Summary of News 2021(Part 3 continued)

This is number 3 of the continued Summary of selected News 2021.

Announcement of the IMF 2020 Annual Meetings Youth Fellowship Contest Winners

During the 2020 Annual Meetings, the International Monetary Fund (IMF) welcomed 26 bloggers/vloggers, journalists, communications experts, young professionals, and students to participate in the first series of the IMF Youth Fellowship Contest, which included a training program on media and video storytelling with discussions on current global economic issues including inclusive growth, inequality, fintech, and climate change.

The 2020 IMF Youth Fellowship Contest provided an opportunity for young participants to become part of the global efforts to build forward better and join the IMF at the forefront of the response to the crisis. Participants had a first-hand experience of the IMF virtual Annual Meetings and participated in virtual training led by IMF experts and media professionals from the Financial Times, Politico, and CNBC Digital to boost their skills as multimedia storytellers in the current economic environment, focusing on building a better future for youth.

At the end of the training, the fellows were tasked with entering a short video or article that answered the following question : What policy priorities must be considered to address the current crisis and thus build a path towards a greener and more equal recovery that creates more jobs and opportunities for youth?

After reviewing the entries, we are happy to announce the 4 winners:

  • Mary-Jean Nleya (Botswana)- Topic: A Digitally Transformed Economic Recovery that Works for African Youth
  • Krithiga Narayanan (India)- Topic: Gender Inclusive Policies for a Faster Recovery
  • Cynthia Nyongesa (Kenya) – Topic: Policies to Create Jobs and Opportunities for African Youth
  • Alex Segura (Spain) – Topic: Can Fintech Companies Help Close the Gender Gap in Financial Inclusion?
  • The winners will participate in a panel discussion and have their video or article featured on IMF Finance and Development Online .

We would like to thank all of the fellows for their participation in the program and entering such engaging and informative videos and articles.

EU Commission clears acquisition of Ahlstrom-Munksjö by Bain Capital

The European Commission has approved under the EU Merger Regulation the acquisition of Ahlstrom-Munksjö Oyj (‘Ahlstrom-Munksjö’) of Finland, by Bain Capital Investors L.L.C. (‘Bain Capital’) of the U.S. Ahlstrom-Munksjö is a global manufacturer and supplier of fibre-based materials.

Bain Capital is a private equity investment firm that invests in companies across a number of industries, including Fedrigoni, an Italian company active in the manufacturing and supply of various types of paper, including graphic and fine paper, security paper and solutions, self-adhesive label stock and stationery.

The Commission’s investigation found that (i) the overlaps were limited, (ii) the parties would not have the ability or incentive to foreclose markets, and that (iii) a number of strong players would remain in the market after the merger. The transaction was examined under the normal merger review procedure.


With Texworld Evolution Paris – Le Showroom, Messe Frankfurt France innovates with a unique business solution for the fashion industry

Upon the announcement of the cancellation of the February 2021 shows, the team of Messe Frankfurt France wished to offer international fashion players, buyers and exhibitors, an alternative solution to enable them to work together, build their collections and exhibit their know-how.

Held from February 1 to 5 at the Atelier Richelieu, in the heart of Paris, Texworld evolution Paris – Le Showroom will allow buyers and designers to explore offers from a selected number of exhibitors from Apparel Sourcing, Avantex, Leatherworld and Texworld Paris.

Upon invitation at the time slot of their choice, visitors will have direct access, in optimal conditions of comfort and security, to the textile and clothing collections arranged around two main areas:

• A Trend Forum imagined by the artistic directors of Texworld Evolution Paris, Louis Gérin and Grégory Lamaud, will offer to the buyers a creative inspiration book elaborated around a selection of textile and clothing samples that will become the fashion of spring-summer 2022.

• A Library will unveil, by categories, a precise selection of several thousands of fabrics samples and finished goods to be discovered in specially designed areas that will facilitate the professionals’ journey. From the moment they arrive at the showroom, buyers will be provided with a digital tool specifically developed to facilitate direct contact with manufacturersfor expressing interest, requesting samples or quotations. Le Showroom is therefore an innovative response to ensure that this essential connection between the international garment industry and textile and clothing buyers is maintained, and to prepare for the July 2021 trade shows.

