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.
MAJOR EU RESEARCH PROJECT WILL BOOST CIRCULARITY IN TEXTILE PRODUCTION, SAY EXPERTS
The European textile industry is already working more sustainably but can do better, said Charlotte Denis, communications officer for the European Technology Platform for the Future of Textiles and Clothing (ETP). Her comments are particularly valid as the platform is a key partner in the new two-year research project CISUTAC (Circular and Sustainable Textiles and Clothing – www.cisutac.eu),…
TOBACCO AND VAPE FLAVOURINGS INNOVATION STILL THRIVES, DESPITE TIGHTENING REGULATION
“Flavours have been the best thing that has happened to the tobacco industry,” wrote US company Revival Vape in a recent blog on the growth of the electronic cigarette sector and the popularity of non-tobacco flavours.
It is not just vaping which has capitalised on the variety of flavours that can be created to drive sales.…
KEY BENEFITS OF AUTOMATION AND ROBOTICS FOR TEXTILES AND CLOTHING
A key question in any industry is to what extent robotics will be able to replace the human hand. This issue is especially pertinent for textiles and clothing – where sensor-based automation increasingly carries out human tasks such as assessing the feel of textiles and quality control.…
COUNTRIES OPPOSING RUSSIAN INVASION OF UKRAINE STRUGGLE TO AGREE WAY TO SPEND SANCTIONED MONEY AND PROPERTY
The list of Russian assets seized by its European and north American opponents grows ever larger, with super yachts joining bank accounts and expensive properties being sequestered. But could they be sold? Should they be sold? And should the money be spent on rebuilding Ukraine, if it drives out the Russian invader?…
INFLATION AND RECESSION WORSENS ML
While forecasts of a global recession are far from conclusive, the World Bank has in its latest international economy assessment released in September (2022) warned that such a downturn is a real possibility for 2023. (1) The reason is potential government spending tightening to deal with inflation rates not witnessed since the 1990s or earlier: “To stem risks from persistently high inflation, and in a context of limited fiscal space, many countries are withdrawing monetary and fiscal support,” noted the bank.…
EU AUTHORISES TRAVEL BANS AND ASSET FREEZING ON COLLABORATORS HELPING BREACH RUSSIAN SANCTIONS
THE EUROPEAN Union (EU) Council of Ministers has widened the scope of comprehensive sanctions imposed on Russia since it invaded Ukraine on February 24 so they can also be imposed on people or organisations helping to breach these measures.
In a statement, the Council said it said “circumvention of certain EU restrictive measures is likely to contribute to destabilising Ukraine or undermining its territorial integrity, sovereignty and independence.”…
PROGRESS ON MONEY LAUNDERING RISKS ‘PARALYSED’ SAYS BASEL INSTITUTE ON GOVERNANCE
Global progress on tackling the risks posed by money laundering and terrorist financing (ML/TF) is “paralysed” according to the latest annual index report (1) from the Basel Institute on Governance. Over the 11 years since the first report, AML risks “have changed depressingly little”, said Basel AML Index project manager Kateryna Boguslavska on October 4.…
PAKISTAN APPAREL INDUSTRY IN DEEP CRISIS DUE TO RISING INPUT COSTS AND GLOBAL RECESSION
In the wake of devastating floods in three of Pakistan’s provinces – Sindh, Punjab and Balochistan – the country’s textile and garment industries are facing multiple challenges compounding the destruction of cotton crop at a large-scale.
The country’s textile and apparel industries fear a major dent in export volumes, with competitiveness harmed by them having to import raw materials as a result.…
THE NEW TAX ON SUGARY DRINKS IN RUSSIA COULD COLLAPSE THE MARKET BY 30-40%
A new excise tax – on sugary drinks, of Russian Rubles RUB7 (EUR0.12 cents) per litre – could appear in Russia. The bill was adopted in the first reading by the State Duma on October 18. The new tax may be introduced as early as January 1, 2023.…
EUROPEAN GOVERNMENTS AND EU APPROVE ENERGY TAX BREAKS AND SUBSIDIES TO COPE WITH IMPACT OF RUSSIAN INVASION
If proof were needed that the European Union (EU) was genuinely concerned about the boom in energy prices sparked by Russia’s bloody invasion of Ukraine, it is surely a decision made by the EU Council of Ministers on September 30 to back an EU energy tax law, for implementation on December 1 (2022).…