Latest Articles in Business

Recover joins Turkish Ünteks Group to boost industrial use of its recycled cotton

Madrid – Spanish company Recover, a recognised industry leader in the global production of recycled cotton fibres, has today announced a partnership agreement with Turkish textile company Ünteks Group. Through this new alliance, both companies will collaborate to promote the use of recycled cotton within the textile and fashion ecosystem....

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UK enforces FCA regulations on Buy Now, Pay Later sector

Consumers using Buy Now, Pay Later (BNPL) services will now be covered by the same regulatory protections as other forms of consumer credit after new rules have come into force by the UK government on July 15. The changes place BNPL providers, including Klarna, PayPal and Clearpay, under the supervision of the Financial Conduct Authority (FCA)....

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TikTok boosts the British economy by 10 billion pounds

Social media platform TikTok, known for its short-form videos, is “turning online discovery into real-world growth and jobs,” unlocking entrepreneurialism in Britain, as new research shows that the platform contributed at least 10 billion pounds to the UK economy in 2025 and supported 153,000 jobs. The report utilises research conducted by...

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Re&Up secures B Corp certification

Re&Up has become a certified B Corporation, marking a milestone in the company’s efforts to scale textile-to-textile recycling while meeting verified standards for social and environmental performance, transparency and accountability. The Eindhoven-based company develops recycled cotton fibres and polyester chips from end-of-life textile waste...

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A quarter of US cotton acres now provided through U.S. Cotton Trust Protocol

U.S. Cotton Trust Protocol, the voluntary sustainability program for US cotton growers and traceability platform for all US cotton, has announced that one in four cotton acres now provides field-level data through its scheme. In a statement, U.S. Cotton Trust Protocol said it has hit a new milestone for supply chain transparency, with 2.34...

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India introduces ban on imports produced with forced labour

The Indian government has announced a new regulation prohibiting the import of goods produced or manufactured, either wholly or in part, through the use of forced labour. The Ministry of Commerce and Industry issued the notification through the Directorate General of Foreign Trade, which inserts new clauses into the Foreign Trade Policy 2023....

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Dr. Martens reports steady operational performance and unchanged FY27 outlook

Ahead of its annual general meeting (AGM) being held at 9.30am BST today in London, British footwear brand Dr. Martens plc (Dr. Martens), released a trading update confirming that its operational performance since the start of the current financial year has been in line with management expectations. Consequently, the group has left its guidance...

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Frasers Group reportedly allowed to bid on Harvey Nichols

British retail giant Frasers Group has been given the green light to place a bid on the ailing luxury retailer, Harvey Nichols. The Sports Direct owner had previously demanded access to the sale process, yet its interest was contested by brands selling through the department store chain that had raised concerns over the potential takeover....

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Switzerland, Britain conclude 'modernised' free trade deal talks

Switzerland and Britain have concluded negotiations on an upgraded free trade agreement, Bern said Monday, saying the deal would boost legal certainty for businesses in both countries. Following Britain's 2016 decision to leave the European Union, London swiftly concluded a trade agreement with Switzerland in 2019 to stake out their trade...

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Richemont accelerates growth thanks to jewellery business

Richemont remains on a growth trajectory. The Swiss jewellery and watch group significantly increased its sales in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from its jewellery houses, Cartier and Van Cleef & Arpels, continue to be highly popular. The company announced on Wednesday that group...

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Trump scraps Hormuz toll, replacing it with trade deals with Gulf countries

Madrid – US president Donald J. Trump is continuing his unusual, unique and controversial policy of demanding the most only to ultimately impose the least. He has now announced his decision to scrap a 20 percent levy on all cargo passing through the Strait of Hormuz. The levy has been abandoned in favour of trade and investment agreements with...

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Detroit's Shinola debuts first brand campaign as Swiss rivals navigate a volatile year

As Swiss watch brands contend with a reshaped US tariff regime and supply disruptions stemming from the conflict in the Middle East, Detroit-based Shinola is making its most ambitious brand statement to date. On Tuesday, the company unveiled its first-ever overarching brand campaign, "Set The Pace," reintroducing the Runwell, the watch that...