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On May 7, 2026, Guo Yan, Representative of the Ministry of Foreign Affairs for the Eastern Yellow Sea, and Lee Seok-joo, Director-General of the International Legal Bureau of the Ministry of Foreign Affairs of the Republic of Korea, co-chaired the 15th round of talks between the China-ROK Maritime Boundary Delimitation Working Group in Chengdu, China. The two sides exchanged frank and in-depth views on issues related to maritime boundary delimitation and agreed to hold the 16th round of talks at an appropriate time.May 7th: Building materials transaction volume was 115,900 tons, a decrease of 26.97% compared to the previous trading day. May 6th: Building materials transaction volume was 158,700 tons, an increase of 55.59% compared to the previous trading day. April 30th: Building materials transaction volume was 102,000 tons, a decrease of 20.99% compared to the previous trading day. April 29th: Building materials transaction volume was 129,100 tons, an increase of 11.29% compared to the previous trading day. April 28th: Building materials transaction volume was 116,000 tons, a decrease of 5.77% compared to the previous trading day. Last weeks average: Building materials transaction volume was 120,000 tons.According to sources, the U.S. Department of Justice is investigating a $2.6 billion oil deal related to the war with Iran.On May 7, Premier Li Qiang met with Uzbek Prime Minister Aripov at the Great Hall of the People in Beijing. Li Qiang pointed out that China is willing to strengthen the alignment of development strategies with Uzbekistan, continuously promote trade and investment liberalization and facilitation, deepen cooperation in energy resources, connectivity, digital economy, and green economy, create more landmark projects, promote the high-standard and high-quality construction of the China-Kyrgyzstan-Uzbekistan railway, and continuously improve the effectiveness of cooperation. China is willing to import more high-quality products from Uzbekistan and encourage capable Chinese enterprises to invest in Uzbekistan, hoping that Uzbekistan will safeguard their legitimate rights and interests. Both sides should further utilize the mutual visa exemption policy, increase direct flights, strengthen exchanges and cooperation in culture, tourism, education, youth, and other fields, and enhance mutual understanding and friendship between the two peoples. China is also willing to work closely with Uzbekistan in multilateral mechanisms such as the United Nations and the Shanghai Cooperation Organisation, promote the optimization and strengthening of the China-Central Asia mechanism, actively implement the four major global initiatives, and promote the development of a more just and equitable international order.New York silver futures surged 5.00% on the day, currently trading at $81.18 per ounce.

Primark Increases Its Sustainable Cotton Initiative

Haiden Holmes

May 06, 2022 09:39

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Primark, one of Europe's largest fast fashion companies, has committed to training an extra 125,000 smallholder cotton farmers in India, Pakistan, and Bangladesh in more sustainable agricultural practices by the end of 2023.


The group's sustainable cotton program educates farmers on the need of using fewer chemical pesticides and fertilizers and less water, protecting biodiversity and aiding in climate change mitigation. Additionally, the organization claims that it reduces input costs and increases yields and revenues for farmers.


Primark, which is owned by London-listed Associated British Foods (OTC:ASBFY), said on Friday that the pledge would bring the program's total farmer enrollment to over 275,000 by the end of next year.


Primark pledged in September to reduce its environmental impact by increasing the use of recyclable materials, enhancing the durability of garments, and increasing worker salaries.


By 2027, it committed to sourcing 100 percent of the cotton in its clothing from its sustainable cotton program, organic cotton, or recycled cotton. Additionally, it committed to manufacturing all of its goods by 2030 using recycled fibers or more sustainably derived resources.


Primark now makes over 40% of their apparel from recycled fibers or more ecologically produced materials.


Environmental protesters have singled out the fashion sector for its excessive use of water and chemicals, putting pressure on big companies to alter supply chains and address a culture that has resulted in millions of products ending up in waste.


Many environmental protesters are skeptical of brand green commitments, saying they are motivated by a desire for positive public relations and that the business needed a broader cultural shift instead. Primark asserts that its sheer scale enables them to make a difference.


Primark said last month that it will increase certain prices to combat inflationary pressures.