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SUPPLIER FRAUD COST NASA USD700 MILLION IN ROCKET FAILURE



Documents released by the United States National Aeronautics and Space Administration (NASA) on April 30 suggest fraud by an aluminium supplier, Sapa Profiles Inc (SPI), cost the agency over USD700 million. In a case that the US Department of Justice is investigating, Oregon-based SPI is accused of falsifying data about the parts’ suitability for use in space vehicles resulting in the loss of two Taurus rockets and the satellites they carried in 2009 and 2011.  …

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VIETNAM YARN-MAKERS CONCERNED OVER RAW MATERIAL PRICE VOLATILITY AND GEOPOLITICAL UNCERTAINTY



VIETNAMESE cotton yarn-makers face a period of uncertainty due to raw material price volatility and the ongoing trade war between the US and China which threatens demand stability from Chinese textile and clothing manufacturers. China is the largest importer of Vietnamese yarn and accounts for more than 60% of Vietnam’s total yarn exports. …

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RELIGIOUS UNIVERSITIES IN MOZAMBIQUE OFFER ALTERNATIVE WAY TO CREATE INCLUSIVE HIGHER EDUCATION, SAY SUPPORTERS



Although religious universities educate only about 15% of all higher education students in Mozambique, they make a significant contribution to a country with very low levels of access to tertiary studies. Only 1% of the 29 million Mozambicans are currently attending attend higher education courses according to data provided by the country’s ministry of science and technology and higher education.…

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GLOBAL PAINT AND COATINGS SECTOR PUSHED TO REMOVE TOXINS FROM PRODUCTS BY LAWS AND MARKET DEMAND



THE INTERNATIONAL paint and coatings sector is not just under increasing regulatory pressure to reduce the amount of toxins in its products, but it continues to actively remove such potentially harmful elements – it is good for consumers and hence, business.…

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FATF INTERVIEW – PLENARY – FATF GAINS PERMANENT AML/CFT MANDATE



THE FINANCIAL Action Task Force (FATF) has been given an open-ended rolling mandate for the first time, with member governments underlining its value as the world’s premier AML/CFT international organisation. This decision – made in April – follows FATF’s latest February 20-22 plenary, where important issues such as the AML/CFT records of China, Iran and Brazil were discussed as well as fighting the continuing terror finance threat posed by Islamic State.…

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USA IMPOSES PRELIMINARY ANTI-DUMPING DUTIES ON CHINA-MADE STEEL WHEELS



THE USA department of commerce (DoC) has announced it will impose preliminary anti-dumping duties of 37.65% and 43.73% on imports of China-made steel wheels with a diameter of 12 to 16.5 inches in diameter. The DoC said it would now instruct the US Customs and Border Protection agency to collect this money as a deposit from importers.…

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MILITARY SECURITY EXPERT ADVISES US CLOTHING SECTOR TO UNDERTAKE DEEP DIVE CRIME ANALYSIS ON SUPPLY CHAINS



THE INTERNATIONAL clothing industry needs to take a holistic and assertive approach to fighting intellectual property theft and counterfeiting, which while can be easier to detect today, because of advances in data analysis, still poses a significant threat, an expert USA seminar was told.…

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EL SALVADOR CLOTHING MANUFACTURERS SEEK TO DEVELOP UNDERWEAR NICHE



El Salvador clothing manufacturers are seeking to solidify their focus on underwear exports, from basic cotton intimates to trendy and sophisticated lingerie. Flagship US-based underwear companies have settled production in this central American outsourcing hub, making a wide range of lingerie and more basic underwear, such as HanesBrands, Fruit of the Loom and Intradeco.…

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INTERNATIONAL INITIATIVES AIM TO HELP AIRPORTS RESPOND TO DISASTER EMERGENCY RELIEF EFFORTS



INTERNATIONAL efforts are under way to improve how airports can serve as effective humanitarian logistics hubs, reducing the risk that they become bottlenecks in disaster relief efforts. These moves follow research and a growing consensus in the air and aid sectors that while airports are undoubtedly a lifeline during crises, they can also hamper the efficient delivery of aid to victims.…

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AIRPORT INDUSTRY ASSESSES IMPACT OF A380 CANCELLATION



THE INTERNATIONAL airport industry is assessing the potential impact of Airbus’ cancellation, from 2021, of its manufacturing programme for the wide-bodied A380 airliner – a plane that sparked multi-million dollar improvements to airports worldwide.

Faced with a reduction in orders from its key supporter, Emirates airline, of the United Arab Emirates (UAE), Airbus announced when releasing its 2018 results on February 14, that its programme to build this ground-breaking large jet would be wound up.…

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