Search Results for: China

London and New York-based WPP, the world’s largest advertising group, has agreed to pay USD19.2 million to resolve charges laid by the USA’s Securities & Exchange Commission that it breached the US Foreign Corrupt Practices Act (FCPA). The SEC alleged WPP allowed overseas subsidiaries to bribe clients and breach accounting controls.…

Fraud, corruption and money laundering is hitting the world’s biggest corporations hardest, despite these companies bolstering their financial crime defences, according to Kroll’s latest annual Global Fraud and Risk Report (1). Risk specialists Kroll surveyed 1,336 senior executives from 17 countries worldwide and found 57% from companies with a turnover topping USD15 billion had experienced a “very significant” impact from such crimes, compared to 36% overall.…

London and New York-based WPP, the world’s largest advertising group, has agreed to pay USD19.2 million to resolve charges laid by the USA’s Securities & Exchange Commission that it breached the US Foreign Corrupt Practices Act (FCPA). The SEC alleged WPP allowed overseas subsidiaries to bribe clients and breach accounting controls.…

WITH an estimated annual growth of 15% regarding Pakistan’s future digital textile printing business, according to (WHO?), the sector’s outlook is positive, notably because of increasing digitally printed textile exports.

This growth has continued in the past 18 months, despite Covid-19, with more than a million cases as of July, albeit with a low confirmed death rate of 23,500 from its 225 million population.…

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.…

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).…

AFRICA’s clothing and textile sector has been hit hard by Covid-19, with an emerging production industry being hit by falls in demand and disruption in supply chains. India-based market researchers Mordor Intelligence concluded in a report assessing the African industry’s prospects for 2021-5 that “disruption of the Covid-19 pandemic on global value chains and its impact on African businesses is already evident.”…

The Spanish paint industry has been suffering from a major raw material supply shortage as it seeks to build back from a tough year in 2020, when sales were depressed by the Covid-19 pandemic. The national industry association, the ASEFAPI (Asociacion Española de Fabricantes de Pinturas y Tintas de Imprimir) has been releasing monthly bulletins on the raw material supply problem.…

AMERICAN automobile designers and marketers need to take a serious account of China’s nationalistic ‘guochao’ trend to buttress sales and protect their market share against strengthening all-Chinese marques, industry experts are warning.

Guochao, which literately translates as ‘national tide’, has seen Chinese companies conquering domestic market shares from foreign rivals in sectors from a wide range of sectors that have long been dominated by international brands, from cosmetics and fashion, yes, to cars.…

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.…