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.
CYBERCRIME NOW COSTS THE GLOBAL ECONOMY MORE THAN USD1 TRILLION A YEAR, SAYS REPORT
Cybercrime costs the world economy more than USD1 trillion, or just over 1% of global GDP, according to the latest joint report from US anti-virus vendor McAfee and the Washington DC-based Center for Strategic and International Studies (CSIS). This is up more than 50% from their 2018 study that put global losses at close to USD600 billion.…
CHINESE STARTUP SINKS TEETH INTO SUGAR FREE CHOCOLATE
A Shanghai-based startup confectioner LANDBASE (NOTE TO EDITOR – UPPER CASE SPELLING FOR COMPANY NAME IS CORRECT) has tapped China’s competitive chocolate market though selling sugar-free chocolate, sweetened with alternative flavouring inulin, targeted at health-focused consumers.
The two-year-old company’s brand CHOCDAY and product lines ‘Dark Milk’ and ‘Dark Premium’, have been developed in China, but manufactured in Switzerland for the Chinese market, a first in China.…
COMPANIES AND RESEARCHERS INNOVATE TO TAP GROWING VEGETABLE-BASED MEAT PRODUCT MARKET
WITH market researchers such as Polaris predicting that the global vegetable-based meat product market will generate USD35.4 billion in sales by 2027, major and small food tech companies are working hard to tap this growing niche. Polaris predicts that the segment will expand with a compound annual growth rate of 15.8% between 2020 to 2027, so there is space now for innovative products to attract market share.…
SOUTH ASIAN CLOTHING MANUFACTURERS SHUTTER TIGRAY PLANTS BECAUSE OF ETHIOPIAN WAR - FLY STAFF HOME
INDIAN garment exporters with manufacturing units based in the war-ravaged Tigray region of Ethiopia are hoping for an early revival of operations and in the interim say they are finding alternate production centres to honour their supply commitments.
“We are making the products [that were to be supplied from Ethiopian] in our Indian factories,” Arul Saravanan, chief marketing officer of SCM Garments Pvt Ltd, in Tirupur, south India, told just-style.…
CHINA PET MATERIALS MARKET FACES NEW IMPORT BAN THREAT
China’s recycled polyethylene terephthalate (PET) materials market is heading for another distortion with repercussions for apparel and footwear brands. While the likes of Adidas, Nike and Decathlon continue shifting from virgin fibre to recycled fibre to improve their environmental impact standings, China’s PET market is heading for another distortion, raising the spectre for supply bottlenecks and price increases. …
NESTLÉ BRINGS PLANT-BASED MEAT PRODUCTS TO CHINA, SEEKING STRONG PRESENCE IN ASIA
Nestlé’s senior vice president at Nestle Professional for Greater China region has said the target of the company’s new Harvest Gourmet plant-based meat product line (released in Beijing December 9) would be consumers with ethical and personal health concerns.
“Harvest Gourmet targets the consumers who seeks a balanced diet with enough nutrition intake, and who want to contribute to food sustainability,” Altug Guven, told just-food.…
MAURITIUS CLOTHING AND TEXTILE COMPANIES LOOK TO NEW TECH INVESTMENTS TO SHARPEN POST-COVID 19 EFFICIENCIES
The Mauritius clothing and textile sector has been assessing its use of technology to reduce costs and boost efficiency as it mulls how to emerge from the Covid-19 pandemic in good shape to compete globally.
Avinash Goburdhun, managing director and owner of Wensum Ltd, a company supplying formal wear to the UK and USA, said: “More emphasis is being laid on the use of technology across the factories, with more lean production and supply chain consolidation to reduce airfreight costs.”…
MAURITIUS CLOTHING SECTOR NEEDS TO RECOVER DYNAMISM POST-COVID THROUGH ACCESS TO LATEST TECHNOLOGY AND INNOVATION, SAYS NEW GOVERNMENT PLAN
A new Mauritius government plan designed to pull the country’s manufacturing industry into rude health after being buffeted by Covid-19 has proposed that the clothing and textile sector invests in the latest technology and uses it to leverage local design talent.…
TUNISIAN INVESTMENT AND INITIATIVES AFFECTING DENIM AND KNITWEAR AIMS TO BOOST ‘CIRCULAR ECONOMY’ SUSTAINABILITY
Denim companies in Tunisia are pushing forward to create a sustainable circular economy segment, making high quality jeans from recycled fabrics.
The work is being encouraged by a European Union (EU) funded regional resource efficiency initiative called SwitchMed, which is led by the United Nations Industrial Development Organization (UNIDO).…
EDIT OF OP-ED PIECE ON SYRIAN DIPLOMATIC STRATEGY
ARAB COUNTRIES MUST JOIN WEST IN DIPLOMATIC ENGAGEMENT WITH SYRIA TO FORGE NEW PEACE
After a 10-year-old civil war in which an estimated 400,000 people have died, calls for restoring diplomatic relations with the ruthless government of Bashar al-Assad, now controlling around 75% of the country, sound like bitter medicine.…