Search Results for: World Trade Organisation

The first woman to chair the International Ethics Standards Board for Accountants (IESBA), Gabriela Figueiredo Dias, of Portugal, intends to boost trust in accountants and auditors worldwide, whose profession has been undermined by public scandals, some highlighting conflicts of interest.

Speaking to Accounting & Business, she said another goal of her three-year term of office, which began on January 1, (2022), would be to formalise IESBA ethical standards for environmental, social, and governance (ESG) reporting and help the sector deal with disruptive technologies, such as artificial intelligence (AI).…

LOYALTY rewards fraud is on the rise. USD1.2 billion’s worth of stolen airline miles alone are being sold on the dark web, says USA–based fraud prevention expert Forter. Subverted loyalty accounts can be a major problem, given 21% of loyalty accounts have credit card details attached, it says.…

Irish accountants are actively helping clients understand the country’s Gender Pay Gap Information Act, in force from May 31 (1), requiring firms to publicly report gender pay gaps – and action to solve them – in their organisations.

Companies and advisors are concerned about the tight June-to-December timescale for reporting pay data, said Aoife Newton who leads KPMG’s gender pay gap (GPG) reporting services: “The timeline for reporting is very limited.…

Consumers in Europe need to be offered clear labelling so that they only buy halal meat, especially from animals not pre-stunned before slaughter, if they want to, animal rights organisations and halal groups have told Salaam Gateway.

“We think it would be helpful if all meat was labelled pre-stunned or not so people can make informed choices,” said Dr Nick Palmer, head of Compassion in World Farming UK, an animal welfare campaign and lobbying group: “It is undesirable for non-pre-stunned meat to be accidentally purchased by consumers who would prefer to avoid it.”…

THE CURRENT global energy crisis and its attendant price rises have had “a dramatic impact on the profitability of many companies” in the textile and clothing sector, and a European Union (EU)-wide cap on gas prices is essential, Dirk Vantyghem, director general of the European Apparel and Textile Confederation (Euratex), has told WTiN.…

The Covid-19 pandemic has not just weakened and disrupted supply chains in the high-end fabric and yarn sector, it has encouraged mergers and acquisitions (M&A) among companies to strengthen trade flows. One key example this year in Italy’s luxury fashion sector is the acquisition by leading Italian luxury fashion house Brunello Cucinelli SpA in March (2022) of a 43% stake in the share capital of its historic cashmere yarn supplier Cariaggi Lanificio SpA.…

Europe’s textile sector has said digital technologies will have a key role to play in implementing the European Union (EU) Strategy for Sustainable and Circular Textiles (1), which was released March (2022), to ensure that by 2030, textile products placed on the market are long-lived and recyclable.…

The Greek government is seeking to grow English language higher education courses by approving a new law which will aid the creation of new English taught degrees run by Greek universities with overseas HE institutions. While these programmes were already legal, the new law clarifies how they should be operated and controlled by administrative and academic staff.…

India’s production of pashmina, the most exclusive of the cashmere fibres, is to receive an important government boost through acquiring a geographical indication (GI) from India’s Geographical Indications Registry for product sourced and spun in the Himalayan region of Ladakh.

The government of the union territory of Ladakh, which runs the mountainous territory in which Indian pashmina is producer applied for the GI certificate last year (2021) and hopes to receive authorisation the next few months.…

With the lifting of the Covid-19 induced lockdown in Shanghai at the start of June, the world’s largest wool exporters are hoping for less disruption to their business with China. But ongoing Covid outbreaks in the country, alongside the government’s continued zero-Covid policy, whereby cities are closed to control infections, and a backlog at its ports, are still causing concern.…