“Le Showroom is the first international professional textile event to be held in Paris within a year and offers a new way of organising fashion sourcing, explains Frédéric Bougeard, President of Messe Frankfurt France. I am pleased that my team was able to draw on their experience to develop an elegant solution to meet the expectations of clients at this unique time. It completes the digital sourcing platform developed with our partner Foursource, as a support for exchange between two physical editions of our trade shows. It is crucial to offer our visitors an access, even limited, to the global offer”.

le showroom

The first Fashion « touch & feel » sourcing event in Paris in 2021.

This one-of-a-kind innovative event will take place during one week from 1st to 5th February 2021, in the heart of Paris, at an exclusive venue: the Atelier Richelieu.

The showroom will present two main areas:

  • A trend forum imagined by our Art Directors with the most promising textile samples and garments from selected companies.
  • A library displaying, per categories, several thousands of fabric samples, garments and accessories from selected manufacturers.

3 photos Paris

International and Parisian buyers will be able to obtain the Trend book, see and source products as well as contact the exhibitors for information and quotation.

This unique event will be accessible by invitation and upon reservation to allow a visit within the best (sanitary) conditions.

If you have an interest for this event, please contact us to get your invitation.

Neither a fair nor a simple showroom: join us for a new kind of sourcing!

Providing maximum convenience for visitors, Apparel Sourcing, Avantex, Leatherworld andTexworldParis belong to the cluster of related trade shows organised by Messe Frankfurt France, held in one and the same location, on the same dates and where entry is free upon presentation of professional credentials.

The Messe Frankfurt group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With about 2600 employees at 29 locations, the company generates annual sales of around EUR 736 million. We have close ties with our industry sectors and serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of the Group’s key USPs is its closely knit global sales network, which extends throughout the world.Our comprehensive range of services –both onsite and online –ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Headquartered in Frankfurt am Main, the company is owned by the City of Frankfurt (60 %) and the State of Hesse (40 %).

Copenhagen Fashion Week unveils autumn/winter 2021 schedule

Copenhagen Fashion Week, set to take place from February 2-5, 2021, has released the official schedule featuring 33 brands from the Nordic region who will showcase their upcoming autumn/winter 2021 collections.

The three-day schedule will be a continuation of its hybrid format seen during its August 2020 edition an will feature a “variety of innovative formats” in order to “respect ongoing restrictions” due to the global pandemic and in light of new Covid-19 restrictions in Denmark.

In a statement, Copenhagen Fashion Week stress that it would “work hard to ensure the safety of all participating brands and guests as the utmost priority” and added that all brand showcase formats would be announced in the new year.

Cecilie Thorsmark, chief executive of Copenhagen Fashion Week, said: “Copenhagen Fashion Week is fully aware that we are in a situation of an accelerating spread of Covid-19 and tighter restrictions and we will, of course, take all precautions to ensure everyone’s safety. At the same time, fashion week provides necessary opportunities for the industry – in terms of sales, PR and growth.

“We are confident that we have developed a viable hybrid format that enables brands to participate no matter what – with everything from pre-produced films to physical and livestreamed productions. And whether it will be with or without an audience, only time will tell.”

33 brands to showcase at Copenhagen Fashion Week for February 2021 event

The opening show will be from acclaimed Swedish menswear brand Schnayderman’s led by creative director Hampus Bernhoff. This marks the brand’s first showcase as part of the official schedule and will allow the label to showcase both menswear and womenswear.

Commenting on taking part, Bernhoff, said in a statement: “We are very excited to be part of the coming edition of Copenhagen Fashion Week. This is the first time that we are showing on an official schedule as we believe Copenhagen Fashion Week is a great platform to reach both a Scandinavian as well as an international audience.

