Search Results for: European Court of Justice
10 results out of 18420 results found for 'European Court of Justice'.
CHINA EMBARKS ON WHOLESALE REFORM OF AML/CFT LEGISLATION
While the rule of President Xi Jinping has not been known for its support of civil liberties in China, his administration has certainly taken proactive steps to fight organised crime. Initially its focus was on corruption, but now the regime is reforming its anti-money laundering (AML) legislation.…
LAWYERS BATTLE OVER WHETHER EU BENEFICIAL OWNERSHIP ARE A STEP TOO FAR FOR DATA PROTECTION
AS the European Union (EU) debates the proposed creation of a supra-national EU Anti-Money Laundering Authority (AMLA) and associated reforms to EU AML/CFT law, it must take privacy concerns into account, the European Data Protection Supervisor (EDPS) has argued.
In a comprehensive and detailed comment on the proposed new EU AML/CFT regulation and directive, the EDPS, an EU agency with powers to regulate the EU general data protection regulation, has said it supports these proposed laws’ embrace of the risk-based approach, which implies measures “as effective as possible and as less intrusive as possible”.…
DESPITE POLITICAL INSTABILITY, PERU'S MANUFACTURING INDUSTRY IS RECOVERING STRONGLY
After a tumultuous first semester fuelled by Covid-19 and a tight and polarised presidential election, Peru’s clothing and textile sector is now growing at pre-pandemic levels. Hence, the capital Lima’s chamber of commerce (Cámara de Comercio de Lima) projects growth between 10% and 15% in textile and clothing exports by the end of 2021, compared to what was reported in 2019.…
BANGLADESH APPAREL INDUSTRY BUYERS MUST ENSURE FAIR PRICE, SAYS NEW INDUSTRY ASSOCIATION BOSS
As the global clothing industry is reviving from Covid=19 slump, Bangladesh apparel manufacturers are at last reaping the benefits, industry is also bearing the fruit. In an exclusive interview with Just Style, the new president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hasan noted that the Bangladesh clothing industry suffered a reduction in its exports of USD6 billion from USD34.13 billion in financial year (FY – July-June) 2018-19 to USD27.95 billion in FY 2019-20 and a year-on-year drop of clothing exports worth nearly USD1.5 billion in financial year (FY) 2020-21 (July 2020 to June 2021) (1).…
CHINA’S POWER CURBS SENDING RIPPLES THROUGH TEXTILE-GARMENT SUPPLY CHAIN
Curbs introduced by the Chinese government on the use of electricity within the country have been significantly disrupting the textile supply chain, creating anxiety among garment manufacturers even beyond China’s borders.
These challenges have unfolded after the powerful National Development and Reform Commission (NDRC) on September 16 unveiled a plan stipulating that China will firmly control energy-hungry and high-emission industrial projects.…
EXCELLENCE IN SUSTAINABILITY GIVES TURKISH CLOTHING AND TEXTILE SECTOR CUTTING EDGE IN GLOBAL MARKETS
Turkish apparel manufacturers are investing significant sums of money in sustainability and traceability, implementing international standards, and adopting digitalisation in anticipation of more consumer demand for eco-friendly products.
With Turkey a higher-end (and cost) apparel manufacturing hub than east Asia, Egypt or Africa, the country’s industry is banking on its value-added production to retain as well as expand exports to Europe and North America.…
TURKEY LOOKS TO REINVIGORATE ITS USA EXPORTS
The Turkish apparel sector is looking to build on its long-standing record as a major apparel producer for the American market, offering quality products at a swifter time-to-market than its key competitors in Asia, especially China.
Turkey’s apparel exports to the USA remain robust – at around USD1 billion-a-year according to Mehmet Kaya, a board member of the Istanbul Apparel Exporters Association (İstanbul Hazır Giyim ve Konfeksiyon İhracatçıları Birliği – İHKİB).…
TECHNICAL ROUND UP – NEW IAS CHAIR FLOATS REVIEW OF IFRS ON INTANGIBLES
The new chair of the International Accounting Standards Board (IASB) has said the body will consider reviewing its standard on intangibles, IAS 38. Following feedback from advisory groups and consultative bodies, Andreas Barckow said that IAS 38 is “more than 20 years old and has never been revisited other than for consequential changes resulting from other projects”.…
WILL CHINA PAY TRILLIONS OF DOLLARS FOR THE CORONAVIRUS MISTAKES?
The Covid-19 coronavirus outbreak was declared a pandemic on March 11, 2020, by the World Health Organization (WHO) after it spread from Wuhan, China, across the globe. As yet, the world does not know for sure how and why the virus was released.…
WHY DO WE FAIL WHILE OTHERS SUCCEED?
One of the world-changing impacts of the Second World War was an understanding that unfettered competition between nation states was not just undesirable, but – if taken to its logical conclusion – would lead to war. Amidst the ruins of Europe, as an exhausted continent stumbled out of conflict, new thinking emerged, that economic links between neighboring countries be deliberately forged to create interdependence that would encourage cooperation to achieve wealth.…