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.
FATF SAYS USEFUL AML/CFT NEW TECH MUST BE EMPLOYED RESPONSIBLY TO REDUCE SOCIETAL HARM
The Financial Action Task Force (FATF) has released two detailed reports that encourage AML regulators and reporters to embrace new data collection and analysing technologies, but mind the potential impact on civil society caused by their widespread adoption.
A broader report assessing the potential of new tech, including data processing and artificial intelligence-driven systems, signalled that the global body may adapt its guidance on tech: “There is room for improvement in the relationship between FATF standards and digital transformation.”…
LIFESTYLE BUYERS CONTINUE TO BOOST ENGLAND & WALES RURAL LAND SALES, EVEN AS COVID-19 WANES
Urban dwellers relocating to the England and Wales countryside during the Covid-19 pandemic are driving up land prices and even leading to the return of gazumping, according to land agents. Lifestyle buyers looking for farmhouses and land in scenically attractive areas are increasing demand and prices for land without much agricultural merit.…
EU LAUNCHES LATEST RESEARCH PROGRAMME, WITH KNITWEAR COMPANIES ABLE TO TAP EUR95 BILLION BUDGETS
INNOVATIVE knitwear and their supplier companies will be able from this month (July) to explore applying for research funding from the European Union’s (EU) Horizon Europe programme, which has a budget of around EUR95.5 billion. This spending will continue until 2027, with companies generally needing to form international consortia, developing research on knitted products, knitting machinery, finishing and yarn projects, to secure funding.…
INTERNATIONAL REGULATORY ROUND UP – TRANS-ATLANTIC KNITWEAR TRADES BENEFIT FROM END OF AIRBUS DISPUTE
A trade war over airplane manufacturing subsidies between the USA and UK, which has led to 25% additional duties being levied on British knitwear exports to America, appears to have been resolved. The EU and the USA have suspended for five years retaliatory duties that both sides have imposed on each other’s exports in the long-running ‘Airbus’ subsidy dispute.…
JAPANESE KNITTERS AND MACHINE MANUFACTURERS ASSESS POTENTIAL OF HIGH-TECH FIBRES
With a large and mature technical textiles market that includes global players such as Asahi Kasei, Mitsui Chemicals and Toyobo, Japan has long benefited from solid research and development capabilities to drive innovation in high-tech fibre use. Now, as industries ranging from civil engineering to aerospace increasingly seek fibres delivering tough performance goals, knitting manufacturers are advancing further in high-tech fibre usage to meet their needs.…
TUNISIA'S GARMENT SECTOR RESILIENT DURING PRESIDENTIAL POWER GRAB
Tunisia’s garment industry has declared that it is open for business despite the political upheaval instigated by the seizure of power and dismissal of parliament by the country’s President Kais Saied.
His move, which also involved him dismissing Prime Minister Hichem Mechichi, followed often violent protests about government corruption and failures during the Covid-19 pandemic.…
LOOTING IMPACTS 1,000 CLOTHING STORES IN SOUTH AFRICA
Widespread looting in South Africa’s two most populous provinces last week caused significant damage to around 1,000 clothing stores and has impacted sourcing as well as garment and textile manufacturing.
Days of rioting and looting sparked by the arrest of former President Jacob Zuma spread throughout KwaZulu-Natal and Gauteng, which includes Johannesburg, home to some 27 million people.…
OPTIMISTIC TUNISIAN WORKWEAR MANUFACTURERS INVITE BRITISH CUSTOMERS TO VISIT
Tunisia’s garment manufacturing industry is actively encouraging British brands to visit this key North African near sourcing hub to discover the quality and real potential of its workwear.
The campaign is building on a December 2020 webinar when Tunisian producers connected with potential British buyers within the workwear segment, to create new trading partnerships.…
MAURITIUS APPAREL INDUSTRY SET TO REBOUND IN 2021 AFTER SEVERE CONTRACTION
Mauritius’ textile and clothing manufacturing sector is expected to witness year-on-year growth of around 18.5% this year (2021) after suffering a severe Covid-19-related contraction of 28.6% in 2020. The National Accounts Estimates released by Statistics Mauritius in June (1) predict robust growth for country’s textile and apparel industry, which accounts for almost 50% of the country’s overall manufacturing.…
JAPAN FOOD COMPANIES FIND ALTERNATIVE MEAT PRODUCTS DESIGNED FOR TOURISTS HAVE BECOME POPULAR LOCALLY
Alternative meat items are gaining a stronger foothold in Japan on the back of product development by mainstream meat producers, growing demand for healthy products and government support for the fledgling industry.
Although soy-based meat is not new to the Japanese market, with items such as tofu hamburgers and soy meat crumbles long holding an established place on supermarket shelves, the market is rapidly expanding and diversifying in response to changing needs.…