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Honduras is strengthening its position as an outsourcing partner for the US clothing industry, with the central American country generating the second highest receipts from sales of textiles and finished garments under free trade agreements to the United States, just behind Mexico.…

Enforcement action to tackle foreign bribery in compliance with the OECD Anti-Bribery Convention (1) declined from 2018 to 2021, according to Transparency International (TI), after reviewing 47 leading export economies. These were 43 convention signatories plus China, India, Hong Kong and Singapore.…

British banking trade association UK Finance is warning that “the level of fraud in the UK has reached a point where it must be considered a national security threat”. In its ‘2022 half year fraud update’ (1), it said that despite spending billions on fraud prevention, “the banking sector cannot solve this on its own.”…

 
The European Union’s garment and textile industry pushed this Thursday, October 13, in Oporto, Portugal, for global rules to fight climate change to ensure fair competitiveness, with more international harmonisation of sustainable standards.
These wishes were expressed in the conference ‘Sustainability meets Competitiveness – how to square the circle?’,…

In recent years, Iranians have been driving growth in the Middle East’s cosmetics market, but worsening economic and political developments in Iran have restricted this growth. That has not deterred some personal care product companies, however, who continue to prosper in the country, whose market of 84 million people has significant potential.…

Dulles International Airport, serving the US capital of Washington DC, is set to join a growing number of American airports that are putting the grassy territory around their runways to use producing solar energy. Planners of Dulles’ proposed solar farm and storage facility hope to lay claim to being the largest such airport-based project in the US.…

The South Korean aesthetics market is regarded by UK-based market researcher GlobalData as the fastest growing in the Asia-Pacific region, with an anticipated compound annual growth rate (CAGR) of approximately 7% between 2022 and 2030, displayed remarkable resilience during the pandemic.…

China’s nonwovens industry is preparing for ongoing long-term growth, bolstered by increasing demand for nonwovens globally and inspired by the drive for digitisation within the country, to improve manufacturing productivity and efficiency. With support from national government policy and initiatives to boost digitisation in nonwovens manufacturing, industry majors and small-and-medium-sized business owners alike are pursuing greater use of industry 4.0 tech, noted the Europe-China Eco Cities Link Project, a project backed by the European Union (EU) and the Chinese government [1].…

The Germany-based Saxon Textile Research Institute (STFI – Sächsische Textilforschungsinstitut) (1) has been working hard on developing textile grippers as tools that replace the human hand as the industry increasingly adopts automation. (2) STFI analysis sent to Textile 4.0 stressed the need for a wide variety of grippers given the large variety of fabric workpieces in clothing and textile manufacture.…

FinCEN (Financial Crimes Enforcement Network), the USA’s FIU, has been implementing detailed reforms to the country’s AML/CFT regulatory system that had been authorised by the country’s Anti-Money Laundering Act (AMLA). Passed by Congress in January 2021, overriding a veto of former President Donald Trump, a key plank of the reforms has been strengthening the USA’s previously anaemic efforts on UBO controls, which had been found wanting by past FATF MERs.…