WB cuts global growth forecast as trade tensions weigh

WASHINGTON, June 10 (Reuters): The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies.In its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly...

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In Memoriam: Abdullah Hil Rakib, visionary architect of garment industry revival

The apparel industry is in deep mourning following the passing of Abdullah Hil Rakib, a visionary entrepreneur and a driving force in revitalising the ready-made garment (RMG) sector.Rakib, aged nearly 54, died in a boating accident in Canada on June 8, along with his childhood friend, Captain Md Saifuzzaman (Guddu),...

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Shein aims to sell India-made clothes abroad

MUMBAI/LONDON, June 10 (Reuters): Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start international sales of India-made Shein-branded clothes within six to 12 months, said two people with knowledge of the matter.The China-founded, Singapore-headquartered Shein has been discussing plans with the Indian...

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