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The Financial Action Task Force (FATF) has suspended Russia from membership because of its continuing military invasion of Ukraine – an unprovoked attack that the UN said by February 20 had killed 8,006 civilians and injured 13,287.

The global AML body’s plenary today (Feb 24) acted following “reports of arms trade between the Russian Federation and United Nations sanctioned jurisdictions, and malicious cyber-activities emanating from Russia”.…

Turkey’s textile and clothing sector is grappling with the fact that around a third of the country’s garment and textile production capacity was clustered around the epicentre of the 7.8 magnitude earthquake that has killed more than 47,000 people, left millions homeless and destroyed hundreds of thousands of buildings.…

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

International automobile manufacturers, including those based in the USA, have been presented with the first global sustainability reporting standards designed to become compulsory in many countries worldwide from January 1, 2024. They may also apply to foreign companies operating in the USA and overseas branches of US-owned companies such as Ford and GM, depending on a looming decision made from the Securities & Exchange Commission, expected in April (2023).…

The European Union (EU) may this year complete a long-negotiated trade agreement with the South American Mercosur bloc, including major knitwear manufacturer Brazil and wool exporter Argentina. EU trade Commissioner Valdis Dombrovskis has said the ratification of a deal that was agreed in principle in 2019 should move a step closer “relatively soon”.…

After weathering a Covid-impacted 2021, Vietnam’s apparel and footwear sectors rebounded in 2022, along with the rest of the economy, and while they are looking forward to medium-term expansion, 2023 could be a rocky ride.
Exports of footwear in the first half of 2022, for example, rose 13% by value compared to the same period in 2021, according to data released by the Vietnam News Agency (VNA) the state-run news agency (1).…

Myanmar’s clothing industry is struggling to continue effective operations as the military coup which toppled the country’s former democratic government two years ago has continued to harm the country’s economy, especially those sectors heavily dependent on international trade.

Resulting protests have mutated into civil war, with this instability and economic dislocation causing many western apparel companies to quietly withdraw from the country or reduce orders and sales.…

From tackling the garment industry’s waste challenges, to proving a product’s provenance and providing infinite creative opportunities for designers, ‘digital twins’ – a digital reproduction of real-life clothing or accessories – are already providing significant benefits.

Lui Iarocheski, VP of marketing and new ventures at PlatformE – a Porto, Portugal-based fashion tech company offering mass customisation at scale for fashion brands told Just Style: “The beauty of a digital twin is that it carries rich data.…

Transparency International warned that “conflict creates opportunities for corruption and subverts governments’ efforts to stop it” in unveiling the 2022 Corruption Perceptions Index (CPI) on January 31, scoring 180 countries worldwide on perceived levels of public sector corruption from 0 (highly corrupt) to 100 (very clean).…