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GLOBAL ratings agency Fitch has warned that the current global shortage in semiconductor supplies is expected to continue – a major worry for automotive manufacturers and traders seeking to ramp up production as Covid-19 declines, especially as vehicles become ever more reliant on micro-chips.…

The narcotics trade was a prime motivator to enact global anti-money laundering regulations to curb dirty money flows. Over 30 years later, drug trafficking is still considered the largest transnational crime by international law enforcement agencies. It is worth an estimated USD344 billion-a-year, according to Interpol, followed by counterfeiting crimes (USD288 billion) and human trafficking (USD157 billion).…

With President Joe Biden assuming office in the United States, the Mexican clothing and textile industry is hoping improved trading relations, building on the legacy left by former President Donald Trump that it regards largely positively.

The Mexican Apparel Association (CANAIVE – Cámara Nacional de la Industria del Vestido) was particularly happy with the renegotiation of the North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement: “USMCA opened new opportunities for our industry while seeking to obtain a more solid regional integration,” said CANAIVE, in a note to just-style.…

The European Commission has fined three banks, UBS, Nomura and UniCredit a combined total of EUR371 million (USD452 million) over their role in a European government bond (EGB) cartel involving four other banks. All three deny wrongdoing and are considering or will appeal the fines before the European Court of Justice (ECJ).…

CONCERN about continued Russian meddling in American elections, the ‘SolarWinds’ backdoor hack into major US institutions, and targeted assassinations of dissidents abroad, have sparked the imposition of major new sanctions powers by President Joe Biden,

Declaring a national emergency to fight the cyber-crime threat posed by Russia, Biden released an executive order giving his administration wide-ranging powers to freeze and block asserts of Russian individuals and companies deemed associated with these Russian intrusions.…

A PUBLIC inquiry in British Columbia, Canada, has increased concerns about how auto dealers maybe exploited by criminal networks to launder dirty money. Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds.…

THE INDIAN clothing and textile manufacturing sector is facing renewed disruption as India is hit by a brutal second wave of Covid-19.

“Labour has [partially] gone, production is down and demand is falling,” Sanjay Arora, business director at consultancy firm Wazir Advisors told just-style.…

The confectionery industry has weathered Covid-19 lockdowns better than many sectors, even seeing a rise in consumer demand across Europe. But producers of fresh bakery products have been hit hard, as have baked goods and confectionery firms that focus on catering.…

Covid-19 has reshaped commercial crime, and one lucrative offence taking a real turn for the worse is tobacco smuggling and counterfeiting. Keith Nuthall reports.

The Covid-19 pandemic has depressed incomes worldwide and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…

There is no doubt that the Covid-19 pandemic has fuelled the black-market trade in illicit and smuggled licit tobacco products. The disease has depressed income and forced lower income smokers to look for cheap smokes, which has included counterfeits or smuggled goods.…