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The onset of the Covid-19 pandemic sparked predictions that the shift of textile industrial capacity from China to lower cost neighbouring countries could intensify, but analysts talking to Twist International say the trend may have stalled in the past year. While production capacity of China’s textile industry has indeed in recent years shifted to south and southeast Asia, some of these transfers have not run smoothly.…

THE TOBACCO industry will be keeping a close eye on the latest set of reforms to the European Union’s (EU) chemical control legislation, which will impose new controls on accidental chemical mixtures, products incorporated chemicals and will change the tobacco products directive (TPD).…

WHEN governments talk about how to reduce the risk of terrorism, the most oft-voiced policies are security-based: detecting and cracking down on extremist cells and targeting online propaganda.

But the reality is that a more effective way of reducing societies’ exposure to criminal groups seeking to achieve political ends through violence and fear is simply to make regular life more interesting.…

Eric Dorchies was appointed Mauritius’ Ciel Textile Ltd’s CEO last July (2020) at a moment when his country’s important clothing and textile sector was struggling hard against the impact of the Covid-19. It has not been an easy start to his job (he was previously the company’s COO) given the risk of the third wave of the virus hitting Europe, the company’s main market.…

THE EUROPEAN Union (EU) and the UK are building a new energy trading relationship after striking the Christmas Eve EU-UK trade agreement that underpinned Britain’s final and full withdrawal from the EU on January 1.

This deal has extensive energy provisions, with the goal of ensuring EU electricity and gas suppliers can still export to the UK, and vice versa, through existing interconnectors.…

WHILE the UK’s exit from the European Union (EU) will bring significant change to civil aviation across Europe, extensive air industry provisions within the 1,256-page EU/UK trade and cooperation agreement agreed on Christmas Eve, means that significant disruption has been avoided.…

The Gulf kingdom of Bahrain is kicking off 2021 with the grand opening of its new airport passenger terminal, a 210,000 square metre (sqm) building that is four times the size of the existing facility. Following its official opening on January 28, the terminal will be capable of processing 130,000 air traffic movements a year, up from 95,500 in 2019, and will have a handling capacity of 4,700 bags an hour. …

BRITISH and European Union (EU) confectioners must take care to ensure their products meet new origin rules if they want them covered by the duty free goods provisions of the new EU/UK trade agreement struck on Christmas Eve.

The 1,256-page deal includes complex and comprehensive origin rules, such as for chocolate, which can be deemed made in the EU and Britain if all dairy, eggs and honey used are sourced locally, as well as at least 40% of grains, malt, starches and wheat, (which must also not exceed 30% of costs).…

WITH Brexit out of the way, as far forging as forging a trade agreement with the UK is concerned, the clear priority of the current European Commission is its European Green Deal policy, which will significantly impact Europe’s energy sector. One strand of this ambitious plan to deliver European sustainability and climate-change neutrality by 2050 is energy efficiency.…

THE IFRS Foundation has released an advisory document helping accountants decide whether a business is a going concern, helping them make sounder judgements when Covid-19 is impacting revenues. The advice will help accountants decide whether a business will bounce back after the pandemic ends or go under anyway.…