Search Results for: America

Japanese paint companies have felt the impact of the coronavirus pandemic on their bottom lines over the last 18 months, although their fortunes appear to have diverged in the first half of this calendar year. Firms that have a strong presence in China, where the economy has already bounced back strongly, are faring better than those that are primarily focused on domestic sales or export markets still struggling to shake off the lingering effects of the global health crisis.…

Analysed USA trade data from the professor who coined the phrase ‘trade-based money laundering’ have unveiled significant abnormal pricing in exports and imports to and from the USA, which could have been abused for ML. Prof John Zdanowicz, a business professor at the USA’s Florida International University, and long-standing TBML expert, shared analysed 2020 US trade data with MLB, and they include some eye-widening anomalous valuations.…

A high-tech medical simulation centre in Tunisia has found a winning solution to teaching technical clinical procedures online, meeting student and professional training needs during the Covid-19 pandemic, while opening up opportunities for remote learning and medical research across Africa. The Honoris Medical Simulation Centre (1), in the capital Tunis, part of the Honoris United Universities network of African higher education institutions (2) was opened just 14 months before the pandemic struck in earnest, on November 10, 2018.…

A trade war over airplane manufacturing subsidies between the USA and UK, which has led to 25% additional duties being levied on British knitwear exports to America, appears to have been resolved. The EU and the USA have suspended for five years retaliatory duties that both sides have imposed on each other’s exports in the long-running ‘Airbus’ subsidy dispute.…

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.…

The cyber-attack on the Colonial Pipeline Co in the USA, which sparked the temporary closure of the eastern United States’ most important fuel pipeline, has focused attention on the risks posed by ransomware on major companies. These risks are increasing. Keith Nuthall reports.…

INTRODUCTION

THE MANUFACTURE of protective masks has been maybe the largest growth area in the international textile and non-wovens industry during the Covid-19 pandemic. Billions of people have donned masks as they seek to avoid catching a disease that by June 11 (2021) had killed 3.7 million people and infected 175 million [1].…

AMERICA has long been the global policeman of international sanctions, including breaches of AML rules, but evidence suggests that the US dollar’s use in international transactions could be weakening and is having to compete with the rising power of crypto currencies.…

President Joe Biden may think he has three main foreign policy priorities this year – China, Russia and Iran – but the truth is, as far as the Middle East is concerned, all these challenges roll into one.

That is because both China and Russia are seeking increased influence in the Middle East, and hoping for potential missteps from the USA over the Iran file to leverage their diplomatic positions.…