Category: Business

Fast fashion lies: Will they really change their ways in a climate crisis?

Recently Zara introduced a sustainability pledge. But how can Zara ever be sustainable? As the largest fast-fashion retailer in the world, they produce around 450 million garments a year and release 500 new designs a week, about 20,000 a year. Zara’s fast-fashion model has been so successful it has inspired an entire industry to shift — churning out an unprecedented number of fashion garments year-round.

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Airbus A380: from high-tech marvel to commercial flop

This time it really is over. Airbus chief executive, Tom Enders, recently announced the end of the A380, the largest commercial aircraft ever built. Despite reported investments of more than €14 billion, this iconic European project has not been as successful as was originally hoped. With only 234 units delivered out of 313 ordered over 13 years, it is far from the break-even point – originally estimated at 1,200 aircraft over 20 years. With orders drying up and production already running at a minimum, it was time for Airbus to stop the damage.

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Why Nigeria should first support rice farmers before it cuts off imports

Nigeria spends an average of US $22 billion (₦7.92trn) each year on food imports. Its major food imports include wheat, sugar and fish.
Another big import, rice, accounts for about US$1.65 billion, or ₦0.59trn. Most of the country’s rice is imported from Thailand and India.
This has led analysts to predict it will be the world’s second largest importer of rice after China in 2019.

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Regulations needed after cryptocurrency CEO takes passwords to his grave

Legalising cannabis can have major benefits for all citizens. If carried out correctly, everyone will benefit from less crime and stronger rule of law. Legalising the drug will especially help protect young people and may even lower their consumption of the drug. It is also a way of raising taxes for the state, instead of fuelling criminal organisations, which currently control the illegal market.

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Economics of legalising cannabis – pricing and policing are crucial

Legalising cannabis can have major benefits for all citizens. If carried out correctly, everyone will benefit from less crime and stronger rule of law. Legalising the drug will especially help protect young people and may even lower their consumption of the drug. It is also a way of raising taxes for the state, instead of fuelling criminal organisations, which currently control the illegal market.

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