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VAPE COMPANIES INNOVATE TO SURVIVE IN UNCERTAIN MARKETS



Major vaping players are investing in innovative solutions to offer healthier, more pleasant, and more eco-friendly products, trying to reshape a segment facing a growing number of restrictive laws worldwide.

According to the Dublin-based market researcher Research and Markets, “the global e-cigarette market reached a value of USD20.4 billion in 2021” and should reach USD30 billion by 2027 (1).…

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DESPITE CHALLENGES IN PRIVATE EDUCATION, AFRICA HAS PROMISING FUTURE AS YOUNGEST CONTINENT SAYS GROUP CEO OF HONORIS UNITED UNIVERSITIES



Africa is the continent with the youngest population in the world, and so needs to expand effective higher education, Dr Jonathan Louw, group CEO of Honoris United Universities (HUU), the largest pan-African tertiary education network, has told UWN.

In an exclusive interview in Tunis, Tunisia, Dr Louw noted how the fact that almost 60% of Africa’s population is under 25 years old presents a huge opportunity for higher education in Africa.…

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RESEARCHERS STRUGGLE TO GET POLITICAL AND SOCIAL SUPPORT TO SOLVE ENVIRONMENTAL PROBLEMS



African environmental academics are struggling to get political and social support for their solutions to problems such as the desertification in North Africa and the Sahel region.

In Africa, there is a “disconnect” between policymakers and researchers, and “to some extent, even the community”, including research findings released by academics and even research institutes, said Sanusi Bello Shamaki, professor at the Usmanu Danfodiyo University, Sokoto, north-west Nigeria.…

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TEXTILE PRODUCTION IN RUSSIA DECLINES, LARGER COMPANIES HAVE BEST CHANCE OF SURVIVAL



The Russian textile sector has been struggling to cope with the international sanctions from the US, European Union (EU), UK, Japan and others and the disruption caused by the exit of international companies from Russia, following its invasion of Ukraine.

Russia’s GDP declined 4% in the second quarter and will shrink by 7.8% throughout 2022, predicts the ministry of economic development.…

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LACK OF RELIABLE DATA UNDERMINES THE GROWTH OF HE IN AFRICA



A lack of reliable data across Africa has weakened policies to improve higher education across the continent, development experts argue. They claim the problem is compromising the achievement of the UN’s Sustainable Development Goal (SDG 4) (1) to leave no one behind in tertiary education by 2030, even though several local data development initiatives are trying to improve the flow of useful statistics.…

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ENERGY CRISIS, LOAD-SHEDDING AND FUEL PRICE WORRY TEXTILE PRODUCERS IN BANGLADESH



Factory owners in Bangladesh fear the introduction of a once-a-week holiday in industrial zones to cope with the country’s energy crisis may intensify pressure on textile production while still resulting in production loss. 

Previously, Friday was a holiday for all factories except those involving spinning and dyeing as they require a 24-hour operation, but this day off will now be rotated.…

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ASIAN TEXTILE CONFERENCE HIGHLIGHTS NEW JAPAN HIGH TECH TEXTILE STRATEGY



Embracing sustainability and digitisation are key to maintaining the international competitiveness of Japan’s textile industry, according to the country’s textile technology roadmap promoted at the 16th Asian Textile Conference (ATC-16) staged online over July 27–29.

The plan, released by Japan’s ministry of economy, trade and industry in May (2022) (1), formed the key component of ATC-16’s first plenary session and shaped much of the content throughout the three days of online lectures.…

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CANADIAN AUTO SECTOR WELCOMES SCRAPPING OF US-FOCUSED EV TAX CREDIT



The Canadian automotive industry has welcomed the deal within the USA’s Democratic Party to propose a revised tax credit on purchases of electric vehicles (EV) in America which extends the payment to EVs made across north America, including Canada and Mexico.…

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ZIMBABWE OFF FATF’S GREY LIST – BUT SCEPTICS SAY ITS AML RECORD IS WOEFUL



Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move – from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.…

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NETHERLANDS IMPOSES WEAK PUNISHMENTS ON MONEY LAUNDERERS, SAYS FATF



The Netherlands has only moderate effectiveness in its AML/CFT policies regarding supervision, preventative measures, legal persons controls and financial sanctions, according to the latest FATF mutual evaluation report (MER). These assessments now highlight effectiveness assessments alongside technical compliance ratings. And while, overall, FATF concluded that the Netherlands’ AML/CFT was “delivering good results”, it added that the country “needs to do more to prevent legal persons from being used for criminal purposes, strengthen risk-based supervision, and ensure sanctions for money laundering and terrorist financing offences are proportionate and dissuasive”.…

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