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.
BIOMETRIC TECHNOLOGY INCREASINGLY SOPHISTICATED AS COMPANIES SEEK REAL TIME ID SOLUTIONS
The test remains the same. French tech multinational Thales stressed in a paper that they “allow a person to be identified and authenticated based on recognisable and verifiable data, which are unique and specific…” compared to a person’s biometric template.…
CONCERN RISES THAT AMERICAN CLOTHING SUPPLIES MAY SUFFER FURTHER KNOCK FROM SOUTH CHINA COVID-19 OUTBREAK
Apparel and footwear brands, especially those in the United States, may come under increasing distribution strain as an uptick in Covid-19 cases in the Chinese clothing and textile manufacturing hub of Guangdong exacerbates already fraught global logistics. The southern Chinese province recorded 135 total infections over the period June 10–23 and a seven-day average of nine new cases as of June 23, according to data from the USA’s Johns Hopkins University.…
CHINA’S AMOS BETS ON NOVEL SWEETS
Amos Sweets, a veteran global confectionery supplier based in Shenzhen, Guangdong province, aims to be the face of China’s new generation of candy maker through offering novel, nourishing, high quality sweets.
Investors have bought into the idea. In early 2021, the company received an investment of nearly Chinese Yuan Renminbi CNY100 million (USD15.6 million) through a series A funding round.…
US MAKES FIGHT AGAINST CORRUPTION NATIONAL SECURITY PRIORITY
United States President Joe Biden has made the fight against corruption a core national security interest in a White House announcement (1) timed to coincide with the United Nations General Assembly’s special session on corruption (2) June 2 to 4. Biden’s June 3 ‘Memorandum on Establishing the Fight Against Corruption as a Core United States National Security Interest’ points to the “staggering” cost of corruption, assessing it as 2% to 5% of global gross domestic product (GDP), and flags up the “critical advantage for the United States and other democracies” in preventing and countering corruption worldwide.…
ITALY’S BIGGEST CRYPTOCURRENCY FRAUD: EXIT SCAM OR AN OUTSIDE JOB?
ITALY’S postal police suspect that the owner and manager of now bankrupt Italian cryptocurrency exchange BitGrail may have been involved in one of the country’s biggest cryptocurrency hacks resulting in approximately EUR120 million in losses. Public prosecutors in Florence are expected to bring the accused (formally named by his initials FF in these proceedings, under Italian privacy laws) before a criminal court over his alleged involvement in the scam, which defrauded over 230,000 users worldwide. …
INTERNATIONAL REGULATORY ROUNDUP – CONFECTIONERS COULD BENEFIT FROM MAJOR NEW EU RESEARCH PROGRAMME
INNOVATIVE confectionery and sweet bakery companies will be able from next 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 last until 2027, with companies needing to form international consortia focused on food, ingredients and packaging projects to have the best chance of securing funding.…
PMI WARNS OF EXPANDING ILLICIT ONLINE SALES PLATFORMS
A spokesperson said: “Covid-19 has accelerated the trend of illicit markets moving toward e-commerce and cyberspace, while also expanding the range of goods being sold online and on the dark web. This may redefine the route of illicit goods to market.”…
MALTA’S TOP CASINO COMPANY PUNISHED FOR AML/CFT CONTROL FAILINGS
MALTA’S only multiple casino operator has been fined over serious AML/CFT failings, with the country’s Financial Intelligence Analysis Unit (FIAU) ordering Tumas Gaming Ltd to undertake AML control reforms.
The company must pay EUR233,156 for breaching the country’s Prevention of Money Laundering and Funding of Terrorism Regulations.…
USA IMPOSES TOUGHER SANCTIONS ON RUSSIA OVER CYBERATTACKS, ELECTION MEDDLING AND ASSASSINATIONS
CONCERN about continued Russian meddling in American elections, the ‘SolarWinds’ backdoor hack into major US institutions, and targeted assassinations of dissidents abroad, have sparked the imposition of major new sanctions powers by President Joe Biden,
Declaring a national emergency to fight the cyber-crime threat posed by Russia, Biden released an executive order giving his administration wide-ranging powers to freeze and block asserts of Russian individuals and companies deemed associated with these Russian intrusions.…
CHINA’S NONWOVEN SECTOR RIDES HIGH ON COVID-19 GAINS, CAUSING SOME MARKET AND SUPPLY DISRUPTION ACROSS ASIA
When the COVID-19 pandemic unfolded in the first half of 2020, China’s textile industry quickly increased its nonwoven-based supply capacity of protective masks, medical protective clothing, isolation clothing and other emergency prevention and control materials.
Data compiled by the China National Textile and Apparel Council show that the country’s output of nonwoven products recorded a robust year-on-year growth of 14.4% in in the first eleven months of 2020.…