CRAiLAR Technologies Inc., which produces and markets CRAiLAR Flax fiber The Friendliest Fiber On The Planet, reported a net loss for the fourth quarter ended December 31, 2012 of $3.1 million or $0.07 per share compared with a net loss of $2.6 million or $0.05 per share for Q4 2011. This quarter's loss included a $0.6 million write-off of the Company's pilot scale decortication facility that was deemed not commercially viable. The Company's Adjusted EBITDA for the quarter was a loss of $1.8

At the close of the 16th Round of Trans-Pacific Partnership (TPP) negotiations, chief negotiators reported that they had achieved the goal set for the round: to put the negotiations on an accelerated track toward conclusion of a next-generation, comprehensive agreement in the 2013 time frame envisioned by President Obama and the Leaders of the ten other TPP countries. Through the TPP, the United States is seeking to help establish a trade and investment framework that supports U.S. job creati

N. S. Bisse Gowda (L), Chairperson, Central Silk Board, Bangalore and Ishita Roy, Member Secretary, Central Silk Board addressing at a press conference in Bangalore on Wednesday. - Photo: G. R. N. Somashekar India has nearly halved raw silk imports from China in the last five years with the goal to bring it down to zero level in less than a decade, a top official of Central Silk Board (CSB) said on Wednesday. The dependence on China was to the extent of 10,000 tonnes annually five years

The coastal province of Guangdong in South China owes much of its economic success to the manufacturing industry. But in recent years, the region has suffered a shortage of labor. Our reporter Liao Ruochen tells us why and more. After Spring Festival, millions of people are arriving at Guangzhou's railway station to return to the cities they work in, all over Guangdong province. And Chen Leyi is one of them. He has been working in Guangdong for 10 years, and this is the journey he sets out on

June sees the launch of the new MADE TO MEASURE capsule collection by luxury fashion house Gucci. Designed by Creative Director Frida Giannini and New York-born Italian entrepreneur Lapo Elkann, the personalised service, entitled Lapo's Wardrobe, will be unveiled during the spring/summer 2014 Milan Men's Fashion Week at the opening of the new dedicated Gucci menswear store in the Brera district. The collection, which consists of 23 looks for men and four for women, will initially be availabl

Australian wool exports declined by almost half during January, compared with the previous month, to 17,993,007 kilos. The drop was attributable to an almost commensurate drop in shipments to China. The monthly total was no less than 18.7% down on the year-earlier level. The weakness of the January total may be considered somewhat surprising in view of anecdotal evidence from traders regarding the pace of purchasing by China towards the end of last year and the associated rise in prices during t

Michelle Obama looks absolutely stunning in a sleeveless blue Reed Krakoff dress (that came straight from her closet!) on the April cover of Vogue. How cool is it that she shopped her own closet for a major magazine cover? The First Lady and President Barack Obama sat down with the magazine shortly after the inauguration at the end of January. She was photographed in the White House by Annie Leibovitz. The timing of her cover couldn't be better. Michelle Obama has championed many yo

Gucci is pleased to announce that this coming June will mark the debut of a unique MADE TO MEASURE capsule collection designed by Creative Director Frida Giannini and Lapo Elkann. This exclusive collection, conceived as “Lapo’s Wardrobe,” will be offered within Gucci’s MADE TO MEASURE program – a personalized, luxury sartorial service for the modern day gentleman – and will be unveiled for the first time during the Spring Summer 2014 Men’s Fashion Week in Milan at the opening of a new dedicated

Victoria's Secret Angel ‘Lily Aldridge’ is the latest supermodel to turn a fashion designer. The leggy American beauty has unveiled a fashion line with the contemporary casual clothing brand Velvet by Graham & Spencer. Titled as Lily Aldridge for Velvet by Graham & Spencer, the 13-piece capsule collection features the model’s trademark bohemian rock-and-roll glamour-inspired looks. Exclusively available for sale at matchesfashion.com, the 27-year-old brunette’s maiden line feat

The commerce ministry plans to seek a waiver of the countervailing duty on Bangladesh’s garment exports to India to cut trade imbalance between the neighbouring countries. The commerce ministry will send a letter to its Indian counterpart today asking for a level-playing field for Bangladeshi garment exporters, Shawkat Ali Waresi, a joint secretary of the ministry, told The Daily Star. At present, Bangladeshi RMG exports to India bear a countervailing duty of 12.36 percent, which the local