Search Results for: America

The political and human rights crisis in Nicaragua is worrying the international textile industry, given the serious chance the United States suspend the privileged access to American markets that Nicaraguan clothing and textile exporters have thus far enjoyed.

Just two months before the upcoming Nicaraguan municipal elections (November 6), more than 195 human rights defenders, journalists, clergy members, and actual or perceived political opponents have been accused and detained for allegedly committing actions against national sovereignty.…

Honduras is strengthening its position as an outsourcing partner for the US clothing industry, with the central American country generating the second highest receipts from sales of textiles and finished garments under free trade agreements to the United States, just behind Mexico.…

Dulles International Airport, serving the US capital of Washington DC, is set to join a growing number of American airports that are putting the grassy territory around their runways to use producing solar energy. Planners of Dulles’ proposed solar farm and storage facility hope to lay claim to being the largest such airport-based project in the US.…

China’s nonwovens industry is preparing for ongoing long-term growth, bolstered by increasing demand for nonwovens globally and inspired by the drive for digitisation within the country, to improve manufacturing productivity and efficiency. With support from national government policy and initiatives to boost digitisation in nonwovens manufacturing, industry majors and small-and-medium-sized business owners alike are pursuing greater use of industry 4.0 tech, noted the Europe-China Eco Cities Link Project, a project backed by the European Union (EU) and the Chinese government [1].…

FinCEN (Financial Crimes Enforcement Network), the USA’s FIU, has been implementing detailed reforms to the country’s AML/CFT regulatory system that had been authorised by the country’s Anti-Money Laundering Act (AMLA). Passed by Congress in January 2021, overriding a veto of former President Donald Trump, a key plank of the reforms has been strengthening the USA’s previously anaemic efforts on UBO controls, which had been found wanting by past FATF MERs.…

Control measures used by retailers to combat fraud can deter consumer sales – a challenge for a sector that has seen a huge shift towards e-commerce because of the Covid-19 pandemic. Christian Beckner, VP of retail technology and cybersecurity at the USA’s National Retail Federation (NRF) told Fraud Intelligence that retailers faced “a lot of trade-offs” between preventing fraud and “creating friction in the customer experience”.…

In late-July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the United Kingdom, two of the largest electricity markets in Europe. The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).…

The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).  Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…

The Big 4 accounting groups (Deloitte, EY. KPMG and PwC) have joined with 161 major international accountancy and business companies, partnerships and organisations to call for a coordinated approach by promoters of international sustainability standards. A joint statement developed by the International Federation of Accountants (IFAC), the World Business Council for Sustainable Development (WBCSD) and Principles for Responsible Investment (PRI) said the International Sustainability Standards Board (ISSB), the US Securities & Exchange Commission (SEC) and the European Financial Reporting Advisory Group (EFRAG) should work closely together.…

The rising value of the US dollar in international exchange markets is inflating the value of exported US-made vehicles, while reducing the cost of competing imports and parts sourced overseas.

With war and inflation making the US dollar an attractive option to currency traders, the greenback has been appreciating, including against the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK) and Swiss franc (CHF) – making up the US dollar index (USDX).…