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.
CANADIAN DIGITAL TEXTILE SECTOR LOOKS TO POST-COVID RE-SHORING FUTURE AS IT BUILDS CAPACITY
TEXTILE and clothing products sold in Canada may have significant proportions of imports, but the country does retain an important digital textile printing capacity.
Covid-19, however, has changed the market according to researchers and companies working in the sector.
“Daily, I hear comments from clients that they want to keep their business local, and that they do not want to go offshore,” said Joe Scout, sales executive at Toronto-based Club Ink, manufacturers of film industry wardrobe costumes and digitally-printed (largely non-textile) display solutions and.…
EU/WTO REGULATORY ROUND UP – MAJOR EU RESEARCH FUNDING MADE AVAILABLE FOR FOOD AND DRINK INNOVATION
FOOD and drinks companies from across the European Union (EU) are now able to apply for research funding from the European Union’s (EU) Horizon Europe programme, which has a budget of around EUR95.5 billion. This spending will last until 2027, with companies generally needing to form international consortia focused on food, ingredients and packaging projects to secure funding.…
EU PLASTICS RESTRICTIONS PRESENT OPPORTUNITIES AND THREATS FOR METAL PACKAGING INDUSTRY
On July 3, 2021, the European Union’s (EU) groundbreaking, detailed and wide-ranging directive intended to reduce plastic litter came into force: the directive on single use plastics (SUP) (1) – as it affects a key competitor, the metal packaging sector has been keeping a close eye on the fallout.…
TECHNICAL ROUND UP - IASB AND FSB TOGETHER MULL AMORTISATION OF GOODWILL
The International Accounting Standards Board (IASB) will consider allowing the amortisation of goodwill, maintain some harmony with USA GAAP (generally accepted accounting principles). A joint US Financial Accounting Standards Board (FASB)/IASB education meeting discussed FASB plans to allow goodwill amortisation. “Most of those respondents commenting said that convergence on this topic with US GAAP was desirable,” said a meeting note.…
LA ARENA APPAREL INDUSTRIAL PARK IS READY TO BOOST HONDURAS MAQUILA INDUSTRY AFTER COVID-19 LOW
After completing the technical testing required, central America’s largest apparel factory is about to open in Honduras, producing sportswear for major brands such as Nike or Under Armour, an executive informed just-style.
La Arena, the Tegra Global-owned industrial park in San Pedro Sula, in the country’s north, will receive around 100 employees during the last week of August – its inauguration was delayed from January because of the Covid-19 pandemic.…
GLOBAL ASSOCIATION HELPS MAJOR COMPANIES WITH TOUGH JOB OF SANCTIONS COMPLIANCE
Companies breach sanctions laws at their peril. Fines of many thousands of dollars, and even jail terms, await the unwary or careless. Fortunately, an Association of Certified Sanctions Specialists (ACSS) has been created to advise businesses on negotiating the complex world of international sanctions compliance.…
RANSOMWARE POSES INCREASING RISK TO MAJOR COMPANIES
The cyber-attack on the Colonial Pipeline Co in the USA, which sparked the temporary closure of the eastern United States’ most important fuel pipeline, has focused attention on the risks posed by ransomware on major companies. These risks are increasing. Keith Nuthall reports.…
COVID-19 BROUGHT NEW FRAUD OPPORTUNITIES IN EU, SAYS OLAF
The scale of medical supply frauds committed in the European Union (EU) during the Covid-19 pandemic has been highlighted by the latest (2020) annual report (1) from the European Anti-Fraud Office (OLAF). It stressed that the trade in counterfeit face masks, hand sanitisers and gels, as EU countries rushed to secure stocks, often relaxing certification rules, proliferated, with fakes seized because of OLAF investigations, including 31,500 Covid-19 test kits, 2,416,000 face masks, and 140,000 litres of hand sanitiser.…
COVERT RECORDING DEVICES PROLIFERATE IN STYLES – BUT INVESTIGATORS MUST TAKE CARE TO USE THEM LEGALLY
Even though life has been increasingly lived online during the Covid-19 pandemic, there is still a significant market for hardware surveillance devices, including those that are covert, with recording devices hidden in everyday objects, such as pens, watches, even water bottles.…
SWISS DAIRY INDUSTRY CONFIDENT IT WILL SURVIVE FAILED EU/SWISS TRADE TALKS – BUT RISKS TO COMMERCE ARE REAL
SWITZERLAND and the European Union (EU) will gain nothing by throwing away existing trade rules after long-term negotiations to create a new comprehensive EU-Swiss ‘Institutional Framework Agreement’ collapsed, dairy industry experts have told Dairy Industries International (DII).
Talks ended on May 26, when Switzerland’s Federal Council announced it would not pursue its discussions with the EU, over concerns that a major EU deal would undermine Swiss wages, give EU immigrants social benefit rights and reduce Swiss government powers to subsidise particular chosen industries.…