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Apparel exports to EU jump 25.3pc in four months

FE REPORTThe country's readymade garment (RMG) shipments to the European Union (EU) posted highest growth among its major competitors during the first four months of 2025, similar to the USA. The apparel exports stood at 7.54 billion euros during the January-April period, marking a 25.3 per cent increase compared to...

Shop employees idle away outside their stores in the absence of customers on Saturday, the last day of the 10-day Eid holiday,

Shop employees idle away outside their stores in the absence of customers on Saturday, the last day of the 10-day Eid holiday, as many city dwellers have yet to return from their native villages. This photo was taken inside Baitul Mukarram Market in the capital. — FE photo

Fashion retailer Shein's transport emissions rise 13.7pc

LONDON, June 14 (Reuters): Shein's carbon emissions from transporting products climbed 13.7% in 2024, the online fast-fashion retailer's sustainability report showed on Friday, and its 2023 transport emissions were 18% higher than previously reported after a recalculation.Shein uses mainly air freight to send cheap clothes directly from suppliers in China...

Japan, US explore possibility of trade deal

Japan and the US on Friday explored the possibility of a trade agreement, Japan's top tariff negotiator, Ryosei Akazawa, told a briefing, while refraining from commenting how close they are to reaching a deal, reports Reuters."We had a very detailed exchange and explored the possibility of a trade agreement," Akazawa...

EBL-GP Visa prepaid card launched

EBL-GP Visa prepaid card launchedEastern Bank and Grameenphone have jointly launched a co-branded Visa prepaid card "Shopno Jabe Bari". The prepaid card features dual currency capability, enabling seamless transactions both locally and internationally. It ensures enhanced security through two-factor authentication (2FA) and comes with a three-year validity. In addition to...

RMG sector pays tribute to Rakib

The readymade garment (RMG) sector bid a heartfelt farewell to Abdullah Hil Rakib, founder and managing director of Team Group, at the BGMEA Complex in Uttara, Dhaka, before he was laid to rest at the BAF Shaheen graveyard on Saturday. A stalwart of the industry for over three decades, Rakib...

US consumer sentiment improves

WASHINGTON, June 14 (Reuters): US consumer sentiment improved for the first time in six months in June as trade tensions between the US and China eased, but households worried about the economy's trajectory.The rise in sentiment reported by the University of Michigan's Surveys of Consumers on Friday was, however, overshadowed...