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A SENIOR official at the Istanbul Apparel Exporters’ Association has told WTiN.com that Turkey’s textile sector is increasingly being guaranteed business by the country’s emergence as a fast fashion supply hub, selling to Europe and beyond. Turkish suppliers, as well as well-known retailers such as LC Waikiki, Colin’s, Koton, Collezione and Mavi, are increasingly strong players in the world’s fast fashion markets, boosting their performance in short development cycles, rapid prototyping and small batches.…

THE EUROPEAN and British pharmaceutical industries are being faced with taking swift action to deal with the impact of the UK referendum vote last week (June 23) to leave the European Union (EU), a move opposed by most medicine manufacturers.

The Association of the British Pharmaceutical Industry (ABPI) quickly responded, with CEO Mike Thompson declaring: “The voice of the British people has been heard.…

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 PAKISTAN government has reduced customs duties on importing machinery used in the livestock and meat industry from 5% to 2% to encourage investment and development in the livestock and meat industry.

Incubators, brooders and animal feedstuffs machinery are among the imports that will see duties reduced in this way.…

THE INFLUX of foreign tourists and investment to once-isolated Myanmar has resulted in an increasing demand for meat, while a limited manufacturing base is presenting new opportunities for international suppliers.

Almost 90% of Myanmar’s population are Buddhist and almost a third live below the poverty line; factors which have historically kept meat consumption levels low.…

A SENIOR UK-based defence and security think tank has called on governments, financial institutions and the Financial Action Task Force (FATF) to take fresh action to stop money being moved to finance illicit nuclear weapon programmes.

A paper from the Royal United Services Institute (RUSI) has called on governments to start imposing tougher and more comprehensive actions against financial flows that could help build nuclear weapons.…

THE UK’s vote last Thursday (June 23) to quit the European Union (EU) creates deep uncertainty over the shape of future nuclear industry regulations in Britain. The same applies to EU market access for British nuclear fuel and component companies or exporters from the rest of the EU wanting to target British nuclear operators.…

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. …

INDIAN nuclear plants have been awarded their first ever nuclear operator’s liability insurance policy, a move that is expected to attract international manufacturers of nuclear components to help in building new power generation capacity. Confirming the policy issued on May 26, Alice G Vaidyan, chairman-cum-managing director of General Insurance Corporation of India (GIC), told Fuel Cycle Week that, USD224 million insurance cover has been provided to all 21 nuclear power plants run by Nuclear Power Corporation of India (NPCIL).…

Japanese international trading house Marubeni Corp has teamed up with clothing and textile management consultants Werner International, of the USA, in rehabilitating a textiles factory in Angola to produce denim and knitwear products. The move is part of a long term plan by the Angolan government to restore its clothing and textile sector, which was severely damaged by the country’s civil war, which lasted from 1975 to 2002.…