“We are also very impressed by how Copenhagen Fashion Week has adapted quickly to the current climate, mixing digital and physical formats in a progressive way. During the last two years Schnayderman’s has grown from being just a shirt brand to full look collections, so it made sense for us to showcase with Copenhagen Fashion Week our coming autumn/winter Collection.”

Other brands taking part include Rotate Birger Christensen, House of Dagmar, Wood Wood, Ganni, Stine Goya, Holzweiler, 7 Days Active, Gesture, Rains, Mark Kenly Domino Tan, Rixo, and Stand Studio. Closing the event will be celebrated Danish designer, Henrik Vibskov.

The event will also introduce a Designer Spotlight Scheme aimed at introducing “new voices” to the fashion industry, with the first edition being awarded to Louise Lyngh Bjerregaard, a young experimental fashion brand based in Copenhagen. The label is redefining traditional knitwear by merging contrasting materials with most of the garments created using deadstock and a zero-waste policy with a focus on technical sensibility.

The autumn/winter 2021 season will also launch the Zalando Sustainability Award, which aims to place a spotlight on brands “making exceptional steps in their sustainable efforts”. The inaugural award has selected three finalists, Finnish fashion house Marimekko, Danish designer Louise Lyngh Bjerregaard and the Swedish brand House of Dagmar. The winner will be announced on the final day of Copenhagen Fashion Week.

The winner of the award will receive a prize of EUR 20000, as well as a partnership with Zalando in developing an exclusive capsule collection. The collection will contribute to the sustainability conversation by exploring sustainability solutions in design across materials, production processes, technological solutions and traceability.

Global Success of Technical Textiles will be Reflected in HIGHTEX 2021

The nonwoven and technical textiles industry has become the focus of the whole world during the pandemic process. Most countries carried out works for these sectors with their investments, production and innovations.

During the pandemic process, a new one is added every day to the works for the nonwoven and technical textiles sector, whose importance is increasing in line with the needs. Turkey has become a center of  technical textiles by showing that its accumulation in these field and power.

In the Turkish technical textiles sector, which has an export market of 107 billion dollars worldwide and continues to break its own export record every month, R&D and innovation investments continue without slowing down. Technical textile exports, which increased by 77 %  in last November compared to the same month of the previous year, increased by 55 %  in January – November period and reached 2.5 billion Dollars. Thus, technical and smart textiles and production technologies both attracted more attention and gained more importance in line with the needs of the pandemic process.

HIGHTEX 2021 Will Break A New Record

HIGHTEX 2021 International Technical Textiles and Nonwoven Fair, which will be held at Tüyap Fair and Congress Center on 22-26 June 2021, will be the exhibition where the latest technologies and products for nonwoven, technical and smart textiles which have become more important during the pandemic period and have become the focus of the whole world. Especially the products and technologies produced for the pandemic will attract more attention at the exhibition. HIGHTEX 2021 Exhibition, which will gather its exhibitors and visitors under one roof, will also allow new collaborations. At the same time, the exhibition, where developing technologies and products are exhibited, will provide a great advantage in terms of the formation of new business ideas.

HIGHTEX 2021, the first and only exhibition in Turkey in its field are expected to sign a new record in terms of number of exhibitors and visitors. You can visit website for more information about HIGHTEX 2021, which is preparing to attract more attention and host people than ever before.

2 photos

ShanghaiTex 2021 sets for November – Ready for the Post-Covid Restarts 2021

Exhibition organiser says textiles industry will be on road to recovery with global cross-border travel restarting.

Exhibition organiser says textiles industry will be on road to recovery with global cross-border travel restarting.

The ‘must-attend biennial’ event of China’s textiles and fashion industry, the 20th International Exhibition on Textile Industry (ShanghaiTex 2021), will be held at Shanghai New International Expo Center, Pudong, Shanghai, PR China, from November 23-26, 2021, organisers have announced. With vaccines likely to become widely available by the end of 2020 and extensively applied from mid-2021, global economic recovery and cross-border travel are expected to resume by the end of 2021, the show’s organisers say.

