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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.…

European Union (EU) member states have been adapting to the new legal guidance on access to their national registers of ultimate beneficial owners (UBOs) following the November 2022 ruling (1) at the European Court of Justice (ECJ) and a new EU directive published June 19 (2024).…

The International Sustainability Standards Board (ISSB) has pledged over the next two years to help companies transition to making IFRS S1 and IFRS S2 declarations rather than developing additional sustainability reporting standards. It will focus “on the provision of high-quality, decision-useful information”, including help in measuring greenhouse gas emissions.…

Companies and public sector organisations could sharpen their fraud prevention efforts, according to the Association of Certified Fraud Examiners (ACFE), making sure that red flags raised by background checks on potential employees are acted upon, if these assessments are made at all.…

The international sportswear industry is trying to develop new strategies, often using ultramodern technology, to deal with continued inventory challenges, overstocking and demand volatility – particularly intense in recent years.

In a January 2024 report, ‘Time to move: Sporting goods 2024’ (1), New York, US-based global management consulting firm McKinsey & Co and the Berne, Switzerland-based World Federation of the Sporting Goods Industry (WFSGI) noted that sportswear companies “continued to struggle with inventories” in 2023, largely due to overstocking because “anticipated demand failed to materialise”.…

As the largest non-alcoholic ready-to-drink (RTD) market in the Asia-Pacific region, according to Tokyo-based food and beverage consultancy GourmetPro (1), Japan has long been attractive to international non-alcohol brands, with the expansion of the market since 2020 intensifying attention.

Non-alcoholic beverages other than beer, such as cocktails and ‘chuhai’ (shochu and carbonated water flavoured with a kind of fruit juice – often categorised separately from cocktails in Japan), produced by Asahi, Sapporo, Kirin and Suntory; and umeshu (plum wine), such as ‘Yowanai The Choya’, began to appear on the market in 2010.…

With outdoor performance brands having to focus more on sustainability, because of regulatory and market requirements, brands have been looking to use more natural fibres as materials, alone and in combination with artificial inputs.

Designers have been assessing a wider range of natural fibres as a result, with alpaca and yak, for instance, joining the well-established merino as an outdoor wool fibre resource. …

Consumer appreciation of how artificial intelligence (AI) can improve their fashion shopping experiences is a key driver of the global apparel industry’s enthusiastic adoption of the technology, along with its ability to enhance design capabilities and boost operational efficiency.

Some brands have even harnessed AI’s ability to bring consumers into the fashion design process, integrating two of these AI deliverables.…

The Chinese textile industry’s overseas investment has been on an upward trajectory since the Covid-19 pandemic, with a focus on countries involved in China’s Belt and Road Initiative, particularly in southeast Asia, but also further afield; the Chinese textile company Shanghai Jingqingrong Garment, for example, in January announced it will open its first production plant outside China in Catalonia, Spain (1).…

Artificial intelligence (AI) technologists have lauded rapid developments in AI drawing and design for finishers, citing the burgeoning technology’s ability to transform the digital textile printing sector. They point to improved creativity and efficiency as well as reduced costs and impact on the environment, but some in the sector remain sceptical about the degree and timescale of any impact.…