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The sustainability of the global fashion industry is coming under increased scrutiny. Concerns about how the industry uses water, chemicals and human labour, its greenhouse gas emissions and the mounting landfilling of ‘fast fashion’ disposables, have led politicians, sustainability activists and consumers to put pressure on the industry to change.…

China has developed such a robust renewable energy sector that it can withstand the impact of potential decoupling from US markets and suppliers, say experts as Sino-American relations sour. But good relations and cooperation would strengthen both sides’ shift to clean power.…

The signing of the Australia-United Kingdom Free Trade Agreement (A-UKFTA) may have created one new trade deal, but it is regarded in contrasting lights by the two countries’ respective dairy industries.

On the UK-side, industry association Dairy UK regards this as an unequal deal, giving British exporters little to leverage.…

Higher education institutions harmed by a five-years-old Islamist insurgency in Mozambique’s northern Muslim-majority province Cabo Delgado province, are reluctant to restart operations, despite security guarantees from the Mozambican military, and their allied forces from Rwanda and the Southern African Development Community (SADC).…

Artificial intelligence (AI) could transform the accounting sector in the Middle East, as well as the work of clients, so practice leaders should embrace this technology, a Dubai conference co-hosted by ACCA has been told.

Vivek Sam, Director, Technology Assurance, Deloitte, Middle East, told the Finance Excellence and Leadership Summit, held on May 21: “Use the technology.…

Textile manufacturers and researchers have been relentlessly developing new antimicrobial solutions for performance and protective clothing, especially focusing on sustainability.
The global antimicrobial textile market, which also includes antibacterial, antifungal and antiviral products, was valued at USD10.8 billion in 2020, expected to reach USD14.7 billion in 2027, according to India-based market researcher Qualiket Research (1). …

The Canadian auto sector and governments appear united in saying the huge subsidies sunk into securing a Canadian dollars CAD7 billion (USD5.1 billion) Volkswagen battery plant in St Thomas, southern Ontario, make good commercial and economic sense.

The level of financing could indicate what the Canadian and Ontario governments will have to spend to persuade Stellantis to restart stalled work at its planned battery manufacturing plant in Windsor, across the border from Detroit.…

Counter Proliferation Financing (CPF) is becoming an increasingly important third goal of international policies and programmes designed to attack and reduce illicit financial movements. With concerns about the development of nuclear weapons by sanctioned regimes in North Korea and Iran growing, governments have been focusing on how to implement Financial Action Task Force (FATF) guidance on CPF, which has been deepening since the global anti-money laundering and terror finance body in 2020 amended FATF Recommendation 1 and its Interpretive Note to require countries and entities to identify, assess, understand and mitigate their PF risks.…

Fashion brands have been warned to step up online security as the industry becomes increasingly digitalised and Russian hackers pose an increased risk as the country’s military struggles to maintain its invasion of Ukraine. 

While digitalisation brings enhanced sustainability, reduced waste, stricter inventory management, personalised designs, smart wearable tech garments, AI-enabled virtual fittings and integrated supply chains, increasing online data offers bad actors additional attack vectors, said Maryland, US-based cyber exposure management company Tenable. …

Anti-fraud agencies, financial institutions and central banks are working increasingly hard to fight sophisticated identity fraud, where fraudsters build an identity based on stolen IDs to open bank and credit card accounts. These comprehensive fake IDs – sometimes pulling together multiple identity elements and invented details – are often subbed ‘synthetic identity’ frauds.…