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The international clothing and textile sector will have to take account of the first global sustainability reporting standards designed to become compulsory in many countries worldwide from January 1, 2024. These will be published by June, having been approved in February by the International Sustainability Standards Board (ISSB).…

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

International automobile manufacturers, including those based in the USA, have been presented with the first global sustainability reporting standards designed to become compulsory in many countries worldwide from January 1, 2024. They may also apply to foreign companies operating in the USA and overseas branches of US-owned companies such as Ford and GM, depending on a looming decision made from the Securities & Exchange Commission, expected in April (2023).…

The European Union (EU) may this year complete a long-negotiated trade agreement with the South American Mercosur bloc, including major knitwear manufacturer Brazil and wool exporter Argentina. EU trade Commissioner Valdis Dombrovskis has said the ratification of a deal that was agreed in principle in 2019 should move a step closer “relatively soon”.…

Alcohol-free beverages have come a long way since the 1970s when they were targeted at vehicle drivers worried about losing their licences. But with a decrease in per-capita consumption of alcohol among many higher-income markets, many consumers who normally drink alcohol are becoming “sober curious” – looking for non-alcoholic alternatives, according to Andrew Greenhill, an assistant professor for microbiology and fermentation technology at Federation University, Victoria, Australia.…

Transparency International warned that “conflict creates opportunities for corruption and subverts governments’ efforts to stop it” in unveiling the 2022 Corruption Perceptions Index (CPI) on January 31, scoring 180 countries worldwide on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean).…

Transparency International (TI) has warned that “conflict creates opportunities for corruption and subverts governments’ efforts to stop it” when unveiling its 2022 Corruption Perceptions Index (CPI) on January 31, scoring 180 countries worldwide on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean) with the average 43.…

Brazil’s economy has been either contracting or sluggish for the last decade, but the country’s strong dairy sector hopes this year could be different. With a new President in charge of the most populous South American nation since January 1, business leaders say exports could revive the industry, even if the local market continues to be in poor shape.…

The International Organization of Securities Commissions (IOSCO) has updated its Principles for the Regulation and Supervision of Commodity Derivatives Markets, the first major overhaul of this core guidance since 2011. IOSCO said the changes were designed “to provide a resilient framework for the regulation and oversight of the commodity derivatives markets”, taking account of recent market developments and international events, such as the Covid-19 pandemic and Russia’s invasion of Ukraine.…