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The European Commission has approved a $10.18-billion Italian scheme under the State aid Temporary Crisis and Transition Framework to support electricity production from renewable energy sources to foster the transition towards a net-zero economy.
The measure will support the construction of new onshore wind, solar photovoltaic, hydropower and sewage gases electricity production installations.Read More

In the first 11 months of 2024, China’s exports of textiles, garments, and accessories reached $273.059 billion, marking a slight increase of 2.24 per cent over the previous year.
The growth was fuelled by textile products, despite a marginal decline in garment exports.
Conversely, imports of textile yarn and fabric dropped by 8.1 per cent.Read More

For the first time in four months, US container imports in November dipped below 2.4 million TEUs—a threshold that has historically strained US maritime logistics.
They fell by 5 per cent month on month (MoM) to 2,368,758 TEUs, according to Descartes.
In November, US container imports from China also declined MoM by 7.5 per cent, ending a four-month stretch of volumes exceeding 900,000 TEUs.Read More

The ZEW Indicator of Economic Sentiment for Germany rose to 15.7 points in December 2024, up 8.3 points from the previous month, reflecting improved economic outlook due to expectations of pro-investment policies and potential interest rate cuts.
However, assessments of the current economic situation in Germany and the eurozone remain negative.Read More

The US Government Accountability Office (GAO) has found that efforts by most federal entities to reduce textile waste and promote textile recycling are ‘nascent’.
Entities carry out individualised efforts and give these a lower priority than other goals, GAO said in a report to Congressional requesters.
GAO identified opportunities for inter-agency collaboration to improve these efforts.Read More