Focus on post COVID high-growth sectors

“The pandemic has driven the demand for virus-proof products such as masks and protective clothing. Many international textile and apparel brands have incorporated antibacterial and functional concepts into their products. ShanghaiTex2021 will explore new business opportunities for the textile industry to upgrade and optimize their products with showcases and concurrent activities,” the organisers explain.

The new opportunities envisioned are as follows:

Healthcare, Sports, and Antibacterial: The pandemic has undoubtedly increased the market awareness on wellness and safety. High growth in antibacterial, antiviral, or sports-related textile technologies is anticipated.

Sustainability: Sustainability has become a megatrend in the industry. With the growing eco-consciousness among consumers after various disasters, it’s high time to rethink eco-lifestyles through textile innovation.

Artificial Intelligence: AI has become an emerging tool to reduce labor costs and attain efficiency in production. The social activities restrictions by COVID-19 has further proved the importance of AI remote management and automated production.

Optimising 2O2O marketing via comprehensive database

Online Exhibition Services for ShanghaiTex Exhibitors: In response to the “contact-free” trend in this e-commerce era, ShanghaiTex will invite all the confirmed exhibitors to participate in a complementary Online Exhibition. International buyers can view the products and send instant inquiries to exhibitors on a 24/7 basis.

Join Forces with “Textech Galaxy”- The Online + Offline Platform, to Create an Interacting Industry Community: In partnership with the new textile technology platform, Textech Galaxy, a series of virtual + offline events and promotion services are being hosted. The platform allows exhibitors to promote their business via various channels.

Nine Thematic Zones at SNIEC in Pudong, Shanghai

Exploring Cutting Edge Textile Technology and Lifestyle Applications

A broad spectrum of technology, machinery, and services in the industry will be showcased, fulfilling all industry players’ interests and needs:

  • Nonwovens & Techtextile Zone (NEW!)
  • Textech Galaxy / Textech Startup Planet (NEW!)
  • Spinning, Man-made Fibre & Techtextile Machinery Zone
  • Weaving Machinery Zone
  • Spare Parts and Accessories for Textile Machinery Zone
  • Knitting & Hosiery Machinery Zone
  • Printing, Dyeing & Finishing Machinery Zone
  • Digital Printing Machinery Zone
  • Dyestuff & Textile Chemicals Zone

ShanghaiTex is sponsored by Orient International (Holding) Co., Ltd., China Council for the Promotion of International Trade Shanghai Sub-council and China Chamber of International Commerce Shanghai Chamber of Commerce, and is organized by Shanghai Textile Technology Service & Exhibition Co., Ltd., Shanghai International Exhibition Co., Ltd and Adsale Exhibition Service Ltd.

More information can be had here

ISPO Munich Online -The leading sports trade fair is happening. Online.

For the first time in its 50-year history ISPO Munich, the world’s leading trade fair for sports, will take place in a purely digital format from February 1 to 5, 2021. With nearly seven weeks to go before the start of the event, many international brands have already registered to present themselves and their products in the Expo Area. In addition, participants can also expect a comprehensive conference program. This is dedicated to a different key topic each day: from innovations and creativity to digitalization and health to sustainability.

We believe in the power of sport. It can help us to manage and solve the challenges our society is facing. It enables each of us to get through hard times, unites us and pushes boundaries. Our community and our determination are stronger. Sports makes us stronger.

Become a part of this community. Shape the future with us at ISPO Munich Online, from February 1 to 5, 2021 for the first time five days virtually with different digital formats.

Five days of business, networking and inspiration

As a digital edition, ISPO Munich Online offers the proven advantages and enables additional benefits: product experience, the presentation of new products, brands and business contacts. Networking with exhibitors, visitors, media and influencers. Participation in forums and discussion rounds via live streaming and chat rooms. All without the hassle of traveling. Securely from home or the office.

The event consists of three parts: Expo, Conference and Public Streams.

The Expo Area – virtual exhibition space

In the so-called “brand rooms” exhibitors present their products and innovations. You can see all the functions of these digital presentation areas in the video here.

