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INNOVATIVE confectionery and sweet bakery companies will be able from next month (July) to explore applying for research funding from the European Union’s (EU) Horizon Europe programme, which has a budget of around EUR95.5 billion. This spending will last until 2027, with companies needing to form international consortia focused on food, ingredients and packaging projects to have the best chance of securing funding.…

EUROPEAN Union (EU) ministers have backed the EU Chemicals Strategy for Sustainability proposed by the European Commission last October (2020), clearing the political path for tougher controls. The EU Council of Ministers, in formal conclusions, backed the five policy priorities within the Commission’s plan – more innovation regarding safe and sustainable EU chemicals; tougher laws tackling chemical-based environmental and health concerns; simplifying and consolidating EU chemical laws; improving the EU’s knowledge database on chemicals; and promoting global food practice on managing chemicals.…

THE WIDE diversity of AML laws worldwide can complicate the enforcement of AML/CFT extradition proceedings.

Financial Action Task Force (FATF) recommendations 37 and 39 say that governments should be prepared to extradite money launderers (and terrorist financiers) to another country if they both criminalise the underlying predicate offence.…

The IFRS Foundation trustees have moved forward with their plan to develop global sustainability reporting standards, forming a working group to undertake technical work. It has been charged with focusing on enterprise value issues regarding sustainability assessments. It will also plan a potential international sustainability reporting standards board under IFRS Foundation governance.…

While the antibacterial properties of textiles have been a trend in the fashion sector for some time, particularly for athleisure clothing integrating odour-limiting properties, Covid-19 has prompted many textile and fashion companies to conduct research and development into fabrics and clothing killing or harming viruses. …

The world’s textile sector is focusing on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) to start a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…

The suspension of orders by clothing brands because of Covid-19 has not just been a problem for apparel manufacturers – the suppliers of these companies, including textile manufacturers, weavers, finishers, yarn producers and even fibre makers, have all suffered. With work drying up for manufacturers, upstream suppliers have lost orders.…

The world’s clothing and textile sector is keeping a close eye on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) in a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…

EMPLOYERS who fear they are being fleeced by a corrupt employee or being hacked externally do not just need to find the attacker, they must comply with data protection and privacy protections while they conduct their investigations. Breaching such laws can undermine any criminal or civil case brought against a fraudster or hacker or can weaken inside dismissal and disciplinary negotiations with the offender.…

FASHION brands and clothing retailers have seen their supply chains struggle under lockdown measures imposed by governments trying to contain Covid-19. The shutdowns, of course, began just in time for 2020’s spring season, causing maximum disruption. 

According to consulting firm McKinsey, 2020 was the fashion industry’s worst year on record, with a 90% decline in overall profits and almost three-quarters of registered firms globally making a loss.[1]…