We are extremely happy with the results of this funding round, which was our most successful so far. As such, it demonstrates the strength and growing interest in our textile recycling framework. We are well-positioned to enter the next phase of our business growth, as we can get closer to offering Read More

UK-based Worn Again Technologies has completed its latest funding round, raising £27.6 million to support the construction of an innovative textile recycling demonstration plant in Winterthur, Switzerland. The latest investment round brings the company’s total raised funding to £42.9 million, repres Read More

ast October, IMF projected a strong recovery from the depths of the pandemic-induced crisis. Global growth reached 6.1 per cent in 2021. It was thought that the recovery would continue as the world emerged from pandemic. However multiple shocks, among them persistent and rising inflation and the war Read More

The International Monetary Fund (IMF) is downgrading its global economic growth forecast, its managing director Kristalina Georgieva recently announced in an address to students in Washington, DC’s Georgetown University campus. “Overall, we expect global output as a result of all this [multiple shoc Read More

Economic growth in China is expected to moderate to 3.3 per cent this year, amid restrictions related to the COVID-19 pandemic and tepid consumer demand, according to a new report by the Asian Development Bank (ADB).China’s economy is forecast to grow 4.5 per cent in 2023, according to the recently Read More

China’s small and medium-sized enterprises (SMEs) have maintained their recovery momentum with the Small and Medium Enterprises Development Index standing at 88.3 for August 2022, the same as for July 2022. The recovery has been attributed to government policies intended to stabilise the economy.The Read More