Fashion
EC approves ~$477.36m Spanish scheme for industrial decarbonisation
Spain notified the commission, under the CISAF, a €408 million (~$477.36 million) scheme to support the decarbonisation of the manufacturing industry, which contributes to the objectives of the Clean Industrial Deal. The scheme will be fully financed by the RRF, following the commission’s positive assessment of Spain’s recovery and resilience plan and its adoption by the council.
The EC has approved a €408 million ($477.36 million) Spanish scheme under the Clean Industrial Deal to support industrial decarbonisation, funded by the Recovery and Resilience Facility.
The scheme will provide grants for energy-efficient, low-carbon technologies across sectors, aiming to cut 1.6 megatonnes of CO₂ annually, with aid capped at €200 million(~$234 million) per project.
The purpose of the scheme is to support the decarbonisation of manufacturing processes in existing installations through the deployment of investments contributing to reductions of greenhouse gas (GHG) emissions from industrial activities, and the improvement of the energy efficiency of industrial processes, the European Commission said in a press release.
Spain expects annual GHG emission savings of around 1.6 megatonnes of CO2. The measure will support investments into technologies such as electrification, shifting to renewable or low-carbon hydrogen, recovery of waste heat, carbon capture, storage and utilisation, in a wide range of sectors including chemicals, ceramics, paper and metallurgy. Under the scheme, the aid will take the form of direct grants. The measure will be open to enterprises of all sizes, and to installations and sectors within and outside of the Emission Trading System.
The commission found that the Spanish scheme is in line with the conditions set out in sections 3 and 5 of the CISAF.
Under the scheme, the aid amount is determined based on the eligible investment costs and pre-defined aid intensities (the percentage of supported costs), in line with the CISAF. Aid will be granted to eligible projects on a first-come, first-serve basis until the budget is exhausted. Projects need to be in operation at the latest 60 months after the aid is granted. To limit the undue distortion of competition, the aid cannot be used to finance an increase in the production capacity of the beneficiary. The maximum aid amount per company per project is capped at €200 million (~$234 million).
Fibre2Fashion News Desk (RR)
Published
December 17, 2025
Two months after unveiling his debut women’s collection for Dior with a horror movie, Jonathan Anderson has continued his reimagining of the house by rewiring multiple codes for its pre-fall 2026 collection.
Terming it “a wardrobe suited for many characters and occasions,” the Fall 2026 collection unveiled Wednesday certainly widens Dior’s range, even as it plays around with Dior classics.
Hence the Bar jacket is cropped or soft, and even enlarged into a coat. While pants are cut large, slouchy, and flopping around the feet; finished in multiple reverse pleats and made in silk denim.
Denim, lovingly worn and distressed, is the material used for elongated floor length skirts made with classic jean pockets. Paired with speckled charcoal cardigans, they will surely ignite a major trend.
Once again, the Northern Irish designer favours big bold bows, seen in silk chemises with cuffs extending well beyond the fingertips.
“The power of fashion to rewire the everyday is affirmed, at once softly and boldly,” insists Dior in its release.
Unveiled in a photo shoot beneath Paris’ Pont Neuf, the collection will hit retail shelves in April 2026.
Anderson’s experiments in draping continue at pace. Rouching, looping, and adding huge side bows to buttinette moiré dresses or satin gowns. One dress in seaweed green is an updated version of the look Mia Goth wore to the Governor’s Ball in Los Angeles recently. It can now be seen at La Galerie Dior, the brand’s in-house museum beside its Avenue Montaigne flagship. Placed beside diaphanous looks for Dior designed by Jonathan and worn by the likes of Catherine O’Hara and Jisoo.
The new Dior couturier certainly does not lack courage and chutzpah when it comes to draping, even if his experiments at the French house still feel like a work in progress.
In fact, what often works best pre-fall are the simplest pieces: from the rather divine flared skirt and tank combined with a matte green silk blouse to the black silk culottes paired with an ecru blouse, finished with a looped neckline from which hangs a golden tassel pendant. The epitome of contemporary chic and cool.
In terms of accessories, pre-fall appeared packed with winners, from the Dior Cigale in pale gold crocodile to Dior Crunchy in blue fabric. Open toe pumps, loafers, or mules often featuring complimentary C and D buckles on each side, all had poise and pizzazz. Clever must-haves for sure.
Everything in pre-fall was designed to “allow a number of attitudes, prolonging the idea of dressing to become a character of one’s own design,” the house concluded. How true.
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Indonesia’s overall apparel exports reached $*.*** billion during January–August ****, rising from $*.*** billion in the same period of ****. The US remained the top destination with a commanding **.** per cent share, amounting to $*.*** billion. Japan followed with *.** per cent, South Korea with *.** per cent, Germany with *.** per cent and Canada with *.** per cent. The trend mirrors ****, when the US accounted for **.** per cent of Indonesia’s $*.*** billion shipments, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. This consistency highlights the strong relationship between Indonesian exporters and long-standing US retail and brand partners, many of whom continue to reduce reliance on China.
For the full year ****, Indonesia exported $*.*** billion worth of apparel, matching **** levels, with the US maintaining a stable **.** per cent share in both years. Japan, South Korea, Germany and Canada also retained similar proportional contributions across **** and ****, indicating structural stability in Indonesia’s key markets and sustained demand from established buyers.
The most active March 2026 cotton futures settled at 63.10 cents per pound, down 0.84 cents, or 1.31 per cent. The March, May, July, and October 2026 contracts also declined, while the December 2026 contract touched a new intra-day low.
ICE cotton futures weakened as soft US export sales and higher supply expectations reinforced bearish sentiment.
US mill use near a 150-year low and projected ending stocks of 4.5 million bales signal persistent demand weakness.
Rising synthetic fibre substitution and active short positioning continue to pressure prices despite a softer dollar.
Market sentiment remained bearish, with no fresh bullish triggers. Fundamentals continued to weigh on prices, as US mill use hovered near a 150-year low, highlighting structurally weak demand. US ending stocks are projected at 4.5 million bales, signalling a heavy supply overhang, while cotton continues to lose textile demand to synthetic fibres.
Trading volume rose to 51,532 contracts, the highest in four weeks, confirming strong bearish participation. ICE certified stocks stood at 12,474 bales as of December 15, down from 13,971 bales the previous day.
Market analysts noted that the post-harvest market remains directionless, with growers weighing the decision to sell or store. A weaker dollar could provide longer-term support. However, the US dollar index retreated despite stronger-than-expected US jobs data, pointing to Federal Reserve caution on further rate cuts. The US added 64,000 jobs in November, exceeding expectations.
According to CFTC data for the week ended November 25, net short positions declined by 5,398 contracts to 66,081, indicating a modest improvement in sentiment.
This morning (Indian Standard Time), ICE cotton for March 2026 traded at 63.27 cents per pound, up 0.17 cent. Cash cotton was quoted at 60.85 cents, down 0.84 cent. The May 2026 contract traded at 64.45 cents, up 0.19 cent; July 2026 at 65.60 cents, up 0.22 cent; October 2026 at 65.87 cents, down 0.78 cent; and December 2026 at 67.27 cents, up 0.24 cent. A few contracts remained at their previous closing levels, with no trades recorded so far today.
Fibre2Fashion News Desk (KUL)
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