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.
NEW ZEALAND NEEDS TO MAKE AML/CFT BO IMPROVEMENTS SAYS FATF
NEW Zealand should improve its collection of beneficial ownership information to strengthen its AML/CFT regime, the latest mutual evaluation report (MER) on the country from FATF has concluded.
While the report was generally positive, with FATF stressing that “New Zealand has achieved notable results tackling money laundering, particularly in recovering the proceeds of crime,” the global body highlighted some necessary AML/CFT improvements.…
LONDON FASHION HOUSE PUSHES SALES OF BABY CAMEL HAIR YARN FROM MONGOLIA
FIBRE from Mongolian Bactrian camels in the Khangai region have become the focus of international marketing, with a key UK-based trader claiming the wool from their “coats are softer” than those of other camels in Mongolia, offering “unique natural properties”. London-based design house and luxury brand Tengri stressed that these fibres are harvested by their herders through hand combing in spring and offers the natural luxurious yarn and fibre sector a sustainable alternative to cashmere.…
EU ROUND UP- EU MINISTERS BACK DEEP REFORMS TO EUROPEAN CHEMICAL CONTROLS
EUROPEAN Union (EU) ministers have backed the EU Chemicals Strategy for Sustainability proposed by the European Commission last October (2020), clearing the political path for tougher controls. The EU Council of Ministers, in formal conclusions, backed the five policy priorities within the Commission’s plan – more innovation regarding safe and sustainable EU chemicals; tougher laws tackling chemical-based environmental and health concerns; simplifying and consolidating EU chemical laws; improving the EU’s knowledge database on chemicals; and promoting global food practice on managing chemicals.…
PERU’S ALPACA SECTOR INNOVATES TO SURVIVE PANDEMIC AND POLITICAL INSTABILITY
THE COVID-19 pandemic has caused significant disruption to Peru’s important camelid fibre sectors. Its large alpaca fibre and fabric industry has suffered, but there is maybe more concern about the impact on the smaller and more vulnerable vicuña industry.
Peru is the leading producer worldwide of vicuña.…
LOW QUALITY ASSURANCE HAS FAILED TO STOP DECLINING QUALITY OF TANZANIAN HIGHER EDUCATION
Low-quality assurance is to blame for the deteriorating quality of university education in Tanzania, after the country embarked on a fast expansion of higher education, a government audit report has shown.
The 2019/2020 report by the country’s Controller and Auditor General (CAG), presented to Tanzanian president Samia Suluhu in late March, documents that the country’s graduates’ competitiveness has been hampered by poor and outdated assurance mechanism.…
CANADA AUTOMOTIVE CYBER SECURITY CENTER RAISES AWARENESS OF HACKING RISK FOR AUTONOMOUS VEHICLES
CANADIAN auto dealers, whose sales of high-tech vehicles maybe hampered by safety concerns linked to hacking and computer viruses, are being assisted by a new university cyber-protection unit allied to parts-makers.
The SHIELD Automotive Cybersecurity Centre of Excellence is based at the University of Windsor, just over the Detroit River, and will work with Canada’s Automotive Parts Manufacturing Association (APMA), with whom it has signed a memorandum of understanding.…
CONCERNS RAISED IN CANADA ABOUT MONEY LAUNDERING AND AUTO SALES
A PUBLIC inquiry in British Columbia, Canada, has increased concerns about how auto dealers maybe exploited by criminal networks to launder dirty money. Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds.…
EVER GIVEN STRANDING WILL CAUSE MAJOR LOGISTICS DISRUPTION, DESPITE SHIP BEING FREED, SAY EXPERTS
The European garment sector has been growing uneasy about how the six-day stranding of the 400-metre-long cargo ship Ever Given in the Suez Canal will affect its supply chain. It has also been assessing the lessons for future contingency plans regarding such cargo transport pinch-points.…
INDIA’S CHEESE MARKET AND INDUSTRY GROWS FAST
If the international food industry wanted to look for a national market segment that is growing fast and offers real sales volumes, it would do well to examine the Indian cheese market. Sales are projected to reach USD1.7 billion by 2024, according to by India-based market researcher IMARC, being predicted to increase 25% annually from a base of USD430 million in 2018 – see ‘Cheese Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024’ (1).…
INDIA’S CLOTHING AND TEXTILE MANUFACTURERS HIT HARD BY BRUTAL SECOND COVID-19 WAVE
THE INDIAN clothing and textile manufacturing sector is facing renewed disruption as India is hit by a brutal second wave of Covid-19.
“Labour has [partially] gone, production is down and demand is falling,” Sanjay Arora, business director at consultancy firm Wazir Advisors told just-style.…