Search Results for: Climate change

Mauritius’ textile and clothing manufacturing sector is expected to witness year-on-year growth of around 18.5% this year (2021) after suffering a severe Covid-19-related contraction of 28.6% in 2020. The National Accounts Estimates released by Statistics Mauritius in June (1) predict robust growth for country’s textile and apparel industry, which accounts for almost 50% of the country’s overall manufacturing.…

Alternative meat items are gaining a stronger foothold in Japan on the back of product development by mainstream meat producers, growing demand for healthy products and government support for the fledgling industry.

Although soy-based meat is not new to the Japanese market, with items such as tofu hamburgers and soy meat crumbles long holding an established place on supermarket shelves, the market is rapidly expanding and diversifying in response to changing needs.…

A recent warning by the US government against investing in Hong Kong because of the strengthened Chinese security presence may weaken Hong Kong’s standing as a major centre for sourcing clothing and textile goods from mainland China, observers in the Special Administrative Region say.…

A novel global taxation system under discussion at the G7, G20 and the OECD will raise minimum tax thresholds for drinks multinationals. However, only a handful are large enough to fall under a rule forcing them to pay tax in all their major markets rather than tax havens or their parent company base.…

THE COVID-19 pandemic’s boom in web usage has created opportunities for hackers and fraudsters to attack the unwary through electronic networks, however, on the plus side the scope for open-source intelligence (OSINT) inquiries online to reveal useful information about these criminals is growing.…

The European anti-fraud office (OLAF) and European Public Prosecutor’s Office (EPPO) have struck a cooperation agreement to ensure their future work dovetails. They have agreed to exchange information; set guidelines on reporting and transferring potential cases; and deciding how to mutually support each other’s investigations.…

FOOD and drinks companies from across the European Union (EU) are now able to apply for research funding from the European Union’s (EU) Horizon Europe programme, which has a budget of around EUR95.5 billion. This spending will last until 2027, with companies generally needing to form international consortia focused on food, ingredients and packaging projects to secure funding.…

The International Accounting Standards Board (IASB) will consider allowing the amortisation of goodwill, maintain some harmony with USA GAAP (generally accepted accounting principles). A joint US Financial Accounting Standards Board (FASB)/IASB education meeting discussed FASB plans to allow goodwill amortisation. “Most of those respondents commenting said that convergence on this topic with US GAAP was desirable,” said a meeting note.…

After completing the technical testing required, central America’s largest apparel factory is about to open in Honduras, producing sportswear for major brands such as Nike or Under Armour, an executive informed just-style.
La Arena, the Tegra Global-owned industrial park in San Pedro Sula, in the country’s north, will receive around 100 employees during the last week of August – its inauguration was delayed from January because of the Covid-19 pandemic.…

For evidence that China’s nationalistic ‘guochao’ consumer trend is gathering pace in the personal care product sector, look at the country’s powerful e-commerce sector. In February 2021, the turnover of cosmetics on China’s Taobao platform was Chinese Yuan Renminbi CNY14.7 billion (USD2.3 billion), a year-on-year increase of 11%, with the top brand in sales being the guochao-oriented personal care product brand Hangzhou-based Florasis Hua Xizi.…