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.
INTERNATIONAL TECHNICAL UPDATE – IASB RELEASES NEW STANDARD FOR INDUSTRIES WITH PRICE REGULATORY CONTROLS
The International Accounting Standards Board (IASB) has proposed a new accounting standard helping companies whose income can be changed by rate regulations, to give a clearer picture about their financial performance. Sectors covered include utilities and public transport, whose charges are often capped by governments.…
ISLAMIC FINANCE FLOURISHES IN THE GULF AND SE ASIA
Islamic finance is flourishing across parts of the Middle East and south-east Asia. Assets are increasing, there is a greater diversification in product offerings, and Islamic fintech is starting to take off.
Islamic finance assets were estimated at USD2.88 trillion globally in 2020, and are forecast to grow at a CAGR of 5% to 2024, to reach USD3.69 trillion, according to New York-based research firm DinarStandard’s State of the Global Islamic Economy (SGIE) 2020-21 report.…
BREXIT TO SPELL COSTS AND DELAY FOR CAN MANUFACTURERS, SAY EXPERTS
THE UNITED Kingdom’s definitive exit from the European Union (EU) on December 31, 2020, after an 11-month transition period, will severely disrupt the UK and European can manufacturing industry, experts have told CanTech International. That said, industry figures acknowledge however that, by avoiding blanket tariffs and a ‘no-deal’ Brexit, the UK/EU Trade & Cooperation Agreement (TCA) (1) signed on Christmas Eve did head off economic disaster. …
SHIFTING AND VARIED LABELLING RULES ARE MAJOR COMPIANCE CHALLENGE FOR INTERNATIONAL BEAUTY BUSINESS
REGULATIONS affecting what information can, should and cannot be placed on personal care product packaging are among the most demanding of compliance issues facing beauty manufacturers.
One reason is that this is both a very international field and a dynamic one – rules change all the time and vary widely from market to market.…
UK UNIVERSITIES TURNING BLIND EYE TO NIGERIAN MONEY LAUNDERING ASSOCIATED WITH FOREIGN STUDENTS, SAYS REPORT
UK universities and private schools are turning a blind eye to Nigerian political elites laundering dirty money through their fees and support payments to their children, according to a paper published by the Carnegie Endowment for International Peace. Sara Lewis and Samuel Okocha report.…
UK UNIVERSITIES TURNING BLIND EYE TO NIGERIAN MONEY LAUNDERING ASSOCIATED WITH FOREIGN STUDENTS, SAYS REPORT
UK universities and private schools are turning a blind eye to Nigerian political elites laundering dirty money through their fees and support payments to their children, according to a paper published by the Carnegie Endowment for International Peace. Sara Lewis and Samuel Okocha report.…
TURKEY DIGITAL TEXTILE PRINTING EXPANDS AS COUNTRY GRABS NEAR-SHORING BUSINESS BOOSTED BY COVID-19
The Turkish digital printing sector was hard hit in 2020 by the Covid-19 pandemic, but as demand for garments and textiles has rebounded, so has demand for new printers. Turkey is set to become one of the world’s top three digital printers in terms of capacity and machinery, with the trend for smaller print runs and retailers seeking orders made closer to home being major growth drivers.…
BREXIT LEADS TO EXPORT RED TAPE HEADACHES FOR BRITISH CHEESEMAKERS
THE 11TH-HOUR trade deal UK and European Union (EU) negotiators struck last Christmas Eve reassured many dairy traders, but British cheesemakers now face major challenges. New expensive and complicated bureaucracy for UK-EU trades is fouling-up overseas dairy sales, and even pricing smaller companies out of the EU market.…
EU BIOCIDE RULINGS HIT BRITISH TEXTILE FINISHING PRODUCT
THE EUROPEAN Commission has rejected a bid by the UK’s Contec Cleanroom (UK) Ltd to secure approval for the EU-wide use of a biocide categorised for use in textile finishing, for instance in wipes, under the EU biocidal products regulation.…
EU CASE TO FIGHT DUTIES ON CHINESE TEXTILE FINISHING CHEMICALS
ITALIAN chemical manufacturers Far Polymers Srl, Gamma Chimica SpA, Carbochem Srl and Jeniuschem Srl have asked the European Court of Justice (ECJ) to scrap anti-dumping duties imposed last September (2020) by the European Commission on imports from China of polyvinyl alcohol (PVA).…