The Commission hopes the rules will incentivize clothing companies to reduce waste and increase the circularity of textile products — designing better products from the start.

“Machine suppliers should buy back the equipment and components we have purchased legally if we can’t use them,” said Yangtze Memory chairman and acting CEO Chen Nanxiang.

Nestle joins airline EasyJet Plc and Gucci owner Kering in backing away from so-called carbon offsetting as a way to meet net zero emissions targets.

The Development Bank of Southern Africa has applied to the South Korea-based Green Climate Fund for $235 million, according to documentation on the fund’s website.

Due to a drop-off in consumer demands over the last 12 months, 36.1% of small- and medium-sized businesses are now faced with excess inventories.

The agreement prevents a possible strike after 99% of FedEx Express pilots voted in favor of union leaders authorizing a strike May 17.