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TEXTILE AND APPAREL MARKETS A MIXED BAG IN LATIN AMERICA
BY PACIFICA GODDARD
INTRODUCTION
There are signs around the world that the textile market is beginning to recover from the global economic crisis, and developing markets will be leading that recovery. Asia is, of course, at the forefront, but many countries in Latin America have also weathered the crisis and have come out in a surprisingly decent position, with their dynamic textile and apparel industries well positioned for future expansion.…
BAHRAIN INTERNATIONAL AIRPORT PLANS ELABORATE EXPANSION
BY PAUL COCHRANE
THE ISLAND Gulf Kingdom of Bahrain has embarked on a US$4.7 billion (Euro 3.45 billion) expansion of its one and only commercial airport, the Bahrain International Airport (BIA), to handle rising passenger traffic and regain its position as an aviation hub in the region.…
COCOA GENOME MAP COULD SAVE INDUSTRY
BY MARK ROWE
SEQUENCING the human genome has brought widespread interest and the potential for treatment of diseases, but confectionery industry researchers are increasingly applying this technique to key components in the food chain. One of the most high-profile sequencing programmes gathers pace this year, as Mars continues the sequencing of the cocoa genome, a project it is working on with the US department of agriculture’s subtropical horticultural research substation and IBM.…
SOMALI PIRACY AND THE SPECTRE OF MONEY LAUNDERING
BY PAUL COCHRANE
PIRACY has increased exponentially off the coast of Somalia in recent years, with ships hijacked deep into international waters despite the presence of a multi-national naval task force, and pirates demanding ever higher ransoms from shipping companies. But while the spoils of piracy are evident in coastal Somali towns, tracking down where the remaining millions of dollars disappear to is hard to pin down, with allegations circulating of ransom money entering the real estate markets of Kenya, to money laundering in Yemen and Dubai.…
SATYAM SCAM ENCOURAGES ANTI-MONEY LAUNDERING REFORMS IN INDIA
BY RAGHAVENDRA VERMA
INDIA’S largest ever financial fraud, the US$1 billion-plus Satyam computer company scam, where top management inflated revenues and laundered money for their personal gains, has shocked the Indian government into reassessing the efficacy of laws and regulations concerning corporate governance and anti money laundering (AML).…
SEVEN & I HOLDINGS ONLINE LAUNCH JAPAN INTERNET MALL
BY GAVIN BLAIR
JAPAN-based food retailer Seven & I Holdings has opened a new online mall, ‘Seven Net Shopping’, stocked with five million items.
The service consolidates the online presence of the group’s department stores, supermarkets and convenience stores, while adding 32 outside specialist retailers, including record labels and an animation studio.…
OIL AND GAS SECTOR STILL LEFT WITH QUESTIONS OVER EMISSIONS REDUCTIONS AFTER COPENHAGEN SUMMIT
BY KEITH NUTHALL, EMMA JACKSON and ERIC LYMAN
THE COPENHAGEN climate change conference ended on December 18 with an accord where key world economies promised to make binding agreements to cut carbon emissions. But detail on exactly how much will be settled at a later date, meaning its long term effects on the oil and gas industry are unclear.…
Middle East faces demographic timebomb
By Paul Cochrane, in Beirut
With the end of the summer holidays, children and young people across the Middle East and North Africa (MENA) once again donned uniforms, packed satchels and headed to school, amounting to more than a quarter of the region returning to class.
In Syria, a quarter of the country's population, some 5.3 million people, are enrolled in schools, while 38% of Saudis, 46% of Yemenis, 31% of Jordanians and 31% of Egyptians are below 14 years of age. Altogether, including Iran, half of the MENA's 300 million-plus people are under 24 years old.
While all these kids are in school, there is no pressing socio-economic problem. But over the next decade as students graduate and want to enter the workplace, finding employment for them all will be difficult. Already the Middle East and North Africa have among the highest unemployment rates in the world at 9.4% and 10.3% respectively, according to an International Labour Organisation report.…
The parsimony of rich governments starves the world’s poor
By Alan Osborn, International News Services
Nature has dealt a string of savage blows to the world’s hungry and poor over the past year or so but just when we might have hoped for rich countries and individuals to help out by digging a bit deeper into their pockets, along comes the economic recession. The crunch may or may not have imposed genuine limits on the cash available to alleviate drought and famine but it has certainly given cautious people a wonderful excuse for doing less, especially after the record food aid donations of 2008.
In fact there’s been a succession of crop-destroying droughts, typhoons, floods and earthquakes in Africa and south-east Asia this year at the very time that needs are greater because of the rise in unemployment and the fall in remittances to home countries from nationals working abroad.…
INDIGENOUS DIETS KEEPING TRIBES HEALTHY - BUT FOODS DISAPPEARING
BY KEITH NUTHALL
CONSERVATIONISTS may detest the notion of jungle food – cooking rain forest species for the dinner table. But harvested sustainably, the plants, animals and birds of jungles, deserts, ice caps and steppes inhabited by traditional societies offer excellent nutrition.…