Fashion
New EU strategy proposed to shape global clean, resilient transition
The new EU global climate and energy vision adds an external dimension to the Clean Industrial Deal and sets a new strategy to strengthen existing partnerships and forging new, mutually beneficial ones, an official release said.
A new strategy for securing Europe’s place in global markets was recently proposed by using diplomacy to protect core EU interests, promoting standards for a fair transition and addressing new security threats and challenges.
The vision proposes to ramp up the EU’s clean technology manufacturing capacity to reach 15 per cent of the global technology market, while improving its industrial competitiveness.
Launched in February 2025, the EU’s Clean Industrial Deal is a strategy to boost European industrial competitiveness and decarbonisation by lowering energy costs, accelerating clean technology, supporting circularity and developing skills.
As a market still dependent on fossil energy imports, renewables will remain at the heart of the EU’s clean transition. Almost half of EU electricity was generated by renewables in 2024. This significantly increases the EU’s energy independence and security. The EU has also seen an increase of 111% in the share of clean energy investments since 2015.
The vision proposes to ramp up the EU’s clean technology manufacturing capacity to reach 15 per cent of the global technology market, while improving its industrial competitiveness, in line with the Clean Industrial Deal.
The vision also reaffirms the EU’s commitment to a rules-based international order.
The EU will continue driving robust international climate policies. This includes stronger action to address the nexus between climate change, environmental degradation, and security and resilience by engaging at multilateral (UN and NATO) and bilateral levels.
It will implement the actions set out in the 2023 Joint Communication on the Climate-Security Nexus and continue combatting information manipulation and disinformation on climate change, the release noted.
The new vision presents a series of strategic actions for global energy and climate engagement to drive the clean transition, competitiveness and clean technologies and investments.
These include injecting political momentum by encouraging multilateral and bilateral fora and initiatives to deliver on the Paris Agreement and Global Stocktake commitments; boosting EU clean tech businesses internationally and enabling climate resilient investments by organising business fora, setting up an EU external Clean Transition Business Council, scaling up investments and establishing business models for climate adaptation; and supporting and connecting European businesses with global investments by making full use of the Global Gateway Investment Hub to assist joint investments projects outside the EU.
These also include expanding networks of mutually beneficial partnerships for global and resilient clean value chains and reforming global financial institutions for the clean and resilient transition and stepping up EU’s climate security work.
Fibre2Fashion News Desk (DS)
The increase was driven largely by energy prices, as declines in regulated and non-regulated energy products eased significantly. In contrast, inflation in services slowed, Istat said in a press release.
Italy’s inflation rose to 1.7 per cent year on year in March 2026, driven by higher energy, according to Istat. Monthly inflation stood at 0.5 per cent.
Core inflation eased to 1.9 per cent, while services inflation slowed.
The HICP increased 1.6 per cent annually, with lower-income households experiencing relatively smaller price rises than higher-spending groups.
Core inflation, which excludes energy and unprocessed food, moderated to 1.9 per cent from 2.4 per cent, while inflation excluding energy eased to 2.1 per cent.
On a yearly basis, goods prices rose 0.8 per cent compared with a slight decline in the previous month, while services inflation slowed to 2.8 per cent from 3.6 per cent. This narrowed the inflation gap between services and goods.
On a monthly basis, the rise in the index was mainly led by increases in regulated energy prices, up 8.5 per cent, and non-regulated energy prices, up 5 per cent, along with gains transport services.
The harmonised index of consumer prices (HICP) rose 1.7 per cent MoM and 1.6 per cent YoY, slightly above the earlier estimate. In the first quarter, inflation remained lower for households with weaker spending capacity compared with higher-spending households.
Fibre2Fashion News Desk (SG)
The decision was taken during a meeting of the council of ministers that was chaired by the Transitional President Captain Ibrahim Traore.
Burkina Faso has announced the full nationalisation of Burkinabe Company of Textile Fibres (Sofitex), citing rising debt, declining production and inefficiencies.
Sofitex was a mixed-ownership firm, in which the state held a majority stake.
Full state ownership is expected to lead to tighter financial discipline, improved governance and a restructuring of operations to boost efficiency.
Sofitex was a mixed-ownership cotton company, in which the state held a controlling majority stake and private investors owned a minority share valued at about 75 billion CFA francs.
A 2025 valuation cited by the government places Sofitex’s total worth at 338.14 billion CFA francs (~$607 million), with the private stake valued at just over 75 billion CFA francs for 976,400 shares.
The company’s cotton production fell by 24-26 per cent to under 300,000 metric tonnes in the 2024-2025 season.
Full state ownership is expected to lead to tighter financial discipline, improved governance and a restructuring of operations to boost efficiency, according to a domestic media outlet.
Fibre2Fashion News Desk (DS)
Markham joins from Whistles, where she served as Creative Director. She was previously Global Design Director at Topshop and Design Director at ASOS. She succeeds Queralt Ferrer who steps down after four years with the Partnership.
John Lewis has appointed Jacqui Markham as fashion creative director, overseeing own-brand womenswear, menswear and childrenswear.
She joins from Whistles and succeeds Queralt Ferrer.
The move strengthens investment in design, quality and relevance, alongside digital growth, Oxford Street refurbishments, exclusive collaborations and an expanded line-up of global fashion brands.
The appointment marks the next phase in John Lewis developing its own brand fashion, with clear creative direction and continued investment behind it.
Markham brings a strong track record of building distinctive, successful collections with a focus on design, quality and relevance for customers.
Her appointment comes alongside John Lewis’s continued investment in fashion, including upgrades to shops and digital, and the recent refurbishment of womenswear and menswear at the Oxford Street flagship store.
This month also sees the launch of the second John Lewis x Rejina Pyo collaboration, and a new 15-piece exclusive capsule collection from Amanda Wakeley. These will complement the expanded line-up of new brands including Samsoe Samsoe, MOTHER, St Agni, Patagonia, Belstaff, Missoma and Completedworks.
Rachel Morgans, John Lewis Director of Fashion, said: “I look forward to welcoming Jacqui to John Lewis at a defining moment for our fashion business. She brings a wealth of expertise and a proven ability to create exceptional design and will support our future creative vision.”
Jacqui Markham commented: “I am very excited to join the Partnership and to work together with all the teams toward a shared vision for the future of John Lewis. It feels like a seminal moment in the long history of the Partnership, and I cannot wait to get started to help shape that vision and bring our collective ideas to light.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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