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Europe’s food and drink industry is facing tough general and industry-focused inflation rates not witnessed since the global financial crisis and its related recession in 2008-9. These past food inflation rates dipped sharply and quickly as governments took control of this crisis – government spending was mopped up by bad debts rather than additional purchases.…

The World Trade Organisation (WTO) has signalled that it may resume its importance in promoting free trade in food and drinks by securing a global agreement that limits fishing subsidies. At its 12th Ministerial Conference in Geneva, Switzerland, in June, the WTO banned subsidies for illegal, unreported, and unregulated (IUU) fishing by its member jurisdictions – covering most countries in the world.…

The shortage of skilled workers in the US renewable energy industry is a straightforward economics problem, according to green power industry consultant Bob Parkins: “Too much demand and too little supply.” The ‘Inflation Reduction Act’, the scaled down version of the ‘Build Back Better Act’ that failed to secure enough support, will still boost renewable energy in the USA.…

Russia’s invasion of Ukraine has created major challenges for the dairy industry in its neighbour Moldova, but should this eastern European country survive the war intact, its dairy producers may have a sustainable future. The shock caused by the invasion has pushed Moldova’s pro-European Union (EU) government even closer to the EU, in which next door Romania, whose language is spoken by most Moldovans, is a key member state.…

With inflation and hard currency shortages compounding the economic disruption caused by Covid-19, governments in south and south-east Asia have been implementing unorthodox trade controls to wrestle control – unfortunately, the beauty sector has been a victim.

Pakistan is a case in point.…

Serious concerns have been raised by Accountancy Europe and other accounting organisations about the speed proposed European Union (EU) sustainability reporting standards are being developed by the European Financial Reporting Advisory Group (EFRAG). The association and others are also worried about the amount of data demanded in planned mandatory EU sustainability reporting.…

The technical textile market looks set to ride out current turbulence caused by inflationary and geopolitical pressures, including Russian militarism, with a projected uptick in global performance – research and industry commentators predict. But plans for onshoring and innovation investments might be delayed as day-to-day costs continue to rise.…

MORE than 150 days since the beginning of Russia’s invasion of Ukraine, scammers are still finding new ways to turn compassion into profit– stealing thousands of pounds worth of donations through fake charity appeals, fraud, and deception. Dylan Carter reports
 

THE HUMANITARIAN impact of Russia’s invasion of Ukraine has been immense.…

The IFRS Foundation has completed integrating the Value Reporting Foundation (VRF) into its organisation, boosting the operations of the International Sustainability Standards Board (ISSB). The foundation

said the continued use of the VRF’s SASB (Sustainability Accounting Standards Board) industry standards would encourage participation in ISSB projects.…

Sri Lanka’s unprecedented economic and political crisis escalated early this week (July 9) amidst mass public protests forcing the country’s now former President Gotabaya Rajapaksa to flee the country to Maldives, before finally quitting the top job yesterday. Notwithstanding the chaos, its textile and knitwear and woven apparel sector has so far managed to keep the industry afloat so far.…