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For evidence that China’s nationalistic ‘guochao’ consumer trend is gathering pace in the personal care product sector, look at the country’s powerful e-commerce sector. In February 2021, the turnover of cosmetics on China’s Taobao platform was Chinese Yuan Renminbi CNY14.7 billion (USD2.3 billion), a year-on-year increase of 11%, with the top brand in sales being the guochao-oriented personal care product brand Hangzhou-based Florasis Hua Xizi.…

INTRODUCTION

Until now, the use of sensors within garments has been regarded as a specialist technical exercise, usually as a means of delivering medical information to doctors, nurses and other health-care professionals. However, production advances, especially the integration of sensors within yarns using nanotech and conductive fibre is opening up a wider range of more user-friendly functions that could bring sensor tech to the mass consumer market.…

INTRODUCTION

THE MANUFACTURE of protective masks has been maybe the largest growth area in the international textile and non-wovens industry during the Covid-19 pandemic. Billions of people have donned masks as they seek to avoid catching a disease that by June 11 (2021) had killed 3.7 million people and infected 175 million [1].…

INTRODUCTION

The COVID-19 pandemic has had many profound social and economic impacts, but maybe one of the most important for the clothing and textile sector has been how it encouraged the meshing of design and function in products.

With consumers staying at home, they have looked for apparel to provide comfort as much as formal elegance, of more importance when working in an office or attending public evening events.…

Mongolia wants to increase the sustainability of its cashmere industry through more vertical integration – processing cashmere into premium finished garments locally. And it also wants to reduce the national herd to sustainable levels from a current high of 30 million.…

AMERICA has long been the global policeman of international sanctions, including breaches of AML rules, but evidence suggests that the US dollar’s use in international transactions could be weakening and is having to compete with the rising power of crypto currencies.…

President Joe Biden may think he has three main foreign policy priorities this year – China, Russia and Iran – but the truth is, as far as the Middle East is concerned, all these challenges roll into one.

That is because both China and Russia are seeking increased influence in the Middle East, and hoping for potential missteps from the USA over the Iran file to leverage their diplomatic positions.…

THE EUROPEAN Union (EU) member state of Malta – along with Haiti, the Philippines, and South Sudan – have been added to FATF’s increased monitoring watch list, with all four countries promising to work with the global AML body to improve their dirty money controls.…

The Financial Action Task Force (FATF) has released three detailed reports targeting sometimes weak performances of AML bodies in fighting illicit money flows linked to environmental crime; the proliferation of weapons of mass destruction; and extreme right-wing (often ethnically-based) terrorism.

FATF was particularly critical of actions combating the laundering of environmental crime proceeds, noting that these amounted to USD110 billion to USD281 billion annually, from illegal extraction and trade of forestry and minerals to illegal land clearance and waste trafficking: “Government actions to detect and disrupt these financial flows have not been proportionate to the scale of this issue,” concluded a new FATF report.…

THE EUROPEAN Commission in June (2021) signalled it was running out of patience with Malta and Cyprus over their ‘golden passport’ schemes which allow people investing in these small island nations to effectively buy citizenship. The European Union (EU) executive has long warned that such policies contain significant ML risks, releasing a detailed report in 2019 that highlighted concerns that governments failed to properly screen the source of funds used to gain golden passports.…