Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
UK FINANCE SAYS PUSH FRAUD BOOM MAKES FINANCIAL SCAMS A NATIONAL SECURITY RISK
Britain’s financial services trade association UK Finance has warned of a glut in fraud in January-June 2021 (H1), with fraudsters stealing GBP753.9 million (USD1 billion) in this way, up 30% from H1 2020. Advanced security systems used by banks prevented a further GBP736 million from being stolen, said UK Finance.…
EUROPE AND US CCS PROJECTS TAKE OFF – WITH TWO APPROACHES TO DECARBONISATION
European and US interest in carbon capture and storage/sequestration (CCS) and carbon capture utilisation and storage (CCUS) is continuing to surge as governments make ever more ambitious climate change commitments.
In tandem with improvements in technology mean capturing carbon dioxide (CO2) emitted from industrial processes, power generation or directly from the air, and either storing or using it, CCS/CCUS is no longer viewed as a marginal solution with limited applications. …
SOUTH AFRICA DAIRY SECTOR REELS FROM ZUMA UNREST AFTER FIGHTING IMPACT OF COVID-19 AND ECONOMIC STAGNATION
South Africa’s dairy sector has been dealing with a triple whammy of low economic growth, the Covid-19 pandemic, and a spate of unrest in July in parts of the country that caused major damage to retail outlets and the spoilage and wastage of up to 1 million litres of milk.…
BRAZIL TEXTILE FINISHERS MULL DIGITAL EXPANSION, DESPITE LOCAL POLITICAL AND ECONOMIC CHALLENGES
Brazil’s larger companies operating digital textile printing services have experienced a sharp recovery since social distancing restrictions imposed by Covid-19 waned, with many companies now investing in new equipment to move forward. But the country’s troubled politics – with far-right President Jair Bolsonaro earlier this month (September) saying he would refuse to recognise decisions made by the country’s Supreme Court – are limiting how much commercial risk textile firms are prepared to make.…
THERANOS CASE SHOWS HOW COMPANIES AND EXECUTIVES ARE EASILY DUPED AND FAIL TO CONDUCT PROPER DUE DILIGENCE
A fraud case now underway at San Jose, California, has seen prosecutors allege senior business executives were duped by a young wunderkind in medical technology – Elizabeth Holmes. But lessons can be learned here – straightforward due diligence may have saved victims a lot of money – Keith Nuthall reports.…
MOROCCAN GARMENT INDUSTRY EXPANDS TRADE WITH UK DESPITE CONTINUING COVID CRISIS
The Moroccan garment manufacturing industry is targeting market diversification in the UK as one way of recovering from Covid-19.
Clothing makers in thus key European near-sourcing hub are still struggling with the impact of the pandemic, with general secretary of the Moroccan Textile and Garment Industry (AMITH) Fatima-Zora Alaoui highlighting to Just Style the postponement of its production showcase Maroc in Mode, which had been scheduled for October, until March 2022.…
PANDEMIC DISRUPTS INDONESIA’S TEXTILE AND CLOTHING DIGITISATION PUSH
The Covid-19 pandemic has disrupted Indonesia’s efforts to digitalise its textile and clothing sector, with only a few large companies adopting new industrial revolution 4.0 technologies amid a slump in exports, government officials and industry executives have warned.
Three years ago (2018), Indonesia’s industry ministry unveiled an ambitious ‘Making Indonesia 4.0’ plan to encourage manufacturers to adopt virtual reality, 3D design, automation and internet of things technologies.…
SRI LANKA CLOTHING SECTOR FOLLOWS UP SUCCESSFUL COVID-19 POLICIES WITH LONG-TERM RECOVERY PLAN
A successful apparel-sector worker vaccination programme – where over 90% of its employees have been jabbed with single dose and 70% double-jabbed since June to date – has helped drive Sri Lanka’s clothing export sales.
Between January to July (2021), the country’s apparel exports were at USD2.75 billion, up from USD2.27 billion in January-June 2020, Yohan Lawrence, Sri Lanka’s joint apparel association forum (JAAF) executive committee member told Just Style.…
BANGLADESH BUILDING TOWARDS SUSTAINABLE FASHION THROUGH GREEN FACTORIES AND CIRCULAR ECONOMY
The Bangladesh clothing manufacturing sector is continuing to strive to improve its sustainability profile, which has remained a key focus since the collapse of the Rana Plaza manufacturing complex killed 1,134 people in 2013.
While the response has been uneven, the industry and government has been and is continuing to adopt circular economy methods, chase UN sustainable development goals (SDGs), alignment, improve working conditions and pay, decarbonisation, energy efficiency, chemical management, water resource management, waste reduction, and more.…
EL SALVADOR TEXTILE AND MANUFACTURING SECTOR RECOVERS 74.8% OF THE EXPORT VOLUME AFTER TOUGH 2020
After a Covid-disrupted 2020, the clothing manufacturing industry in El Salvador is now recovering fast, with sales pushed increasing demand in its key United States export market. Sales to the USA gathered USD1.5 billion in the first semester of 2021, USD664 million more than the same period in the previous year (+74.8%), according to data from El Salvador’s central bank (Banco Central de Reserva de El Salvador).…