Read More

ICE cotton recorded its lowest trading volume in two years on Thursday due to shortened post-Christmas trading hours.
The March 2025 contract closed at 68.75 cents per pound, down 0.03 cents, with prices in a tight range.
Brazil’s cotton acreage is forecast to rise 6.5 per cent year-on-year to 2.12 million hectares.
NYMEX crude oil prices fell, impacting polyester prices.Read More

Neelam Shami Rao has been transferred from the post of secretary of the National Commission for Minorities under the minority affairs ministry to the position of textiles secretary, succeeding Rachna Shah.
Neerja Sekhar has been transferred from the post of special secretary in the ministry of information and broadcasting to the position of director general of the National Productivity Council.Read More

The IMF recently urged Australia to prioritise efforts to rejuvenate productivity growth; focus on competition policy, reforms in capital and labour markets, and opportunities presented by AI technologies; and confine green industrial policy initiatives to narrow objectives.
Real income growth from rising wages and tax cuts may boost private consumption, while public demand will remain strong.Read More

Syensqo and Emulseo have announced a collaboration to drive advancements in microfluidic technologies, particularly for healthcare applications.
This partnership focuses on developing innovative solutions for diagnostics, drug delivery systems, and personalised medicine.
The collaboration is set to enhance the adoption of microfluidic technology in both healthcare and industrial applications.Read More

SABIC has introduced LNP Elcres CXL PC copolymers, designed for demanding applications in the mobility, electronics, and infrastructure sectors.
These copolymers offer superior chemical resistance, mechanical strength, and durability under extreme conditions.
SABIC’s innovative materials aim to address the growing demand for lightweight yet resilient components.Read More