World Debt hits record USD 184 trillion states IMF

On December 13, 2018, the International Monetary Fund (IMF) updated its publicly available Global Debt Database (GDD) – a comprehensive dataset covering public and private debt for virtually the entire world (190 countries) dating back to the 1950s. Today’s update of the GDDoffers for the first time a glimpse of global debt developments up to … More World Debt hits record USD 184 trillion states IMF

EU-Japan trade agreement on track to enter into force in February 2019

The European Commission welcomes December 12, today’s approval in the European Parliament of the EU-Japan Economic Partnership Agreement and the EU-Japan Strategic Partnership Agreement. The trade agreement negotiated by the Commission is the first ever to include an explicit reference to the Paris climate agreement. It will create an open trading zone covering 635 million … More EU-Japan trade agreement on track to enter into force in February 2019

Fashion Heads are coming together to design a Better Future

Stella McCartney, Burberry among fashion brands uniting against climate change The multitrillion-dollar business of fashion, with its complex and long supply chain, is worryingly vexed with problems contributing to climate change. The fashion industry emits more greenhouse gas than all international flights and maritime shipping journeys combined, and it is estimated that a garbage truck’s … More Fashion Heads are coming together to design a Better Future

US Apparel sales sees highest growth since 2011, inventory issues plague retailers

The apparel industry seems to be bouncing back with shoppers flocking reputed stores such as Lululemon, Abercrombie & Fitch, Old Navy and Urban Outfitters this holiday season. As Abercrombie & Fitch CEO Fran Horowitz reveals, outerwear sales are trending higher during the fourth quarter, thanks to cooler temperatures finally hitting much of the country, in … More US Apparel sales sees highest growth since 2011, inventory issues plague retailers

Sears seeks offers on stores Lampert needs for turnaround

By guest author Lily Katz from Bloomberg published in theSpokesman Review on December 10, 2018 Sears Holdings is shopping around its stores, looking to gauge what they’re worth in the open market while it weighs Chairman Eddie Lampert’s $4.6 billion bid to buy the entire chain and keep it open. The firm has hired real … More Sears seeks offers on stores Lampert needs for turnaround