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.
BRUNELLO CUCINELLI LATEST LUX BRAND TO CONSOLIDATE SUPPLY CHAIN AND BOLSTER MADE IN ITALY EXCELLENCE
The Covid-19 pandemic has not just weakened and disrupted supply chains in the high-end fabric and yarn sector, it has encouraged mergers and acquisitions (M&A) among companies to strengthen trade flows. One key example this year in Italy’s luxury fashion sector is the acquisition by leading Italian luxury fashion house Brunello Cucinelli SpA in March (2022) of a 43% stake in the share capital of its historic cashmere yarn supplier Cariaggi Lanificio SpA.…
EU TEXTILES SECTOR SAUS DIGITISATION WILL HELP IMPLEMENT SUSTAINABLE PRODUCTS LEGISLATION
Europe’s textile sector has said digital technologies will have a key role to play in implementing the European Union (EU) Strategy for Sustainable and Circular Textiles (1), which was released March (2022), to ensure that by 2030, textile products placed on the market are long-lived and recyclable.…
GREEK HIGHER EDUCATION SECTOR EXPANDS ENGLISH COURSES TO OPEN UP TO THE WORLD
The Greek government is seeking to grow English language higher education courses by approving a new law which will aid the creation of new English taught degrees run by Greek universities with overseas HE institutions. While these programmes were already legal, the new law clarifies how they should be operated and controlled by administrative and academic staff.…
INDIAN PASHMINA PRODUCTION TO RECEIVE BOOST FROM GEOGRAPHICAL INDICATION PROMOTION
India’s production of pashmina, the most exclusive of the cashmere fibres, is to receive an important government boost through acquiring a geographical indication (GI) from India’s Geographical Indications Registry for product sourced and spun in the Himalayan region of Ladakh.
The government of the union territory of Ladakh, which runs the mountainous territory in which Indian pashmina is producer applied for the GI certificate last year (2021) and hopes to receive authorisation the next few months.…
CHINA COVID-19 TRADE DISRUPTION WORRIES AUSTRALIAN WOOL EXPORTERS
With the lifting of the Covid-19 induced lockdown in Shanghai at the start of June, the world’s largest wool exporters are hoping for less disruption to their business with China. But ongoing Covid outbreaks in the country, alongside the government’s continued zero-Covid policy, whereby cities are closed to control infections, and a backlog at its ports, are still causing concern.…
BUSINESSES VOICE CONCERNS ABOUT TOBACCO CRACKDOWN IN JAKARTA, BUT IMPACT UNCLEAR
Tobacco manufacturers and retailers have expressed concerns about a crackdown on cigarette advertising in the Indonesian capital, Jakarta, which has been well-known for an unusually liberal approach towards tobacco marketing. However, it remains unclear whether the policy, launched last September (2021) has had any impact on sales. …
ARTIFICIAL INTELLIGENCE BOOSTS CUSTOMISATION
INTRODUCTION
Customisation is a key trend for a clothing and textile industry that looking to harness new technology to deliver consumer choice and flexibility over supply chains, including reshoring. The advent of artificial intelligence (AI) and machine learning, in addition to widespread automation of processes throughout the garment supply chain, has been hailed as a game changer.…
ISLAMIC MICROFINANCE MUST BREAK DOWN BARRIERS TO ACHIEVE POTENTIAL
The global Islamic microfinance market has room to grow significantly if it can overcome social and regulatory barriers that have so far curbed its expansion, say experts. Given microfinance is a poverty-alleviation mechanism that provides credit and other financial resources to poor and low-income households and small-and-medium-sized businesses, it fits well with the charitable traditions of Islam.…
LACK OF INTERNATIONAL MODELS FOR ISLAMIC FINANCE HINDERS DEVELOPMENT OF THIS MAJOR CHARITABLE RESOURCE
A lack of common international Islamic financial regulatory system is hindering the development of Islamic social finance instruments, causing a dearth of good practice solutions that could effectively fight poverty, say experts.
In the February 2021 issue of the ISRA (International Shari’ah Research Academy) International Journal of Islamic Finance, Abdulsalam Ahmed Sawmar and his co-authors say one key element of Muslim charity – zakat (obligatory charity) – historically, “has been an integral part of the Islamic economic system because of its sizable impact in achieving social harmony and preserving decent living standard for the needy segments of Muslim communities.”…
ISLAMIC FINANCE – INCREASING VALIDITY WITH NON-ISLAMIC COUNTRIES
With Islamic finance strengthening and diversifying, service providers are increasingly targeting non-Islamic markets, competing directly with non-Islamic services. While demand in non-Islamic markets has historically been tied to factors spanning from real estate investment in GCC (Gulf Cooperation Council) economies to wealth management of non-Islamic countries’ Muslim minority populations, additional tailwinds are now deriving from Islamic finance’s closeness to the environmental, social, and governance (ESG) criteria used by socially conscious investors.…