The Expo Area is mainly aimed at retailers, buyers and all those who are looking for the news and innovations in brands and collections. No other format offers such a comprehensive overview of what’s new in the international sporting goods industry. The Expo Area is accessible throughout the event and is the central place to arrange and hold meetings.

The conference – focusing on the most important social issues and megatrends

Each day of the ISPO Munich Online Conference is dedicated to a specific thematic focus: Innovation & Creativity, Digitalization, Health and Sustainability. These will be addressed in a wide variety of formats – from exhibitor workshops and presentations by industry experts to interdisciplinary discussion panels. There are suitable offerings for every industry target group.

Public Streams – Bring sports enthusiasm into everyone’s living rooms

Sports have never been as important for society as they are in the current situation. ISPO Munich Online has therefore developed a format so that as many people as possible can satisfy their hunger for sports despite lockdowns, closed sports fields, and social distancing: Public Streams.

Brands, clubs, and organizations have the opportunity to create 35-minute sessions to get athletes around the world moving or excited about a cause. 


Lucyd Introduces Lyte Bluetooth E-glasses, an Evolved Wearable Emerging from the 700 Year History of Eyewear.

Lucyd®, the smart eyewear and wearable software developer, is proud to introduce the Lucyd Lyte™. The Lyte is tech-enhanced eyewear on par with designer, lightweight, fashion frames. The Lyte represents both the pinnacle of form factor for tech glasses and a technology evolution in the miniaturization of components. The e-glasses enable wearers to seamlessly play music, take phone calls and chat with their phone’s assistant while keeping their ears free and clear; a true co-connected experience via strategic open-ear technology. Lucyd is also in development of a voice-controlled app called Vyrb™, which will allow users to listen and respond to social media posts with their voice, without looking at their smartphones, and can be accessed via wearable tech like the Lyte. 

Hi-fi Bluetooth® Audio

•             Rapid pairing with Bluetooth 5.0 and automatic reconnection. Automatically seeks connection when removed from charger. 

•             Clear sound quality for calls, music and podcasts.

•             Open-ear audio for safe & aware listening

Intuitive Touch Controls

•             Answer calls, skip tracks, adjust volume and use voice assistants like Siri® by tapping your glasses.

•             Access core smartphone functions handsfree while looking up and staying engaged with 25+ lens options.

Additional features

•             Custom lens fulfillment, including complex and difficult prescriptions, direct from Lucyd

•             IP56 Water Resistant (Splash-proof)

•             6.5 hours of playback time

•             Featherlight fit at 1.25 oz.-1.45 oz.

“It’s not just about expanding our connection to technology, but quite the opposite, it’s really about connecting our technology to us,” said Harrison Gross, Lucyd cofounder and CEO. “The new Lucyd Lyte collection is affordable at USD 149 and will work seamlessly with our Vyrb application bringing true voice interaction to our social media interactions.”

Richard Sherman, star NFL cornerback and Lucyd brand ambassador states, “I think everyone should be excited about Lucyd because it’s been a pioneer in the eyewear space, this technology’s transcendent. Lucyd is ahead of the curve.”

Lucyd’s mission is to Upgrade your eyewear® with advanced ergonomic frames that are easy and fun to wear enhancing awareness to stay safely connected. The Lucyd brand is exclusively licensed to and operated by Innovative Eyewear, Inc.

To learn more, or order Lucyd Lyte, please visit or Innovative Eyewear’s Registered Crowdfund

Related video can be had here


U.S. Army-funded smart fabric collects space dust on International Space Station

By U.S. Army DEVCOM Army Research Laboratory Public Affairs

An Army-funded smart fibre being tested on the International Space Station could be used to develop space dust telescopes and allow astronauts to feel through their pressurized suits.

Researchers at the Army’s Institute for Soldier Nanotechnologies at the Massachusetts Institute of Technology developed an acoustic fabric so sensitive to vibrations that it can detect impacts from microscopic high velocity space particles. A more earthly application of these fabrics could be for blast detection and in the future act as sensitive microphones for directional gunshot detection.

The fabric system contains thermally drawn vibration-sensitive fibres that are capable of converting mechanical vibration energy into electric energy. When micrometeoroids or space debris hit the fabric, the fabric vibrates, and the acoustic fibre generates an electrical signal.

