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.
EGYPT BUILDS NEW EXPORT SEGMENT FOCUSING ON SUSTAINABLE AND ORGANIC BRANDS
Ethical clothing and textile brands and product lines are springing up in Egypt with an eye on export markets, with a newly formed Sustainable Fashion Alliance aiding the segment’s development by addressing potential problems in the supply chain and lobbying the government for assistance.…
HONG KONG RISK EXPERTS WARN THAT INCREASED TENSIONS WITH BEIJING COULD HARM TERRITORY’S CLOTHING SECTOR
A recent warning by the US government against investing in Hong Kong because of the strengthened Chinese security presence may weaken Hong Kong’s standing as a major centre for sourcing clothing and textile goods from mainland China, observers in the Special Administrative Region say.…
G7 DEAL LIKELY TO FORCE CHANGE IN DRINKS MAJORS’ TAX PRACTICES
A novel global taxation system under discussion at the G7, G20 and the OECD will raise minimum tax thresholds for drinks multinationals. However, only a handful are large enough to fall under a rule forcing them to pay tax in all their major markets rather than tax havens or their parent company base.…
SPIKE IN SCAMS CONS UK CONSUMERS OUT OF GBP2.3 BILLION IN A YEAR
A “devastating” spike in scams as criminals exploit the Covid-19 pandemic and a related surge in online shopping, saw UK consumers conned out of GBP2.3 billion (USD3.14 billion) in a year, according to Britain’s Consumers’ Association, also known as ‘Which?’ The conclusion come from analysing crime figures from reports to Action Fraud, the country’s national reporting centre for fraud and cybercrime.…
GERMAN CARMAKERS FINED OVER EUR875 MILLION FOR ADBLUE CARTEL
The European Commission has fined German carmakers BMW and Volkswagen (makers of the Audi, Porsche and Volkswagen marques) EUR875,189,000 for operating a cartel restricting competition in emission-cleaning technology for diesel cars for over five years. Another German carmaker, Daimler, escaped a fine for revealing the cartel existed to the Commission, under 2006 leniency notice provisions (1) that spare the first cartel member that comes clean about its existence. …
CONSUMER GROUP SAYS DELIVERY TEXT SCAMS BOOMING IN THE UK
Scams involving fake delivery company texts are booming in the UK, according to the Consumer Association, Which? Its latest survey showed 61% of 2,000 people questioned had received one or more such fraudulent messages in the past year (May 2020, to May 2021).…
OSINT INQUIRY RESOURCES EXPAND IN SCOPE, BUT ARE INCREASINGLY DIFFICULT TO MANAGE
THE COVID-19 pandemic’s boom in web usage has created opportunities for hackers and fraudsters to attack the unwary through electronic networks, however, on the plus side the scope for open-source intelligence (OSINT) inquiries online to reveal useful information about these criminals is growing.…
EUROPOL’S NO MORE RANSOM SITE STOPS NEARLY EUR1 BILLION IN LOSSES
In five years, the Europol-hosted website ‘No More Ransom’ (NMR) (1) “prevented criminals from earning almost a billion euros through ransomware attacks,” the European Union (EU) police agency claims. Launching a new more user-friendly home for its ‘Crypto Sheriff’ app on Monday (July 26), Europol said that through 121 free tools, able to decrypt 151 ransomware families of this malware, the NMR repository has helped more than six million people recover locked files for free.…
EU ROUND UP – OLAF AND EPPO STRIKE COOPERATION DEAL OVER FRAUD PROBES
The European anti-fraud office (OLAF) and European Public Prosecutor’s Office (EPPO) have struck a cooperation agreement to ensure their future work dovetails. They have agreed to exchange information; set guidelines on reporting and transferring potential cases; and deciding how to mutually support each other’s investigations.…
COVID-19 BOOSTS INVESTMENT IN AMERICAN DIGITAL TEXTILE PRINTING, AS COMPANIES EXPLORE RE-SHORING
The Covid-19 pandemic that accelerated e-commerce by an estimated five years will also lead to an increase in on-shoring for the US textile industry through sustainable digital printing, especially attracting millennial and Gen-Z consumers, say industry insiders.
Tight profit margins in the textile-garment sector mean it makes “no sense” to rely on an overseas supply chain when runs as short as half a yard of fabric can be carried out with digital print technology, argued Mike Scrutton, director print technology and strategy at California-based Adobe, which provides innovative software for digital textile printers
Moreover, Kathryn Sanders, CEO of Western Sensibility, a digital textile printing company based in Montana, described changes such technology is making to the US textile industry as “very powerful” and “incredible”, adding some American manufacturers and designers are “banking on this being the future”.…