Search Results for: America

Former US President Donald Trump may be out of office, but the first initiatives of the new administration of President Joe Boden have been to encourage the American manufacture of clothing and textiles, just in a different way from his predecessor.…

German banking giant Deutsche Bank is to pay more than USD130 million in the USA for a string of bribes its “business development consultants (BDC)” paid out in Abu Dhabi, China, Italy and Saudi Arabia, in breach of America’s Foreign Corrupt Practices Act (FCPA).…

The United States Securities & Exchange Commission (SEC) has taken the unusual step of awarding a whistleblower involved in a company audit with a reward of more than USD300,000. Although individuals with audit or compliance responsibilities are generally not eligible for such awards, the SEC said it makes exceptions for whistleblowers who reasonably believes that a company’s conduct could impede an agency investigation.…

The Covid-19 pandemic has changed consumer behaviour as well as revenue streams for criminals, encouraging them to abandon certain laundering techniques in favour of others. Criminals have generated more money through cybercrime by attacking unwary computer users unused to using personal computers at home.…

The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.

Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…

The Peruvian clothing industry is criticising government aid programmes that are supposed to help companies withstand the Covid-19 pandemic, saying they have done little for apparel and textile manufacturers.

Carlos Penny, president of the textile committee at the Peruvian Exports Association (ADEX – Asociación de Exportadores), is especially unhappy how the Reactivate Peru (Reactiva Peru) and a national Business Support Fund have failed the country’s important clothing and textile sector.…

USA automotive manufacturers are facing some tough choices when implementing the United States-Mexico-Canada Agreement (USMCA), which entered into force on July 1, to avoid its pressure on costs being reflected in showroom price increases.

The new deal, which replaces the North American Free Trade Agreement (NAFTA), requires US, Mexican and Canadian auto manufacturers to increase their USMCA-bloc sourcing to ensure that 75% of a vehicle’s parts are made in a signatory country to benefit from the free trade provisions.…

The Mexican auto industry should be able to preserve its critically important USA export sales if it implements the new labour wage and origin components of the United States-Mexico-Canada Agreement (USMCA) slowly and steadily, allowing time to invest in technological efficiencies, experts predict.…

Mavi, the Turkish denim giant, sold 9.7 million pairs of jeans worldwide in 2019, and, its chief executive has told just-style, has rebounded from the shuttering of the garment sector earlier this year with e-commerce sales doubling in its major markets.…

IT goes without saying that can manufacturers and fillers have to comply with regulatory controls specifying how they make and fill cans, but maybe the biggest compliance challenge for the industry is following the world’s multifarious rules on food labelling. 

Canners and fillers with contracts to supply labelled cans have to take special care given these labelling rules do not just vary from jurisdiction to jurisdiction, (or even within jurisdictions), these regulations are a very dynamic topic – they change, often. …