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Since the Hamas-led attack on Israel on 7 October 2023, and the ensuing Israeli war on Gaza, the Palestinian banking sector has been caught in the crosshairs. Meanwhile, Hamas continues to get funding as the war enters its 10th month.

The Palestinian banking sector, overseen by the Palestinian Authority (PA), has been under heightened pressure from the Israeli government following the Hamas-led attacks.…

As intensifying international trade frictions highlight the need for Chinese textile companies to spread their risk by investing in production capacity within diverse global markets, Chinese textile companies are indeed expanding their global footprint. That includes downstream as well as upstream segments.…

Major Indian apparel exporters are awaiting sudden increase in orders expected to move from Bangladesh because of that country’s recent political turmoil. However, a significant sourcing shift by western brands will be limited by constraints in Indian manufacturing infrastructure, Just Style has been told.…

The freezing of Russian assets since the government of President Vladimir Putin invaded Ukraine in February 2022 has prompted western governments to consider seizing that money and property to fund reconstruction of a country ravaged by Moscow’s military aggression. Estimates of the value vary, but there is consensus that the value is at least USD300 billion, with the vast majority being assets from the central bank, the Bank of Russia.…

Vietnam’s clothing and textile industry may benefit from the accession to power of a former security minister, industry experts have told Just Style – although his closeness to Russia has raised concerns about weakening vital western trade links. To Lam was appointed President of Vietnam in April (2024) and general secretary of the ruling communist party earlier this month (August 3), the most powerful job in this south-east Asia sourcing hub.…

Although the low countries boom in the paints and coatings markets of Belgium, the Netherlands and Luxembourg (Benelux) during the Covid-19 pandemic is easing, and the industry has been hit by Russia’s invasion of Ukraine and the cost-of-living crisis, the sector is holding up well.…

Automakers selling battery electric vehicles (BEVs) into the 27-country European Union (EU) market are working hard to fulfill EU regulatory requirements to provide digital battery passports using a unique serial number and QR code from February 2027.  https://www.consilium.europa.eu/en/press/press-releases/2023/07/10/council-adopts-new-regulation-on-batteries-and-waste-batteries/

The law was only adopted in July 2023, creating a compliance challenge for EU market automakers, many of them US-owned, said Beatriz Ildefonso, circularity and materials manager at the European Association of Automotive Suppliers (CLEPA), the suppliers representative body.…

The launch of European Sustainably Reporting Standards (ESRS), guiding mandatory European Union (EU) sustainability reports, coming progressively into mandatory force across the EU from 2025 (1), is pushing EU auditors to expand their skill sets.

They are already having to audit comprehensive EU sustainability reports for major companies, focused on double materiality concerns of a company’s impact on the environment and society as well as its financial exposure to such social and environmental trends.…

The UK’s National Crime Agency (NCA) has shut down a spoofing platform that enabled criminals to target 170,000 UK fraud victims and others worldwide through a phone handset and web app. Targets were defrauded of “tens of millions” of British pounds (GBP), said the NCA via this ‘Russian Coms’ system.…

BEV sales are stalling in the European Union (EU). After growth in 2021 and 2022, sales figures (https://www.acea.auto/pc-registrations/new-car-registrations-3-in-may-2024-battery-electric-12-5-market-share/) released July 18 by the European Automobile Manufacturers’ Association (ACEA) for the year through May 2024 show BEVs taking 12.5% of the EU car market, a decrease from 13.8% the previous year.…