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Australia has long been a laggard in AML/CFT, despite being a leading developed democracy – but its current Labor government has finally bitten the bullet on reform.

In September, it proposed an Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024 (1).…

The fashion worldwide industry needs to open itself to ideas from a variety of sources to strengthen its position, for instance through automated production efficiency, innovation in sustainability and widening sourcing worldwide, three young entrepreneurs have claimed. Speaking at the Sewn Products Equipment & Suppliers of the Americas (SPESA) conference in Montréal, Canada, this week Michael Mayr, co-founder and COO of Silana, a Vienna, Austria-based manufacturer claiming to have fully automated sewing of soft materials, a tough challenge for robotics, the “last major processing step in fashion production that has not been automated yet,” claims the company.…

European Union (EU) member states are failing to implement mandatory sustainability reporting rules imposed by the EU’s corporate sustainability reporting directive (CSRD), the European Commission has concluded. It has opened infringement procedures against 17 of the 27 EU countries saying they have failed to properly write the directive into their national legislation: Austria, Belgium, Cyprus, Czechia, Estonia, Finland, Germany, Greece, Latvia, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovenia and Spain.…

Companies and researchers are increasingly offering innovative coatings to help businesses and governments fight climate change, providing insulation, heat reflection and other energy-saving functionalities. These products also aid compliance with burgeoning legislation targeting net zero emissions by 2050 and meet intensifying consumer concern about the impact of climate change.…

The new British Labour Government is planning to tackle the GBP10 billion (USD13 billion) that the UK loses annually to social security fraud and error through a ‘Fraud, Error and Debt Bill’. If passed, it would give the UK’s department for work and pensions (DWP) beefed-up powers to catch fraudsters and recover money lost through fraud.…

Belgium is a beer heavyweight in global markets, and hence a major source of canning demand, with 417 brewers according to the country’s industry association Belgian Brewers, providing nearly 7,000 jobs (1). It is the fifth biggest producer in Europe, producing 2.047 billion litres of beer in 2023, according to the latest European Union (EU) statistical agency Eurostat figures (2).…

India’s Birla Cellulose, a global leader in supplying viscose staple fibre (VSF), is soon to launch an upgraded version of its popular traceability tracking platform, GreenTrack, the company has told Textile 4.0. GreenTrack 2.0 will, among other features, help partner textile brands measure the quantity of fibre used at each stage of their value chain.…

China’s paint and coatings companies are struggling to make headway in a tough domestic real estate market, even though medium-term forecasts remain positive. In the first six months of 2024, the value of real estate sales fell by 26.4% year-on-year. The average prices of deals struck dropped 7%, according to the China Real Estate Information Corp which bases its data on the country’s 100 largest real estate developers.…

*UAE family-owned businesses still debt shy, says top CFO

In the United Arab Emirates (UAE), family-owned businesses contribute up to 70% of GDP, according to the ministry of economy, and continue to be a powerful force in the Gulf region, the ACT Middle East Treasury Summit 2024 was told.…

Taiwan’s major packaging and packaging machine industries – with more than 1,000 factories – have been prospering in through proactive service delivery. They have helped the country’s local and overseas packaging value chain in handling and using their goods and services, including eco-plastics.…