Lebanese Banks Are Battling It On In A Difficult Environment
By Paul Cochrane in Beirut
Lebanon’s banks are at the frontline, both literally – the country borders war-ravaged Syria north and east – and as they negotiate to preserve or recover correspondent relationships in a de-risking environment.
UK drinks association warns its relationship with EU industry bodies may change post-Brexit
By Andrew Burnyeat Britain’s Wine & Spirit Trade Association (WTSA) has said its formal relationship with pan-European Union (EU) associations could change should the UK government go ahead with its Brexit referendum mandate and quit the EU.
Brexit poses key questions on regulation for all business and professional sectors, in and outside the UK
By Keith Nuthall The UK’s vote on June 23 to quit the European Union (EU) creates deep uncertainty over the shape of regulations and legislation in Britain, affecting all economic and professional sectors. As new UK Prime Minister Theresa May takes office, she has the toughest in-tray imaginable – recasting and then renegotiating the UK’s regulatory relationship with the 27 countries remaining in the EU and the EU’s central institutions.
Brexit vote on a knife-edge
By Andrew Burnyeat The Brexit polls predict a knife-edge night of nervous nail-biting for both Remainers and Brexiteers on June 23.
This needs some explanation, given that the vast majority of centre-right, centre and left politicians, together with a huge majority of business leaders and industry associations want the UK to continue its membership of the European Union (EU).
Nuclear deal may have swept away many sanctions, but Iran struggles to mesh with global financial system
By Paul Cochrane, in Beirut Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks’ caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran’s financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.
Automakers tell Britain auto jobs could be lost if the UK leaves the EU
By Sara Lewis, in Brussels With a June 23 date set for Britain to hold an in-out referendum on UK membership of the European Union (EU), the European car industry has made it clear it wants British voters to keep their country within the 28-member state bloc.
Four top automaker executives have rejected Brexit (British exit from the EU) by adding their names to a letter from business leaders to the London-based The Times newspaper, flagging up the EU’s benefits.
WORLD TRADE ORGANIZATION ANNOUNCES DEAL ON FARMING SUBSIDIES
Developed country members have committed to remove export subsidies immediately for basic food products, with a slower phase-out schedule for all processed foods, pigmeat and dairy products.
For these products, the governments of more developed markets have negotiated some leeway, if their governments have previously notified the WTO agriculture committee about the subsidies. If ...
HIJAB SALES OFFER INDONESIAN TEXTILE MANUFACTURERS ADDITIONAL MARKETS
Redma Gita Wiraswasta estimates that 45 million hijabs are sold annually in Indonesia, with prices for standard products ranging between USD3.70 and USD11. The country has the largest Moslem population in the work - around 180 million. Wiraswasta said weaving and knitting factories are earning from the “very ...
VIETNAM’S CLOTHING AND TEXTILE COMPANIES LEFT OUT FROM E-COMMERCE BOOM
The south-east Asian clothing and textile outsourcing hub now has the second fastest e-commerce growth rate in the Asia-Pacific region only behind Malaysia, according to a survey published by credit card company MasterCard earlier this year. But although Vietnam’s ministry of industry and trade has for years been encouraging the country’s garment companies to substantially increase their sales through ...
PAKISTAN TEXTILE INDUSTRY SLAMS GOVERNMENT FOR FAILING TO IMPLEMENT ITS OWN TEXTILE POLICY
Amir Fayyaz Sheikh, Punjab chairman of the All Pakistan Textile Mills Association told WTiN.com: “Addressing problems of industry is low on the government’s priority list. The textile policy has not been implemented.” Indeed, it has not even replaced the former ministry textile industry Abbas Khan Afridi, who stepped down in March, after ...