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.
PAKISTAN TEXTILE GROUPS MULLING USD 1 BILLION NEW INVESTMENT IN TEXTILE INDUSTRY
PAKISTAN’S major Punjab province-based textile groups have discussed plans to invest at least USD1 billion in new value-added textile projects which could boost job creation and exports. According to patron-in-chief of the All Pakistan Textile Mills Association (APTMA) Gohar Ejaz, Sapphire, Suraj, Kamal, US Apparel, Interloop, Fazal Cloth Mills, Mahmood Textile, Ayesha Group, Bhanero Group, Ejaz Group, Kohinoor Mills, Sadaqat Textile Ltd have decided to make collaborative investments that enable them to maximise potential overseas demand, because of the export-friendly policy of Pakistan’s new government.…
BOTSWANA’S FIRST BIG 4 FEMALE MANAGING PARTNER IS A STRONG PROMOTER OF ACCOUNTING EXCELLENCE
Gosego Motsamai, the new managing partner and country manager at KPMG Botswana, has blazed a trail by being the first woman to secure such a post in a Big Four firm within this dynamic emerging market country.
With 23 years’ experience, Motsamai still brims with passion for the profession and often works late into the evening to ensure deadlines are met, a tidy habit she has developed from her early days as an accountant.…
EU CLAIMS LNG COOPERATION WITH USA HAS SPARKED BOOMING TRADE
THE EUROPEAN Commission has hailed a 272% increase in liquified natural gas (LNG) exports from the United States to the European Union (EU) since a landmark meeting last July (2018) between President Donald Trump and Commission president Jean-Claude Juncker.
Releasing trade data at a High-Level Business-to-Business Energy Forum staged in Brussels, where LNG executives from Europe and America discussed increasing this trade, the Commission said EU imports of US LNG in March hit a record 1.4 billion cubic metres.…
NEW EMISSIONS STANDARDS WILL PROMOTE SHIFT TO ELECTRIC VEHICLES, EXPERTS SAY
THE NEW CO2 standards approved by European Union (EU) legislators for cars, vans and trucks being driven in its territory will lead to more electric vehicles (EVs) and alternative drivetrains including hybrids and fuel cells, experts have told wardsauto.
On April 18, the European Union (EU)’s elected legislative body the European Parliament, approved the first EU regulation on emissions standards for heavy-duty vehicles.…
USA PAINT AND COATINGS INDUSTRY HIT BY TRADE WAR WITH CHINA, DESPITE ROBUST ECONOMY
The US paint and coatings industry is set to experience pain as “the spectre of significantly reduced profits looms large” because of the ongoing trade war over tariffs with China, a trade think-tank has warned.
And American industry representatives have indicated job losses and “negative financial impacts” could result from the tariffs increasing the cost of chemicals and other raw materials imported by the sector.…
CHINA TOBACCO EXPORTERS HIT BY USA TARIFF INCREASE THAT LOOK LIKELY TO STAY IN PLACE
CHINESE tobacco exporters are facing stiff additional duties of 25% imposed by the US government on a wide range of tobacco products imported into the USA, as the two countries’ trade war worsens.
Washington has increased previous 10% additional duties on manufactured lines, leaf and tobacco waste from China to 25% from May 10, citing a lack of progress on ongoing trade talks.…
ECHA SAYS PAINT COMPANIES SHOULD CONTINUE TO PREPARE TO BREXIT, EVEN WITH NEW DELAYED EXIT DEADLINE
THE EUROPEAN Chemicals Agency (ECHA) has recommended that companies concerned that their compliance with European Union (EU) chemical control system REACH might be impacted by Brexit should continue preparations for Britain’s possible withdrawal. With the UK having been given a new flexible exit deadline of October 31, ECHA has said it “recommends companies to continue preparing for a new, flexible withdrawal date”.…
EUROPEAN NONWOVENS SECTOR GROWS EXPORTS AS A HIGH QUALITY CENTRE OF INNOVATION
EXPORTS of nonwovens products from the European Union (EU) to the rest of the world are on the rise, with in 2018 such overseas sales of nonwovens (whether or not impregnated, coated, covered or laminated) within the 28 members of the European Union (EU) accounted for EUR4.33 billion, up from EUR4.19 billion in 2017.…
BRITISH COATINGS SECTOR OPTIMISTIC FOR THE LONG-TERM, DESPITE DISRUPTION EXPECTED SHOULD BREXIT COME TO PASS
THE UK paint and coatings sales may be on a downward trend according to the latest market data but industry experts are hoping that the industry will bounce back in the medium to long term, even should the country exit the European Union (EU).…
MONEY SERVICE BUSINESSES IN EMERGING MARKETS FACE TOUGHER COMPLIANCE AND DERISKING DEMANDS
MONEY service businesses (MSBs) are having a tougher time operating in compliance with international AMF/CFT rules, especially those in emerging market countries, where they have to deal with a double challenge of tighter controls and derisking by banking partners.
MSBs throughout the Middle East, for instance, have been hit by derisking from correspondent banks as well as designations by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).…