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RUSSIA’s invasion of Ukraine will damage European Union (EU)-Russia trade in clothing including knitwear, but Russia will continue to make woolen clothes, say experts. Meanwhile, the war launched by Russian President Vladimir Putin is devastating Ukraine’s knitwear production and retail sector.…

The Russian invasion of Ukraine has caused major disruption to the textile sector in the region and beyond, with Ukraine manufacturers suffering from being within a war zone, and Russia textile companies suffering from the major sanctions imposed by European, north American and some Asian governments.…

Greece is making an organised and coordinated attempt towards internationalising its academic institutions, boosting the global reputation of its higher education sector.

A key element of this strategy is the government’s Study in Greece (SiG) project (1), which encourages foreign students and academics to work in Greece, highlighting non-Greek language courses (especially English-language studies) at Greek Universities, and which has been operating since 2015.…

Mumbai-based home textiles manufacturer and exporter Welspun India is upgrading and diversifying the use of an innovative technology system – ‘Wel-Trak’ – which tracks cotton through various stages of manufacturing. Patented in 2017, this digital solution provides complete traceability of the raw material’s processing and manufacturing history, from its country of ginning to, weaving and manufacturing, including shipping details.…

The Indian Ocean archipelago Maldives is developing an Islamic finance sector, although it may need to strengthen legislation and local turnover to attract enough international players to develop an offshore hub. The government established in 2016 the state-owned Maldives Centre for Islamic Finance Ltd (MCIF) charged with developing the country’s capacity to be a “hub for Islamic finance”, primarily in south Asia.…

Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.

Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…

The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.…

Turkey’s clothing manufacturing sector, the world’s fifth largest garment exporter, after China, the European Union, Vietnam and Bangladesh has (1) rebounded from the Covid-19 pandemic and has set its sights on overtaking its rivals. The industry has been investing in new machinery and capitalising on the trend for near-shoring.…

The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…

China’s fast fashion cross-border e-commerce fashion retailer Shein is little known within China but its profile overseas continues to rise, with Reuters reports estimating the company may have generated about Chinese Yuan Renminbi CNY100 billion (USD15.7 billion) in revenue in 2021 as the Covid-19 pandemic shifted global consumption online.…