Search Results for: Climate change

THE NEWLY signed 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could help Vietnam boost garment and textile exports to the lucrative Australian market significantly. But the Asian clothing makers may still face big challenges in taking market share in this mature market away from China, experts warn. …

THE RUSSIAN financial conglomerate AFK Sistema, owned by billionaire Vladimir Evtushenkov, plans to expand into the country’s textile manufacturing business through the acquisition of a controlling stake in Vologda Textile, one of Russia’s largest and oldest textile producers. According to sources close to AFK Sistema, the company is interested in a 51% stake in the mothballed north-west Russia-based Vologda Textile – its first investment in the textile sector.…

THE AMERICAN tobacco industry has had to face up to retaliatory safeguard duties on imports into the European Union (EU) of USA-made tobacco and tobacco products, after US President Donald Trump imposed import duties on EU-made aluminium and steel imports.

The American duties came into force on June 1 and the EU reaction was swift.…

DEMAND from two key generations is driving resurging sales in the global wallpaper market: Millennials and their quest for a sustainable lifestyle coupled with embracing all things technological, together with the baby-boomer generation’s affection for heritage preservation.

Sales for the past five years have been growing steadily amidst a wealth of promotional material boasting wallpaper’s environment-friendly credentials, a connection to traditional cultural influences or how technological advances can transform a simple wall covering into a dynamic home or workspace.…

THERE are growing calls for Hong Kong-based recruiters to re-think and speed up their hiring processes, after a latest study found that they are losing the best talent to unnecessary HR decision delays.

More than 72% of 500 Hong Kong job seekers have taken a second job “because their preferred employer took too long to give them an answer,” recruitment specialist Robert Half found in a study published last month (May 17).…

EDUCATIONALISTS have called upon Kenyan universities to include social justice and transformation in their teaching curriculum, to prepare graduates to serve their societies selflessly and diligently.

At a conference called ‘Touching Hearts, Teaching Minds and Transforming Lives’, staged at Tangaza University College, in the capital Nairobi, delegates were told Kenyan students are not fully prepared for the society they are expected work and serve within, upon graduation in the current system.…

FINTECH firms are pushing new artificial intelligence (AI) solutions for customer due diligence (CDD) but AML reporters and regulators are wary about integrating them with legacy systems.

Such reluctance is a pity, said Dan Adamson, DDIQ president and global head of cognitive computing at New York-based Exiger, given the increasingly vast amount of data generated by existing non-AI IT. …

EAST African countries maybe updating their anti-money laundering and combating the financing of terrorism (AML/CFT) legislation and strengthening related institutions, but experts warn that a lack of enforcement will aid the proliferation of ML and TF in the region.

In Kenya, a Proceeds of Crime and Anti-Money Laundering (Amendment) Bill was approved by the country’s parliament last March (2017).…

A LANDMARK deal on the European Union’s (EU) renewable energy directive (RED), reached in the early hours of June 14 in Brussels between the European Commission, European Parliament and EU Council of Ministers (of member states), means the European power sector will have to become greener.…

Zimbabwe’s parliament has approved new mining legislation and measures that reform controls imposed under the ex-President Robert Mugabe, with the goal of boosting production and wooing investors. The liberalising measures dovetail with declarations from new President Emmerson Mnangagwa that the country – which has extensive lithium and chrome deposits – is now open for business.…