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On July 27, Laopu Gold (06181.HK) announced on the Hong Kong Stock Exchange that it expects to achieve sales performance (tax income included) of approximately RMB 13,800 million to RMB 14,300 million in the first half of 2025, an increase of approximately 240% to 252% over the same period last year; revenue of approximately RMB 12,000 million to RMB 12,500 million, an increase of approximately 241% to 255% over the same period last year; non-IFRS measured adjusted net profit (excluding the impact of share-based payment remuneration) of approximately RMB 2,300 million to RMB 2,360 million, an increase of approximately 282% to 292% over the same period last year; net profit of approximately RMB 2,230 million to RMB 2,280 million, an increase of approximately 279% to 288% over the same period last year.On July 27, Japanese Prime Minister Shigeru Ishiba said in an interview with NHK that he plans to stay in office despite growing calls within the ruling party for him to resign after last weeks election defeat. "I will devote myself to the future of the people and the country," he said. He added that he must take responsibility for implementing the recently announced US-Japan trade agreement. Ishiba will speak at a Liberal Democratic Party meeting on Monday. LDP members have been calling for someone to be held accountable for the results of the July 20 Senate election. Former Foreign Minister Toshimitsu Motegi called on the LDP to change its leader on his YouTube channel over the weekend. Several Japanese media reported last week that Ishiba planned to resign, but the latter later denied the news. When NHK asked him if he had wavered in his decision to continue to govern, Ishiba replied "no".Russian Defense Ministry: Russian troops have attacked Ukrainian remote drone control stations. The deployment locations of the Ukrainian Armed Forces in 146 regions have been attacked.On July 27, US President Trump posted a picture on his "real social media" showing former US President Obama driving the white Ford Mustang SUV that former US football star OJ Simpson rode when he fled in the "wife murder case" in 1994, while Trump and Vice President Vance were driving behind to catch up. Vances image was also modified and came from the previously popular "Fat Vance" emoticon package.On July 27, Russian Presidential Press Secretary Dmitry Peskov told reporters that Russian-Ukrainian relations after the special military operation are currently an overly theoretical issue, and the tasks of the special military operation must be completed first. Peskov said that before determining the principles of future interaction between Moscow and Kiev, it is necessary to confirm that the tasks facing the special military operation in the direction of Ukraine have been completed. He said: "First of all, we still have to solve the problem. We need to confirm that the tasks facing the special military operation have been completed." Peskov added that Russia prefers to achieve peace with Ukraine through political and diplomatic means. However, Kiev and its Western allies have rejected all proposals for peace talks, so the special military operation continues.

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.