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Uzbekistan tries to put fresh spin on its silk industry
Uzbekistan tries to put fresh spin on its silk industry
Economy
by  AFP

In the shade of an almond tree, Zubayda Pardayeva began the age-old and barely profitable process of turning cocoons into silk that Uzbekistan wants to overhaul. With 26,000 tonnes of silk produced in 2023, Uzbekistan aims to consolidate its position as the world's third largest producer.

Tunisia town shuttered after Libya closes smuggler-linked border
Tunisia town shuttered after Libya closes smuggler-linked border
Economy
by  AFP

Months into the closure of Tunisia's main border crossing with Libya, a haven for smugglers, shops are shuttered and unemployment has soared in the already-marginalised desert region, merchants say. Tunisian officials ignored the unofficial cross-border trade, aware of its importance to a desert region where promised development has not materialised.

H&M shares tumble over profitability concerns
H&M shares tumble over profitability concerns
Economy
by  AFP

Shares in H&M slid Thursday after the world's second biggest fashion retailer warned that the conditions to meet its profitability target for this year have become "more challenging". However, he added, "the conditions for achieving that level this year have become more challenging".