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C&A has announced the closure of its highly acclaimed Factory for Innovation in Textiles (FIT) in Mönchengladbach. Despite significant investments in sustainable denim production, the project failed to meet economic expectations, marking a setback for European textile manufacturing.
#C&A#Mönchengladbach#Factory for Innovation in Textiles#jeans factory closure#Current events#Latest news#German news#breaking news#Breaking news today
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The European Central Bank (ECB) has reported a record loss of €7.94 billion for 2024, driven by high interest payments and asset write-downs. Experts warn of potential further financial setbacks and call for measures to safeguard the ECB’s financial stability.
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Explore in-depth economic analysis, market trends, and german news with Jim Bob. Stay ahead with expert commentary on business, innovation, and prosperity, all in one place.
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