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Despite high production costs and continued geopolitical instability, Italy’s domestic market for paints and coatings performed well in 2022 thanks to government tax credit schemes that boosted the building sector. Indeed, according to national paint trade and industry association Assovernici, Italy’s paints and coatings market posted overall satisfactory performance in 2022.…

South Asian clothing manufacturers are facing lean times, with international brands reducing or cancelling orders, but industry association leaders are looking towards a recovery by the end of this year. In major production hub Bangladesh, key purchasers from the USA and Europe have been cutting their order books as continuing high inflation depresses consumer demand and Russia’s invasion of Ukraine sharpens nervousness among corporates and investors.…

Better analytical capabilities should be implemented to reduce the incidence of adulterated honey being imported into the European Union (EU), industry observers claim after a testing programme revealed almost half of the samples were fraudulently labelled. This concern was uncovered by a research initiative, ‘From the hives’, led by the European Commission’s directorate-general for health and food safety.…

Russia’s invasion of Ukraine launched last February (2022) has severely damaged Ukraine’s digital textile printing segment, and while it has also harmed the Russian industry, this sector has performed better than expected, despite comprehensive western sanctions.

In Ukraine, where the invasion had killed 8,101 civilians by February 28 (UN data), the country’s light industry, including its digital textile printing sector, continues to suffer from bombardment, logistical bottlenecks and persistent power cuts.…

Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.

‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…

Swedish telecommunications major Ericsson has agreed to plead guilty to past accusations of bribes, falsifying books and records, after accepting it had breached a USA deferred prosecution agreement (DPA). It will now have to pay an additional criminal penalty exceeding USD206 million.…

Russia’s bio-based oil sector looks set to benefit from the spoils of war, being poised to become the new global leader in the export of sunflower oil over the current agricultural year, overtaking past export leader Ukraine, which its military has invaded since last February, with 8,317 civilian deaths as of March 20 (2023).…

Food security concerns have driven China’s ministry of agriculture and rural affairs to push Chinese soy output in the past two years as growing tension with its main western trading partners – coupled with the inflationary impact of the invasion of Ukraine – has preoccupied officials at the ministry’s complex in the Tuanjiehu neighbourhood of Beijing.…

Turkey’s textile and clothing sector is grappling with the fact that around a third of the country’s garment and textile production capacity was clustered around the epicentre of the 7.8 magnitude earthquake that has killed more than 47,000 people, left millions homeless and destroyed hundreds of thousands of buildings.…