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The clothing and textile sector is facing an onrush of detailed legislation and guidance from regulators worldwide focused on artificial intelligence (AI), which will shape how businesses adopt and use this powerful new technology. As is often the case in comprehensive regulation, the European Union (EU) has been a leader in approving legislation on AI, as the global clothing and textile industry increasingly explores and delivers ways to integrate AI into its businesses.…

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).…

Zambia’s annual tobacco production is expected to drop by 10% to 42.3 million kg in 2024 from an annual peak production of 47 million kg produced last year (2023), according to Phil Daka, chairperson at the Tobacco Board of Zambia (TBZ).…

Vietnam’s ministry of industry and trade (MOIT) has released a draft amendment to the country’s Law on Chemicals. The draft amendment stipulates that all chemicals, including paint and coating ingredients, must be declared when imported through Vietnam’s National Single Window Information Portal.…

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.…

International organisations and academics are warning central banks to take AML/CFT into account as they develop central bank digital currencies (CBDC), although pressures to guarantee privacy might undermine such controls. According to 2023 research from the central banks’ central bank, the Basel, Switzerland-based Bank for International Settlements (BIS), 93% of central banks are now exploring or developing CBDCs (1).…

Despite the impact of climate change, weak domestic markets and under-developed final product processing, Malawi’s farmers still regard dairy production positively and are embracing good livestock husbandry practices to increase return on investment.

Malawians are keen on milk and dairy products, but the sector is currently cannot meet demand to the 19 million population as dairy processing is nascent.…

While beer consumption in Slovakia is not as high as neighbouring Czechia (which has the world’s highest per-capita beer drinking), it is still the 13th highest worldwide at 79.9 litres per person annually (2022 figures) (1).

So, it is no surprise that Crown Holdings, one of the world’s largest producers of metal packaging, continues to invest in its beverage can plant in Kechnec, eastern Slovakia.…

The International Accounting Standards Board (IASB) has proposed a new comprehensive standard – IFRS18 ‘Presentation and Disclosure in Financial Statements’, designed to give investors more transparent and comparable information about companies’ financial performance. It introduces three defined categories for income and expenses – operating, investing and financing – and requires companies to provide defined subtotals, including operating profit, aiding comparisons.…