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BRAZIL’S textile sector needs to look to boost exports by producing quality products to survive the current recession, a major industry conference has been told. Brazilian textile and yarns makers must invest, innovate and globalise if they want to ride out the recession, said the majority of speakers addressing the International ABIT Congress, organised by the Brazilian Textile and Apparel Industry Association (ABIT – Associação Brasileira da Indústria Têxtil e de Confecção), staged in São Paulo on June 1 and 2.…

DENMARK-based meat producer Danish Crown has welcomed the strengthening of its distribution systems through its acquisition of sole control over transporter SPF-Danmark, buying Danish pork company Tican’s 10% stake.

“SPF Danmark is the largest player in the trade and transport of live pigs and accounts for a significant part of trade in piglets on both the Danish market and for export. …

A SWEEPING review of Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006, published in April 2016, has made more than 80 recommendations to tighten and extend the scope of this key piece of legislation. Among these are proposals to streamline due diligence obligations on the part of reporting entities while reinforcing auditing procedures, increasing the scope of the legislation to cover more professional categories and types of transactions and increasing surveillance particularly in the remittance sector.…

THE EUROPEAN Parliament voted unanimously yesterday (June 8) to set up an inquiry committee to probe the ‘Panama Papers’ leak, that revealed Panamanian lawyers Mossack Fonseca worked with more than 14,000 banks, law firms and middlemen to set up companies, foundations and trusts for customers to hide and move sometimes crime-tainted money.…

THE EUROPEAN nonwovens industry has been pushing ahead, maintaining consistent growth above increases in GDP for the whole economy, increasing its international collaboration, and the successfully exploring new markets. And while it is rarely prudent to make anything more than short-term predictions about cost and tariff problems, such difficulties faced by the European nonwovens sector seem have been pushed into the background. …

THE EUROPEAN Union (EU) Council of Ministers has adopted streamlined breeding rules for livestock in the EU, while clarifying the rights and duties of EU breeders and the recognition process for breeding programmes, among other issues. Past EU legislation had split up breeding rules with separate laws for particular livestock species.…

An EU-funded project has developed innovative deep-mining strategies that are set to cut Europe’s dependence on the imported rare earth elements (REEs) within four years with less environmental damage.

The I²MINE – or ‘innovative technologies and concepts for the intelligent deep mine of the future’ – aimed to secure European access to the 15 lanthanides, as well as scandium and yttrium [ARE THESE IN SPECIFIC LOCATIONS/ REGIONS?],

In 2015, North America’s manufacturing capacity for nonwovens (regarding the United States, Canada and Mexico) grew from 2014 by 2.4% to reach about 2.77 million tonnes, according to a spokesperson for the US-based Association of the Nonwoven Fabrics Industry (INDA). The United States dominates supplies in the region, making up 91% of capacity.…

It gets exceedingly hot in Riyadh in the summer, with the mercury rarely below 40 degrees Celsius, but that does not deter Moazam Shah from going for his evening run around the residential compound he lives in with his family.

After six years in the Kingdom of Saudi Arabia, Pakistani national Shah has acclimatised to exercising in extreme heat: “It’s a time for myself, to catch up on my thoughts,” he told Accounting & Business at the Ritz-Carlton Hotel in Manama, Bahrain.…

INDONESIAN consumers are becoming increasingly brand-savvy as their incomes surge, driving up the country’s body care product market. As of 2015, this retail segment generated USD169.41 million in sales, and is expected to reach USD245.09 million by 2020, according to Ghina Romani, a researcher with the London-based market intelligence company Canadean.…