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The Egmont Group is the global organisation linking financial intelligence units (FIU), which are the primary agencies in each country and autonomous jurisdiction worldwide charged with detecting and analysing money laundering and terrorist finance. The group’s chair Hennie Verbeek-Kusters spoke to Commercial Crime International in an exclusive interview.…

The impending withdrawal of Ethiopia from the USA’s Africa Growth and Opportunity Act (AGOA) because of human rights concerns will be disruptive and damaging to the country’s clothing and textile sector, a senior government official has told Just Style.

Bantiyhun Gessese, communications affairs directorate director at the Ethiopia Textile Industry Development Institute (ETIDI) said “AGOA has been a major incentive for domestic and international investors to export various types of light manufacturing products free of tax, while creating massive job opportunities especially for the youth.”…

The use of ‘sewbots’ that can replace human sewers and other robotics look set to transform the clothing and textile supply chain and facilitate reshoring or near-shoring to developed countries currently reliant on lower income outsourcing hubs, maybe thousands of kilometres away from buyers.…

In 2019, before Covid-19 knocked the industry off a seemingly unstoppable growth trajectory, 95 billion gallons of fuel was burned by commercial airlines worldwide said statistical service Statista.

Speaking to Petroleum Review, International Civil Aviation Organisation (ICAO) deputy director for environmental protection Jane Hupe said analysis undertaken by the UN agency found “that, by 2050, it would be physically possible to meet 100 percent of international aviation jet fuel demand with sustainable aviation fuels, corresponding to a 63 percent reduction in emissions.”…

Every four years, people worldwide, armed with statistics, predictions and expectations, gaze at traditional, smart, and portable screens, waiting for an anticipated globally important event. Some observers are enthusiastic, others are indifferent – but everyone awaits the results.

But this is no sporting championship.…

The International Organisation of Securities Commissions (IOSCO) has called on regulators to proactivity ensure environmental, social, and corporate governance (ESG) ratings and data product providers perform at a high standard. In detailed guidance, IOSCO noted: “Their significance and usefulness will only continue as capital markets intensify efforts to support the shift towards a net zero economy.”…

The leaders of Tunisian textile industry argue that their independent development plans will help them weather Tunisia’s ongoing political storms, staying on track in growing export and internal markets.

When President Kais Saied announced froze parliament and sacked Prime Minister Hichem Mechichi on July 25 (2021), there were initially scenes of jubilation, but these have morphed into fears about instability and uncertainty as he gathered power into his hands to rule by presidential decree.…

Opposition is mounting outside the Big Three US auto manufacturers to proposed federal tax credits for electric vehicle purchases within proposed House of Representatives and Senate versions of the Build Back Better Act.

With a House vote maybe happening this week, representatives of foreign-owned and non-union manufacturers as well as the Canadian and Mexican governments, are pushing for changes to the tax credit packages under discussion.…

South Korea’s pharmaceutical industry, a global player with exports reaching South Korean Won KRW7.93 trillion (USD6.8 billion) in 2020, has been expanding its foothold in the world’s Muslim markets, offering guarantees that manufacturers avoid inputs that are offensive to Muslims.…

The halal food market and industry in Kenya, east Africa’s economic hub, is growing, say experts, although reforms in regulation and certification are needed to underpin the sustainability of this growth.

As elsewhere, said Eugene Jernigan, director of International Trade Policy and Development at the Action Green for Trade and Sustainable Development (AGTSD) organisation, that serves small businesses in Kenya, Covid-19 hit food service sales in Kenya, and that included halal outlets.…