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BBCNEWS World Business Report July 6, 2024

giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today t ....

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How garment manufacturers can cut costs

Manufacturers should look to optimise the supply chain by improving logistics and transportation efficiency. Consolidate shipments, negotiate favourable freight rates, and explore alternative transportation modes to reduce costs. ....

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Bangladesh garment worker death toll rises after protests erupt over demand for fair wages

Bangladeshi garment workers staged a rally as they rejected a deemed inadequate pay offer and the death toll from the protests climbed to four. Labor unrest, the most severe in a decade, resulted in clashes, damaged factories, and widespread disruption to the nation s $55 billion annual exports. Major global brands, including Levi s, Zara, and H&M, source products from Bangladesh s 3,500 garment factories, intensifying the impact of the crisis. ....

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Bangladesh: Will the garment workers be finally paid more?

Though it is the second-largest garment exporting country, it clings to low wages – a dichotomy that begs for change. ....

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Is the planet paying the price for the effects of fast fashion?

The fashion industry accounts for more than 20 per cent of industrial water pollution, with garment workers being severely underpaid and overworked. ....

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