Fashion
Germany pledges $0.58 mn to WTO fund for developing economies
Carmen Heidecke, ambassador of Germany to the WTO, signed the memorandum of understanding on behalf of the German Federal Government at the WTO on November 17, 2025.
The funding supports the latest cycle of technical assistance under the WTO’s Global Trust Fund, which will finance training programmes that enable government officials to deepen their understanding of multilateral trade rules and strengthen the implementation of their WTO commitments, the organization said in a release.
Germany has renewed its support for the WTO’s Global Trust Fund, which finances technical assistance and training for developing economies.
The fresh contribution will bolster capacity-building programmes that equip government officials to better understand trade rules and implement WTO commitments.
Since 2001, the fund has enabled around 2,800 workshops.
Established in 2001, the Global Trust Fund has supported around 2,800 training workshops to date. Over nearly 25 years, Germany has contributed approximately CHF 27.1 million (~$33.88 million) to the fund, reaffirming its long-standing commitment to more inclusive and equitable global trade.
“I thank Germany for its longstanding support for WTO technical assistance and capacity building. This latest contribution reinforces our shared commitment to empowering developing countries and LDCs in the multilateral trading system. This support enables these members to strengthen their technical expertise and advance their trade priorities more effectively,” director-general Ngozi Okonjo-Iweala said.
“Greater participation of developing countries in global trade strengthens a fair and inclusive multilateral trading system. Germany is proud to reaffirm its commitment to the WTO’s Global Trust Fund,” ambassador Heidecke said.
Fibre2Fashion News Desk (HU)
In the first half (H1) of fiscal 2026 (FY26), the company’s performance was stronger. Revenue grew 3.3 per cent to ₹26,704 million, and sales volumes increased 2.23 per cent to 115.2 million pieces. EBITDA rose 9.4 per cent to ₹5,742 million, and PAT expanded 9.7 per cent to ₹3,956 million, reflecting healthier profitability.
Page Industries has posted modest Q2 FY26 growth, with revenue up 3.6 per cent to ₹12,909 million (~$145.5 million) and sales volumes rising 2.5 per cent, though EBITDA and PAT saw slight declines.
H1 performance was stronger, with revenue up 3.3 per cent and healthier margins.
The company expects consumption to improve with GST 2.0, lower lending rates, and e-commerce growth.
The company noted that expected improvements in consumption—driven by GST 2.0, lower lending rates, rapid e-commerce expansion, and strengthening quick-commerce channels in metros and other cities—are likely to support future growth. The company added that it maintains a leading position in modern retail, and early consumer response to its new bonded-tech product line has been promising, Page Industries said in a press release.
“Our continued focus on operational efficiency and cost optimisation measures while investing in product innovation and distribution expansion has contributed to strong operating margins. While revenue growth was moderate this quarter, we are well positioned to capitalise on the improvement in demand in the coming months,” said VS Ganesh, managing director, Page Industries Limited.
Fibre2Fashion News Desk (SG)
Published
November 20, 2025
Football (at all levels) and its culture have long been close to Lyle & Scott’s heart. And the journey continues with the premium fashion brand’s latest collab with Fly Nowhere, the full-service creative studio that “bridges sport, arts and passion”.
Kindred spirits combine Lyle & Scott’s natural presence “in both teamwear and terraces” with Fly Nowhere’s reputation for “pushing the boundaries of modern football identity… rooted in art and storytelling”.
The result is reimagined Lyle & Scott casual pieces “that echo the longstanding influence of UK terrace culture upon the world” with a mashed-up capsule made up of engineered knitwear, football jerseys, graphic long sleeves, track jackets and collaborative accessories.
Each piece has been developed to “exist comfortably in both fashion spaces and cultural football circles”, with cuts and detailing that reference “warm-up kits, bootleg club gear and early 2000’s terrace fashion”.
The colour palette blends violet blues, neon purples, iced greys, and saturated cobalt tones, along with a tartan created for Lyle & Scott’s 150th anniversary last year.
The Lyle & Scott x Fly Nowhere collection is available from today (20 November) online at lyleandscott.com and footballcafe.shop. It coincides with the opening of the new Football Cafe Imports shop in New York and an accompanying exhibition ‘Clobber: 150 years of style inspired by UK subculture and football’.
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ICE March 2026 cotton futures settled at 63.78 cents per pound, down 0.61 cent or 0.95 per cent. The contract marked its first close below 64 cents and set a new contract-low settlement. The December 2025 contract settled at 62.30 cents, down 27 points, raising concerns among bulls that December weakness could drag the March contract lower. March and July 2026 contracts also closed lower. For the week so far, cotton futures have posted net losses of 3–28 points across active months.
ICE cotton futures declined as traders await the USDA’s weekly export sales report, delayed for over a month due to the US shutdown.
March 2026 cotton hit a new contract low below 64 cents, while weak crude oil prices increased pressure by making polyester fibre cheaper.
Trading volume fell to a three-week low, with sentiment cautious despite expectations that export data may show stronger demand.
NYMEX crude oil futures declined due to reports of renewed diplomatic efforts to resolve the Russia–Ukraine conflict, which could ease supply risks. Losses in crude were partially limited by a larger-than-expected drop in US crude oil inventories, offering some support to energy markets. Lower crude prices make polyester fibre cheaper, adding pressure on US cotton.
Trading activity remained subdued, with 49,131 contracts traded, the lowest volume in three weeks, compared with 67,329 contracts cleared in the previous session. Intraday trade experienced mild consolidation and a brief upward pull, but the market failed to sustain momentum into the close.
ICE data showed deliverable No. 2 cotton inventories unchanged at 20,344 bales as of November 18, the same as the previous day.
Analysts said the market “was drawn slightly higher but failed to hold that momentum”. USDA’s weekly export sales report for the period ending October 2 will be released on Thursday. During the recent 43-day US government shutdown, the USDA suspended weekly export sales data and daily bulk-sale announcements, limiting demand visibility.
The upcoming USDA export sales report could be stronger than market expectations, but traders prefer to wait for confirmation.
In other markets, CBOT soybean futures closed lower as traders assessed demand prospects amid global uncertainty.
This morning (Indian Standard Time), ICE cotton for December 2025 was traded at 62.59 cents per pound (up 0.29 cent), cash cotton at 61.78 cents (down 0.61 cent), the March 2026 contract at 64.13 cents (up 0.21 cent), the May 2026 contract at 65.35 cents (up 0.32 cent), the July 2026 contract at 66.45 cents (up 0.33 cent), and the October 2026 contract at 67.11 cents (down 0.37 cent). A few contracts remained at their previous closing levels, with no trading recorded so far today.
Fibre2Fashion News Desk (KUL)
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