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Turkish central bank cuts main policy rate by 250 bps

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Turkish central bank cuts main policy rate by 250 bps



Turkiye’s central bank has cut its main interest rate (the one-week repo auction rate) from 43 per cent to 40.5 per cent amid soaring inflation and rising political uncertainty.

The bank’s monetary policy committee also lowered its overnight lending rate from 46 per cent to 43.5 per cent and the overnight borrowing rate from 41.5 per cent to 39 per cent, the bank said in a release.

Turkiye’s central bank has cut its main interest rate (the one-week repo auction rate) from 43 per cent to 40.5 per cent amid soaring inflation and rising political uncertainty.
Its monetary policy committee also lowered its overnight lending rate from 46 per cent to 43.5 per cent and the overnight borrowing rate from 41.5 per cent to 39 per cent.
The inflation target is 5 per cent in the medium term.

The bank had in April this year hiked rates to 46 per cent to cool markets following political shake-ups; it is now shifting back toward easier policy as inflation has hit above 33 per cent.

The underlying trend of inflation slowed down in August. While gross domestic product (GDP) growth was above projections in the second quarter, final domestic demand remained weak. Recent data indicate that demand conditions are at disinflationary levels.

“The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels. The macroeconomic framework outlined in the Medium-Term Programme will contribute to this process,” said the press release.

The committee has a 5-per cent inflation target in the medium term.

Fibre2Fashion News Desk (DS)



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US’ textile & apparel import volume rises 5.13% in Jan-July

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US’ textile & apparel import volume rises 5.13% in Jan-July



During this period, apparel imports rose by *.** per cent to **,***.*** million SME, up from **,***.*** million SME in January–July ****. Imports of textiles (non-apparel) reached **,***.*** million SME in the same period of ****, marking a *.** per cent increase compared with **,***.*** million SME in the corresponding period of ****. The faster growth in non-apparel textiles suggests robust demand from US industrial, home textiles and technical textile sectors.

The import volume of cotton products rose by *.** per cent to **,***.*** million SME during the review period, compared with *,***.*** million SME in the same period of the previous year. Imports of man-made fibre (MMF) products climbed to **,***.*** million SME in January–July ****, up from **,***.*** million SME in the same period of ****, OTEXA said. The strong performance of MMF imports reflects the ongoing shift towards synthetics driven by cost competitiveness, performance features and fashion trends.



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US Levi’s partners with bollywood star Alia Bhatt as brand ambassador

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US Levi’s partners with bollywood star Alia Bhatt as brand ambassador



The Levi’s brand is proud to welcome Alia Bhatt as its new Global Brand Ambassador. This partnership brings together two global forces, Levi’s, the name that defines denim, and Alia Bhatt, whose impact and influence in film and fashion resonates worldwide – to shape the next chapter in denim’s global story.

She joins the brand at a time when women’s fashion is embracing a big shift. Relaxed fits, wide legs and looser silhouettes are no longer just seasonal trends, they’re becoming essential every day. And Levi’s, long known for defining what denim means, is at the forefront of this evolution. With Alia leading the way, that shift is about to go mainstream.

Levi’s has appointed Alia Bhatt as its new Global Brand Ambassador, uniting her worldwide influence with the iconic denim label.
The collaboration highlights a major shift in women’s fashion towards relaxed fits, wide legs, and looser silhouettes.
With Alia driving this evolution, Levi’s aims to stay trend-forward, evolving its women’s portfolio beyond classics to style-first relevance.

Levi’s and Alia are united by a shared vision – to reflect how a new generation wants to dress, and to evolve the brand beyond classic fits to style-first, trend-forward relevance. Whether it’s loose fits, wide leg, or reinvented classics, Levi’s women’s portfolio is evolving, and Alia is the perfect catalyst for this next chapter.

Levi’s will continue to innovate with new fits and styles, while staying true to what it has always stood for – timeless denim, made for now.

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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Giorgio Armani foundation to name new CEO and retain 30% stake

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Giorgio Armani foundation to name new CEO and retain 30% stake


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Reuters

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September 12, 2025

The Giorgio Armani foundation, established in 2016 and a key pillar of the Italian designer’s succession, will propose the name of the group’s new CEO, Armani’s executive committee announced on Friday.

Armani’s foundation confirms plan to appoint next CEO and safeguard legacy – Reuters

“The Fondazione … shall never hold less than 30% of the capital, thereby acting as a permanent guarantor of compliance with the founding principles,” the committee said in a statement.

The committee, established to oversee the succession after Armani’s death, includes the designer’s business and life partner Pantaleo Dell’Orco, members of the Armani family and senior managers.

“We affirm … our commitment to supporting this path in full respect of his wishes, united by the shared goal of securing the best possible future for the company and the brand,” the committee added in the statement.

© Thomson Reuters 2025 All rights reserved.



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