Bangladesh News
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Hennes & Mauritz AB, Europe’s second- biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week.
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Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders.
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About 70 percent of Americans have heard of the building collapse in Bangladesh that killed more than 1,000 people, and for some it means they’ll probably buy fewer goods made in the country.
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Officials from Bangladesh are lobbying U.S. President Barack Obama’s administration not to revoke trade preferences as it reviews worker-safety conditions in the Asian nation.
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Investors including Trillium Asset Management, U.S. pension funds and religious groups are putting additional pressure on retailers with suppliers in Bangladesh to disclose and improve safety in factories.
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If all it took were official cajoling, public shaming, technical assistance or corporate promises, factory jobs in Bangladesh and other developing countries wouldn’t be so deadly.
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Twenty-five retailers including Hennes & Mauritz AB and Inditex SA pledged at least $60 million over five years to monitor safety in Bangladesh factories ahead of a midnight deadline to sign the accord after a building collapse that killed more than 1,100 people.
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A Cambodian shoe factory partially collapsed today, killing at least two and injuring five, Xinhua reported, citing district police chief Khem Pannara.
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As Aleya Begum sewed pants for 11 hours each day, vibrations from a power generator shuddered across the roof of her Dhaka garment factory.
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Bangladesh started evacuating people from some coastal areas as Cyclone Mahasen was set to make landfall tomorrow morning.
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