Author: Esahaque Eswaramangalam
Esahaque Eswaramangalam
Known as EM, he is a media activist and social entrepreneur from Kerala, India. He is the founder and CEO of WellMade Network, showcasing his marketing and event management skills. EM is also a founding member of the Ethnic Arts Council of India and the World NRI Council. He has received multiple awards for his work as an entrepreneur, journalist, and social activist, always striving to provide unbiased and transparent content. Readers are advised to verify facts independently and consult professionals before making decisions based on this content.
For the first time, Saudi Arabia is set to stage an official ‘Saudi Fashion Week’ from October 20 to 23, 2023, in the nation’s capital, Riyadh. The event, announced by the Saudi Fashion Commission, marks a significant milestone in the evolution of the country’s fashion industry. The Saudi Fashion Commission recently showcased its vision in the ‘Saudi 100 Brands’ exhibition in Paris. This event presented an extensive collection of fashion items and accessories by numerous established and emerging designers. These brands have participated in international fashion weeks in cities like Paris and Milan, reflecting Saudi Arabia’s burgeoning presence in the…
The persistent issue of dead stock, a detrimental force against profitability and an environmental burden, has been a tough challenge for the global fashion industry. Currently, this landscape is being altered by the rise of direct-to-consumer (D2C) brands. Using their direct customer interactions, these brands forge strategies that substantially reduce unsold inventory. Underscoring their potential, D2C sales in the US saw a remarkable upswing in 2020, hitting an impressive $22.88 billion. This marked a solid 24.3% growth from the previous year. Mirroring this trend, the D2C fashion market in India is on a steady upward climb, with a projection to…
The global fashion industry is sailing in stormy seas due to the persistent trade tensions between the US and China. These economic frictions aren’t contained within these two nations but ripple out, significantly affecting countries that are heavily reliant on them for trade. At the heart of this tension is Section 301 of the US Trade Act of 1974. It bestows on the US President the authority to retaliate against any foreign government’s act, policy, or practice that violates international trade agreements or restricts US commerce. This trade tussle took flight in August 2017 when then-President Donald Trump imposed tariff…
The future of global trade may face significant challenges despite a robust start in the initial quarter of 2023, the United Nations Conference on Trade and Development (UNCTAD) cautions in its latest Global Trade Update report. The foreboding forecast is primarily driven by the looming threats of inflation, increasing financial vulnerabilities, the ongoing Ukrainian conflict, and escalating geopolitical tensions. Trade in goods during the first quarter saw a modest yet positive rise of 1.9%, enhancing the global trade scene by $100 billion. Meanwhile, the global services trade marked an encouraging growth of 2.8%, yielding an extra $50 billion compared to…
Blackstone, the distinguished New York-based private equity firm, has announced its plan to set a new milestone in the Asian financial marketplace. After nearly 400 years of reshaping the world’s financial landscapes through mergers, acquisitions, private equity, hedge fund management, and notably, real estate investment partnerships, Blackstone is ready to orchestrate the initial public offering (IPO) of its office portfolio-based real estate investment trust (REIT) in India. The firm, renowned for its strategic financial initiatives, is set to launch the REIT IPO estimated at a massive $800 million to $1 billion. This would mark it as the largest REIT in…
According to a study by the futuristic market intelligence firm, Fior Markets, the global Metal Coil Lamination market is poised for significant growth between 2023 and 2032. The thorough report titled “Metal Coil Lamination Market 2023” explores various aspects of the market, including manufacturers, regions, types, and applications. Key findings in the report indicate that product description, type, and manufacturing analysis – such as cost, income, and gross analysis – have significant roles in market growth. The comprehensive study also evaluates historical data and forecasts future trends in the Metal Coil Lamination market. Additionally, it provides an in-depth view of…
Aluminium is gaining traction in the global electric vehicle (EV) industry as a material with the potential to accelerate the green revolution. Its eco-friendly characteristics and the ability to enhance both sustainability and performance in the burgeoning EV sector make it an excellent choice. Automotive aluminium components outperform steel in terms of lower carbon emissions and a higher recycling rate. Remarkably, about 75% of all aluminium ever produced is still in use, and more than 90% of the aluminium used in the automotive and construction sectors is recycled, fuelling a thriving scrap market. The world is witnessing an accelerated push…
The EU’s Green Fashion Revolution, an ambitious initiative to reduce the region’s environmental footprint, has its sights set on one of the bloc’s major pollutants – the fashion industry. The EU’s plan to bring the textile sector in line with global sustainability efforts could revolutionize the fashion world by the end of the decade. Leading fashion bodies across Europe, including France’s Fédération de la Haute Couture et de la Mode, Italy’s Camera Nazionale Della Moda Italiana, and the UK’s British Fashion Council, have united under the European Fashion Alliance (EFA). The coalition, formed a year ago, has been actively considering…
The International Energy Agency (IEA), in a recent report, disclosed that India and China – two of the largest global oil consumers – accounted for 80% of Russia’s oil exports in May. This development comes amidst heavy discounts on Russian crude oil, which has found eager buyers mainly in Asia. The report pointed out that India had raised its oil purchases from almost zero to nearly 2 million barrels per day. Meanwhile, China upped its intake by 500,000 barrels per day, reaching a total of 2.2 million barrels per day. These countries’ increased uptake has resulted in Russian-origin seaborne crude…
Chinese lithium firms are initiating international partnerships to augment mining capabilities, a move expected to favor electric vehicle (EV) manufacturers by ensuring steady battery supplies. In a landmark event earlier in June, the Cauchari-Olaroz salt lake project in Jujuy, Argentina, owned by Minera Exar and Chinese major Ganfeng Lithium Group, began operations. The site, boasting 24.58 million metric tons of lithium carbonate equivalent (LCE), is among the world’s largest lithium extraction locations from salt lakes. The project’s first phase aims to yield 40,000 tons of LCE, with the subsequent phase expected to produce at least 20,000 tons. It will also…