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.
Rice exports from India, the world’s second-largest grower, are poised to slump from a record as supplies from Vietnam, Myanmar and Pakistan widen a global glut, according to the International Rice Research Institute.
Rescuers combing through the debris of a garment-factory building that collapsed in Bangladesh 18 days ago pulled a survivor from under the rubble yesterday, even as the death toll from the disaster rose to 1,085.
The death toll from the collapse of the Rana Plaza garment factory in Bangladesh swelled to more than 1,000 workers, cementing its place among a grisly lineup of the world’s worst industrial disasters and reinforcing calls that the tragedy lead to lasting change.
Like other would-be tiger economies, Vietnam faces a trifecta of new threats: a crisis-paralyzed Europe, a faltering America, and a newly spendthrift Japan. Yet the biggest risk to the nation’s future may be old-fashioned nostalgia.