Pile of old clothes and shoes dumped on the grass as junk and garbage, littering and polluting the … More environment getty In Beyond the Price Tag: The Dark Side of Luxury and Circular Fashion, the darker undercurrents of the fashion industry were examined. Now, we go deeper into one of its most pressing impacts:…
Models walk the runway during the Chanel Womenswear Fall/Winter 2025-2026 show as part of Paris … More Fashion Week at Grand Palais on March 11, 2025 in Paris, France. (Photo by Kristy Sparow/Getty Images) Getty Images Luxury fashion has long positioned itself as an exclusive alternative to fast fashion, with brands like Louis Vuitton, Chanel…
Fast fashion getty Fast fashion has revolutionized the apparel industry, making trendy clothing more affordable and accessible than ever. However, this business model comes at an enormous cost. According to the Ellen MacArthur Foundation, the fashion industry produces over 92 million tons of textile waste annually, with fast fashion contributing significantly to this staggering figure….
A bigger push for battery-powered lorries and taxis is needed for Hong Kong to cut emissions more quickly as part of its wider carbon-reduction drive, a policy think tank has said. In a report released on Friday reviewing the city’s progress towards achieving its climate goals, Civic Exchange also called for ending new registrations of…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
China said on Saturday it had built the world’s first offshore oil production and storage vessel capable of capturing carbon dioxide, taking another step towards meeting its carbon emissions targets. State broadcaster CCTV reported that the 330-metre (1,080ft) floating production storage and offloading unit (FPSO) would be delivered at the end of this month. The…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Air pollution threat as lung cancer cases in never-smokers on the rise: study Despite drops in tobacco use worldwide, the incidence of lung cancer among people who…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants. Of the total job cuts,…