U.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rents, signs of firming inflation that could allow further monetary policy tightening from the Federal Reserve this year.
The world’s top cotton buyers, all in Asia, are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fibre, affected the size and quality of the crop, dealers said.
With the number of disposable coffee cups reaching epic proportions and recycling of such cups being patchy at best, Selfridges has announced a new initiative to turn them into its distinctive yellow shopping bags.
Amazon.com Inc is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico’s nascent e-commerce industry.
United Nations sanctions on North Korea’s important textiles industry are expected to disrupt a business largely based in China and pose compliance headaches for clothing retailers in the US and around the world.
Industry-wide retail sales in August and September will fall in the wake of hurricanes Harvey and Irma, with apparel retailers such as Gap Inc expected to take a longer-term hit than restaurant operators.
France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter.