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The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).  Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…

Comprised of a dry shampoo, deodorant, face moisturiser, lip balm, and more recently, body lotion, the line is sold only in North America and available in gym or travel sizes.  “For over 20 years, lululemon has been focused on solving athletes’ needs.…

SALES within the South African home paint market are expected to reach USD416.6 million (South African Rand ZAR5.96 billion) in the year to December 2019, up from USD358 million (ZAR5.12 billion) in the previous year, but industry association officials fear this growth could be hit by South Africa’s weak general economy in the coming year.…

A series of reports published in recent weeks have highlighted the need for increased collaboration across the shipping industry to develop and share best practice to significantly reduce the sector’s carbon footprint. Between 2000 and 2017, the CO2 emissions associated with the shipping sector grew at an average annual rate of 1.87% between 2000 and 2017, according to a report published in September by the Bonn-based International Renewable Energy Agency (IRENA), ‘Navigating the way to a renewable future: solutions to decarbonise shipping’, resulting in emissions of  677 megatonnes (Mt) of CO2 in 2017.…

INDUSTRY 4.0 – WHAT IT MEANS AND WHY IT MATTERS FOR FASHION SUPPLY CHAINS

Experts have told just-style of the urgent need for clothing manufacturers to embrace Industry 4.0, to boost productivity and harness creativity. Mark Burstein, president at Florida, USA-based NGC Software, which provides supply chain and PLM solutions to the apparel sector, said that Industry 4.0 would help pull the apparel sector from siloed PLM solutions and isolated assessments of supply chain management: “This is where most of the fashion industry is today,” he explained.…

Recent high-profile surveys on the attractiveness of Germany as an investment location paint a conflicting picture, but generally experts agree the country is a good place to invest. Professional services firm EY reported a 13% year-on-year drop in inbound foreign direct investment (FDI) deals in 2018, to 973, while the OECD recorded inbound FDI value January-July 2019 to reach USD22 billion, from just USD 1 billion in the previous semester.  …

A highly competitive market combined with healthy sums of investor capital look set to drive forward an increase  in merger/acquisition (M/A) activity in the cosmetic packaging sector, as companies seek to deliver added value to existing customer bases and extend their footprint into new territories, both geographic and product ranges.…

JAPAN’S Kao Corp has unveiled the first cosmetics product that makes use of its cutting-edge Fine Fibre Technology to moisturise and protect the skin. A Biomimesis Veil product will be added to the cosmetics giant’s Sensai prestige brand in Japan from December 4, with launches in other markets to follow.…

THE PHILIPPINES paint and coatings sector maybe growing robustly – at an average of 6.5-7% over the past two years to reach USD900 million in 2018 says market researchers Frost & Sullivan – but the local manufacturers think they could do a lot better.…

Robust international enforcement of revised AML guidance will improve current weaknesses in cryptocurrency compliance, according to financial services analysts.

Current figures indicate about 3,000 separate cryptocurrencies being traded with a value of USD221 billion, according to Yahoo Finance on October 8^.…