Search Results for: Climate change

GUATEMALA’S turbulent political climate is eroding domestic business confidence, although the impact on textile exports – which depend heavily on the United States market – remains to be seen.

Guatemala’s institutional crisis erupted in the summer. On August 31, Guatemalan President Jimmy Morales ended the mandate of the Commission Against Impunity in Guatemala (CICIG), a body established by the United Nations to help dismantle graft and crime networks.…

The recent sight of a Chinese internet celebrity in a milking parlour in Limerick could be a hint of what the future holds for Ireland’s increasingly international dairy industry. Xiao Lu Yu, one of the ‘influencers’ who monetise Chinese social media (see https://m.weibo.cn/status/4279583182420503…

AMERICAN confectioners may suffer from the latest tit-for-tat tariff exchange between the USA and China, with retaliatory duties from China targeting US confectionery exports. Many of these duties are high – at 25% – imposed from September 24 on US-made sugar; cocoa powder; milk powder; honey; jams; and more; plus 20% duties on US-made confectionery without cocoa; chewing gum; some chocolates; and more.…

AS the USA continues to expand its shale gas production, environmentalists are keeping a close eye on how this increasingly large industry is managing its pollution. For the American sector is huge. The USA produced 16.86 trillion cubic feet of shale gas in 2017, according to the US Energy Information Administration (EIA), accounting for around 62% of all US natural gas production during the year.…

THE POLITICAL career of Zimbabwe’s longtime President Robert Mugabe may have been consigned to history last November (2017), when he was forced from power, but the patronage system and corruption of his 38-year rule in Zimbabwe continues to be felt, both on the streets and in boardrooms.…

THE SECURITIES and Futures Commission (SFC) of Hong Kong has announced a strategic framework to develop green finance. A priority will be to enhance listed companies’ consistent and comparable disclosure of environmental information, emphasising climate-related risks and opportunities. The SFC will also help asset managers clarify how and to what extent they factor environmental criteria into their investment processes and risk assessments.…

IN its trade war against China, the Trump administration in the USA has added tariffs on a wide range of upstream textile inputs and fashion-related consumer products, raising the spectre of fraudulent rerouting of Chinese textile-garment products through neighbouring regions, notably south-east Asia.…

THE RUSSIAN textile industry will grow by almost 5% annually until 2030, but this will not be because of exports, but mainly due to growing domestic demand, according to recent report from the Russian Academy of Sciences (RAS) released on July 30.…

THE CHINESE cigarette manufacturing sector will be counting the cost of new duties imposed on its exports to the USA in the latest tit-for-tat tariff round imposed during the ongoing trade war between Beijing and Washington.

This follows the US Trade Representative (USTR) on September 18 confirming that America will be imposing additional 10% tariffs on a wide range of tobacco products, including leaf, from China.…

Egypt’s anti-money laundering AML regime is being undermined by the lack of an independent judiciary and the economically-active military increasingly above the law, despite reforms to the law governing an Administrative Control Authority charged with curbing corruption.

Another concern voiced by AML experts is the weakening of Central Bank of Egypt’ independence under the government of strongman President Abdel-Fattah Al Sisi, a former field marshal.…