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The Bangladesh textile industry is suffering from an acute gas shortage due to the surge in gas prices in the international market due to the ongoing Russian invasion of Ukraine. According to the International Energy Agency (IEA), Russia’s piped exports to Europe declined by an 40% (or over 45 billion cubic metres) year-on-year in the first eight months of 2022, tightening supplies worldwide.…

Innovation in athleisure gear continues to drive performance improvements, with an eye to boosting sustainability, as consumers become more environment conscious, and regulation toughens up.

Of course, making such improvements is no easy feat today given the entire supply chain is facing “unprecedented challenges,” warned Davide Vigano, CEO of tech textile manufacturer Sensoria, based in Redmond, Washington state, USA, as shipping delays hinder the delivery of components, and transport prices increase as energy costs also soar, pushed up by Russia’s bloody invasion of Ukraine. …

It is ‘de rigeur’ for tech publications to define the ‘metaverse’ – Wikipedia is perhaps most succinct – ‘a metaverse is a network of 3D virtual worlds focused on social connection’ (1). As for their fraud risk, there is a growing consensus that the metaverse offers fraudsters and cybercriminals significant opportunities to exploit this growing network of IT systems integrating virtual or augmented reality (VR and AR).…

A gas supply crisis in Bangladesh is directly impacting the country’s important apparel industry due to its reliance on upstream and mid-stream textile and knitting sectors for fabric production, who consume natural gas for energy. The shortage has been caused by Russia’s invasion of Ukraine which said the International Energy Agency (IEA), has seen Russia’s piped exports to Europe declined by 40% in the first eight months of 2022, tightening supplies worldwide.…

Smart textiles manufacturers affected by the shortage of electronics for their products may receive respite in 2023 as global supplies of components increase, even if some disruption of production and supply chain lingers.

According to 2022 research by US investment bank J.P.…

The surge in e-commerce promoted by the Covid-19 pandemic has sparked a significant increase in fraud in goods delivery, with ‘shipping fraud’ becoming the “fastest growing type of digital fraud worldwide in 2021”, according to a Global Digital Fraud Trends report 2022 report from TransUnion.…

The Nordic and Baltic beer markets are increasingly diverse, with craft beer sales growing faster than those for standard beers across the region, with only Lithuania bucking the trend. According to UK-based market researcher GlobalData (which owns Just Drinks), sales of craft beers Denmark, Sweden, Norway, Finland, Estonia and Latvia have all seen significant sales increases over the past five years with many exhibiting double-digit growth.…

The list of Russian assets seized by its European and north American opponents grows ever larger, with super yachts joining bank accounts and expensive properties being sequestered. But could they be sold? Should they be sold? And should the money be spent on rebuilding Ukraine, if it drives out the Russian invader?…

While forecasts of a global recession are far from conclusive, the World Bank has in its latest international economy assessment released in September (2022) warned that such a downturn is a real possibility for 2023. (1) The reason is potential government spending tightening to deal with inflation rates not witnessed since the 1990s or earlier: “To stem risks from persistently high inflation, and in a context of limited fiscal space, many countries are withdrawing monetary and fiscal support,” noted the bank.…

THE EUROPEAN Union (EU) Council of Ministers has widened the scope of comprehensive sanctions imposed on Russia since it invaded Ukraine on February 24 so they can also be imposed on people or organisations helping to breach these measures.

In a statement, the Council said it said “circumvention of certain EU restrictive measures is likely to contribute to destabilising Ukraine or undermining its territorial integrity, sovereignty and independence.”…