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Pakistan’s retail banking sector is tapping into demand for Islamic consumer finance from religious-minded Pakistani expatriates via a government-backed digital accounts facility that enables remote buying of a property and a car in their home country.

In September 2020, the central bank, the State Bank of Pakistan (SBP), allowed the 8.6 million non-resident Pakistanis (NRPs) to open a bank account in Pakistan through a digital and online process, without any need to visit a bank branch in person.…

Continuing supply chain problems, worsened by Covid-19, and price hikes for raw materials have depressed the outlook for sales faced by the German paint business in 2021. Germany’s Verband der deutschen Lack- und Druckfarbenindustrie (VdL), the industry association for coatings, paints and ink production, predicts that overall sales will have fallen 4% in 2021 compared to 2020, partly because because 2020’s DIY boom, fuelled by pandemic lockdown orders, has run out of steam.…

Higher education institutions are being warned they could be a target for money laundering, with fees being financed by the proceeds of crime, including corruption, which might also buy property, cars and other items for students.

The problem has been highlighted in a series of reports.…

Automotive associations and manufacturers in Mexico admit that their country’s automotive industry is registering a much slower rate of Covid-19 recovery than expected due to supplies shortages, which have especially impeded light vehicle production – cars, CUVs, SUVs and pick-ups.

In early October, the Mexican Automotive Industry Association, (Asociación Mexicana de la Industria Automotriz – AMIA) noted that light vehicle sales in September in Mexico were 76,930 units, meaning 1.1% less than the number recorded during September 2020, when the pandemic was ravaging Mexico’s economy, which lost 8.5% of its GDP last year (2020).…

Factory owners and stakeholders in Haiti’s billion-dollar apparel and textile industry fear that without serious political and security intervention, the industry could buckle under pressures imposed by the country’s powerful and violent gangs. 

That fear is growing after two garment manufacturing factories, H4H and Palm Apparel, located southwest of Haiti’s capital Port-au-Prince, in Carrefour, were forced to close their doors in early September leaving an estimated 5,000 workers on the breadline. …

WHILE the imposition of age limits on the consumption of tobacco and other nicotine products remains very much a national, and in some cases sub-national jurisdiction decision, there is no doubt that the general trend worldwide is for tighter restrictions on younger consumers, even if they are often tough to enforce.…

The Bangladesh clothing manufacturing sector is continuing to strive to improve its sustainability profile, which has remained a key focus since the collapse of the Rana Plaza manufacturing complex killed 1,134 people in 2013.

While the response has been uneven, the industry and government has been and is continuing to adopt circular economy methods, chase UN sustainable development goals (SDGs), alignment, improve working conditions and pay, decarbonisation, energy efficiency, chemical management, water resource management, waste reduction, and more.…

INTRODUCTION

In a global textile and clothing market that is increasingly integrating design with functionality, the potential of luminescent yarns is becoming ever more apparent. The focus of groundbreaking research and development, there is widening diversity in this segment from luminescent coatings on yarns to those that integrate LEDs (light-emitting diodes).…

EUROPEAN energy experts say the European Union (EU)’s green energy targets within a new climate law to cut carbon emissions at least 55% by 2030 compared to 1990 levels will be challenging but achievable. It is a significant steepening of ambition compared to the EU’s existing legislation, reducing emissions by at least 32.5% by 2030 from 1990 levels.…

THE MEXICAN automotive industry is struggling to cope with the resurgence of demand for new vehicles, as it deals with the global shortage of microchips along with the increase in steel costs – hitting manufacturers’ bottom line – a key problem for Mexico USA-oriented export model.…