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June 9th - Starting in June, electronic savings bonds have been officially included in the scope of personal pension products. This means that citizens who have joined the personal pension system can directly purchase electronic savings bonds through their accounts. According to the issuance schedule, the latest issue of savings bonds will be available for purchase on June 10th. Currently, many banks have added bond purchase portals to their mobile apps personal pension sections. Alternatively, citizens can also visit a bank branch with their bank card and ID to apply for personal pension savings bonds.The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake struck Wensu County, Aksu Prefecture, Xinjiang, at 10:17 AM on June 9th, with a focal depth of 12 kilometers.The Hang Seng Index turned positive, with stocks related to chips, PCBs, leading tech companies, and cloud computing performing strongly.June 9th - "Alibaba approached us about building a small nuclear reactor," said an employee of a state-owned nuclear power company. "Alibabas Hangzhou Renhe Data Center has significant power demands." The Renhe Data Center is Zhejiangs first cloud computing data center, providing computing power support for AI companies such as Qiangnao Technology and Lingban Technology.June 9th - At 9:28 AM today (June 9th), the main span of the Chongqi Yangtze River Bridge, the worlds largest span cable-stayed bridge for both road and rail traffic with ballastless track, was successfully closed. This mega-project, spanning the northern branch of the Yangtze River estuary, overcame numerous world-class bridge construction challenges during its construction, showcasing my countrys cutting-edge level of intelligent bridge construction. The Chongqi Yangtze River Bridge is a key control project of the Shanghai-Chongqing-Chengdu Yangtze River High-Speed Railway, a main line of my countrys "Eight Vertical and Eight Horizontal" high-speed railway network along the Yangtze River. It connects Chongming Island in Shanghai and Qidong in Jiangsu Province, with a total length of 4.09 kilometers and a main span of 400 meters, spanning the northern branch of the Yangtze River estuary. The bridge is expected to be open to traffic in 2027.

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.