It’s believed that Japan is experiencing solid and sustained growth for the first time in years after a decade of deflation.
This dawning recovery has attracted the attention of many international investors, particularly hedge funds, which look to generate above-average returns for their investors by being the first to identify developing trends.
NEW FIBER
Adria, a leading textile company in Northern Ireland, has launched a high-tech fiber that the makers say will have “huge potential globally.”
CEO Carl Francis said: “Aril represents years of research and is the biggest innovation in yarn in recent years.”
The news is a raw of hope after a string of bad news about the Northern Irish textile industry.
British-based carpets International, which employs 300 at Donaghadee and Killinchy, went into receivership yesterday and Guild, a shirt business in Portadown, is under threat after losing a key customer. Dupont’s Lycra and Kevlar fiber plants in Derry are up for sale.
NO ‘N.Y.-STYLE’ BLACKOUTS
Northern Ireland Electricity has rejected an SDLP claim that the province faces “New York-style blackouts.”
As new gas-fired generators are set to come online, an NIE spokesperson rejected the suggestion by Dr Alaisdair McDonnell that Northern Ireland has no safety margin during peak demand.
“NIE has already initiated steps to ensure Northern Ireland maintains an excess of 20 percent capacity over peak demand,” Greer said. “While no eventuality can ever be completely ruled out, we are comfortable that all appropriate steps have been taken to ensure Northern Ireland’s electricity supply is secure.”