“This is an exquisite example of harnessing nanoscience for technology development that bridges the physical and digital domains,” said James Burgess, ISN program manager for the Army Research Office, an element of the U.S. Army Combat Capabilities Development Command, now known as DEVCOM, Army Research Laboratory. “Delivering revolutionary methodologies that result from foundational science is always one of our main priorities, and the opportunity to collect data from space dust using a fibre sensor as a key building block of the system is truly exciting.”

The U.S. Army established the ISN in 2002 as an interdisciplinary research center devoted to dramatically improving the protection, survivability, and mission capabilities of the Soldier and Soldier-supporting platforms and systems.

The acoustic fibre was developed through ISN projects aimed at building next-generation fibres and fabrics for Soldier uniforms and battle gear that could detect a variety of physiological parameters such as heart rate and respiration as well as external sounds like gunshots and explosions.

“Traditional telescopes use light to learn about distant objects; this fabric uses space dust analysis to learn about space,” said Dr. Yoel Fink, professor of Materials Science and Electrical Engineering at MIT. “This is a great example of how ISN projects allow us to be highly responsive to opportunities and meet challenges far beyond what we initially imagined.”

MIT graduate student Juliana Cherston, the project’s leader, applied another piece of ISN technology—the Laser-induced Particle Impact Test array, which uses lasers to accelerate tiny particles to supersonic or even hypersonic speeds, and allows researchers to image and analyze their impact on target materials—to demonstrate that the fabric system could accurately measure the impulse of small particles travelling at hundreds of meters per second.

Scientists are now using ISN facilities to test the sensitivity of the acoustic fabric for impacts from micro-particles with similar kinematics as certain types of high velocity space dust. Simultaneously, researchers are baselining the fibre sensor’s resiliency to the harsh environment of Low Earth Orbit on the International Space Station.

For this initial launch, the research team worked with the Japan Aerospace Exploration Agency and Japanese company Space BD to send a 10 cm by 10 cm sample of the high-tech fabric to the International Space Station, where it was installed on an exterior wall, exposed to the rigors of space. The fabric sample, unpowered for now, will remain on the orbiting laboratory for one year, in order to determine how well these materials survive the harsh environment of low Earth orbit.

The team is also scheduled for an electrically powered deployment of the fabric through sponsorship of the International Space Station U.S. National Laboratory in late 2021 or early 2022. The International Space Station U.S. National Laboratory works in cooperative agreement with NASA to fully utilize the orbiting platform to bring value to our nation through space-based research and enable a low Earth orbit economy.

“Thermally drawn multi-material fibres have been developed by our research group at MIT for more than 20 years,” said Dr. Wei Yan, postdoc in MIT’s Research Laboratory of Electronics and the Department of Materials Science and Engineering. “What makes these acoustic fibres special is their exquisite sensitivity to mechanical vibrations. The fabric has been shown in ground facilities to detect and measure impact regardless of where the space dust impacted the surface of the fabric.”

The white surface of the International Space Station is actually a protective fabric material called Beta cloth, a Teflon-impregnated fibreglass designed to shield spacecraft and spacesuits from the severity of the elements more than 250 miles above the Earth’s surface.

The research team believes the acoustic fabric could lead to large-area fabrics that accurately measure the impulse on spacecraft of micrometeoroids and space debris travelling at kilometers per second. The smart fabrics may also help provide astronauts with a sense of touch through their pressurized suits by providing sensory data from the exterior of the suit and then mapping that data to haptic actuators on the wearer’s skin.

In one year, these samples will return to Earth for post-flight analysis. The researchers will measure any erosion from atomic oxygen, discoloration from ultraviolet radiation, and changes to fibre sensor performance after one year of thermal cycling.

“It’s easy to assume that since we’re already sending these materials to space, the technology must be very mature,” Cherston said. “In reality, we are leveraging the space environment to complement our important ground-testing efforts. Our focus is on baselining their resiliency to the space environment.”