Search Results for: International business⊂mit=Search
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RUSSIAN DIGITAL TEXTILE FINISHERS ADAPT TO SURVIVE AS THEIR COUNTRY’S MILITARY SHELLS AND BOMBS UKRAINE INDUSTRY PARTNERS
Russia’s invasion of Ukraine launched last February (2022) has severely damaged Ukraine’s digital textile printing segment, and while it has also harmed the Russian industry, this sector has performed better than expected, despite comprehensive western sanctions.
In Ukraine, where the invasion had killed 8,101 civilians by February 28 (UN data), the country’s light industry, including its digital textile printing sector, continues to suffer from bombardment, logistical bottlenecks and persistent power cuts.…
INTERNATIONAL REGULATORY ROUND UP
The European Union (EU) has taken fresh action to reverse the decline of honeybees in Europe, with the European Commission revamping the EU Pollinators Initiative. The revised strategy involves spending on conservation, species reintroduction, research, monitoring and restricting dangerous pesticides. https://data.consilium.europa.eu/doc/document/ST-5692-2023-INIT/en/pdf;…
AUSTRALIA LEADS GLOBAL DEVELOPMENT OF MARINE COATINGS INSPIRED BY NATURE
Australia is at the forefront of developing innovative marine coatings that draw inspiration from nature. These have the potential to not only protect ships from biofouling but also reduce fuel consumption by up to 10% by mimicking the properties of streamlined natural surfaces.…
COMPLEX LAYERING TECHNIQUES CONSTANTLY REFINED BY SOPHISTICATED MONEY LAUNDERERS
Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.
‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…
EU FINISHERS FACE TOUGHER INDUSTRIAL EMISSIONS DIRECTIVE AND ASSOCIATED NEW BEST AVAILABLE TECHNIQUES GUIDANCE
With European textile finishers keeping a close eye on sustainability rules being developed by the European Union (EU), the fact that the EU Council of Ministers on March 16 (2023) struck agreement (1) on European Commission proposals (2) for reforming the EU industrial emissions directive will require particularly careful attention.…
EU ROUND UP - EPPO SAYS VAT FRAUD ACCOUNTS FOR 47% OF EU-RELATED SCAMS
The European Public Prosecutor’s Office (EPPO) has warned in its latest 2022 annual report that last year, cross-border VAT fraud accounted for 47% of the estimated EUR14.1 billion lost to frauds affecting European Union (EU) revenue and expenditure. That covers the 1,117 active EPPO investigations by the end of 2022, a year in which the office received and processed 3318 crime reports and opened 865 inquiries.…

JAPAN COATINGS SECTOR GIVEN A BOOST BY OLYMPICS, BUT COMPANIES ARE NOW LOOKING FOR NEW DEMAND
This increase in demand is linked to the construction of venues and facilities for the Games, as well as for connected infrastructure, such as new hotels and transport facilities.
And with the final touches added to the Tokyo Aquatics Centre in early March, the preparations for sporting venues were completed – well ahead of schedule, a bright contrast to the last-minute construction that bedevilled the 2016 summer games in Rio de Janeiro.…
MOSUL UNIVERSITY REBUILDS FROM ISLAMIC STATE DISASTER
When Saif al-Ashqar was tasked with rebuilding the library of the University of Mosul in Iraq, he was given a free rein – but no cash. Islamic State, which occupied the city between 2014 and 2017, had burned the prestigious library to the ground, destroying what remained of its vast collection of books, historic maps and ancient manuscripts.…
CANADA INCREASING AUTO OUTPUT – BUT WILL TREND BE MAINTAINED?
The 11% year-on-year increase in output by Canada’s automotive manufacturing industry in 2022, reverses a five-year trend of contraction, but will this increase be sustained?
Canada’s 2022 production uptick, according to figures from Wards Intelligence, is certainly significant. The bulk of the expansion was in the dominant light truck segment, with 933,091 vehicles being produced, compared to 814,263 in 2021.…
A EU LAW COULD CHANGE TOBACCO PRODUCT ONLINE SALE STRATEGIES IN MORE THAN 10 EUROPEAN COUNTRIES
Growing online sales of tobacco products within the European Union (EU) are boosting industry revenues, despite increasing sales restrictions, including some outright bans on internet purchases of tobacco products. The German market and consumer data platform Statista foresees 2.5% of the total USD170 billion [EUR160 million] sales generated by the tobacco sector – all products – within 2023 will come from online sales, meaning USD4.25 billion [EUR4 billion].…