Knitwear manufacturers yesterday demanded a 10 percent export performance bonus for all readymade garments to be more competitive in the time of global recession.
H&M fanfared its first store in Moscow, the fashion-conscious capital of Russia. From now on the fashionable Moscow audience can find a varied and extensive range of clothes and accessories. H&M will feature international style inspiration with a full concept store on 3,000 sq metres.
World Bank president Robert Zoellick said Friday that 2009 was turning into "a very dangerous year" for the economy but warned G20 members against protectionist policies to fight the downturn.
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