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The June plenary of the Financial Action Task Force (FATF), which wound up today (Friday June 23), has warned that almost 75% of jurisdictions worldwide are failing to implement its AML standards on virtual assets and virtual asset service providers (VASPs).…

THE COVID-19 pandemic brought many changes to the world, and changes in fashion that incorporated a desire to enjoy a healthy lifestyle was one. With many consumers spending more time at home, including during working hours, demand for comfortable clothes with functionality to aid indoor and outdoor exercise has boomed.…

The highly versatile material graphene is becoming increasingly popular in a variety of health and safety uses in nonwoven products, despite calls for further research to be conducted to assess its long-term impact on toxicity in humans and the environment.

Demand for graphene’s powerful antimicrobial and filtration qualities grew sharply during the Covid-19 pandemic, especially for incorporation in nonwoven masks.…

The European Union (EU) knitwear sector is preparing to follow new detailed ‘best available techniques’ (BAT) on reducing industrial emissions as the EU considers revised legislation that might tell national regulators to take a hard line on their implementation. The European Commission has proposed a new EU industrial emissions directive that – as drafted – would tell industrial regulators to set limits on BAT-associated emissions levels “at the strictest achievable level for the specific installation” (1).…

The Lithuanian dairy industry has seen its share of highs and lows in recent years, culminating this year in a rash of dairy farmer protests, rising energy costs, inflation, farm closures, and rock bottom prices for raw milk. During the first half of 2022, export sales grew according to Lithuanian dairy producer organisation Pieno Centras (1), as dairy product prices rose and demand remained high, boosting production and Lithuanian farm milk sales.…

Can blockchain technologies help the textile industry resolve past transparency weaknesses in the supply chain, as well as inefficient inventory management, by facilitating fundamental changes to existing supply-chains and processes. Blockchain technologies’ decentralised storage of immutable records of physical asset transactions within digital ledgers, say some experts, can help transform the textile industry throughout the supply chain, from source (raw material point of origin) to shopfloor (brands and retailers).…

Can blockchain technologies help the textile industry resolve past transparency weaknesses in the supply chain, as well as inefficient inventory management, by facilitating fundamental changes to existing supply-chains and processes. Blockchain technologies’ decentralised storage of immutable records of physical asset transactions within digital ledgers, say some experts, can help transform the textile industry throughout the supply chain, from source (raw material point of origin) to shopfloor (brands and retailers).…

South Asian clothing manufacturers are facing lean times, with international brands reducing or cancelling orders, but industry association leaders are looking towards a recovery by the end of this year. In major production hub Bangladesh, key purchasers from the USA and Europe have been cutting their order books as continuing high inflation depresses consumer demand and Russia’s invasion of Ukraine sharpens nervousness among corporates and investors.…

Swedish telecommunications major Ericsson has agreed to plead guilty to past accusations of bribes, falsifying books and records, after accepting it had breached a USA deferred prosecution agreement (DPA). It will now have to pay an additional criminal penalty exceeding USD206 million.…