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10 results out of 5871 results found for 'Global Warming⊂mit=Search'.

BRAZIL’S STEPS TO IMPROVE ITS AML/CFT

Brazil is trying to improve its Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system with stronger penalties and more supervision, but some gaps remain.

Brazil, which is among the countries with the highest alerts (1.36 million in 2023) for financial crimes involving shell companies, as per the Moody’s Shell Company Indicator quoted by CNN (1), “has made important strides to improve” its  Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) system and “is achieving some positive results”, but still “needs to strengthen cooperation and coordination between certain authorities and improve prosecution”, warned the Financial Action Task Force (FATF) in 2023 (2).…

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Cheese (Kars, Turkey) by Sasha India

TÜRKIYE DAIRY PRODUCTION FALLS AS INDUSTRY STRUGGLES WITH INFLATION AND DEPRECIATING LIRA

Türkiye is one of the top 10 milk producers worldwide, according to the Turkish National Dairy Council (Ulusal Süt Konseyi - USK) but the country’s dairy sector has been impacted over the past two years by high inflation and the depreciation of the Turkish lira (1). Production is slowly rebounding, with demand driven by the country’s growing population and new export markets.  

“Until the Covid pandemic the dairy sector was growing really well, then it started to decrease due to inflation and other issues, and has not really recovered,” said Shirley Kaston, co-founder of the Kök Projekt, a food start-up accelerator and consultancy in Istanbul.  
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Chinese Yuan. Photos Credit: Mussi Katz

CHINA CRACKING DOWN ON WEAK AUDITING OF ACCOUNTING CRIME

Major companies in China are under tightening scrutiny for accounting fraud, with major audit firms facing punishing penalties for turning blind eyes. Keith Nuthall, Jens Kastner and Sara Lewis report. 

The Chinese auditing unit of accounting giant PwC has been fined a record Chinese Yuan Renminbi CNY441 million (USD62.7 million) and banned from auditing in mainland China for six months after a regulator concluded it had “covered up and even condoned” fraud.

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ASIAN PAINT REGULATORY ROUND UP – INDONESIAN EXTERIOR PAINT STILL USES LEAD, WARNS WORLD BANK 

A World Bank study released in October revealed that 58% of Indonesian households with visible interior paint still use products containing lead, posing significant health risks, especially to children under five. An estimated 10.2 million young Indonesian children live in homes with lead-based paint, with 14% of them at heightened risk from deteriorating paint conditions, according to the report.

It said 77% of popular paint brands on sale in Indonesia exceed safe lead levels, contributing to long-term health issues such as reduced IQ, neurological disorders, and cardiovascular problems. 
 
The country’s industry ministry denied the report’s claims, stating that Indonesia’s decorative paints meet national standards, which limit lead content to below 90 parts per million (ppm), in line with World Health Organisation (WHO) recommendations. 
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Countries of central Asia. Image Credit: https://commons.wikimedia.org/wiki/File:Flag_map_of_central_asia.png

ASIAN PAINT REGULATORY ROUND UP – VIETNAM EXPANDS IMPORT SAFETY CONTROLS TO ALL CHEMICAL INPUTS 

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.

Under current regulations, only certain chemicals must be declared when imported, leading to the possibility of many dangerous and toxic chemicals imported into Vietnam. The MOIT explained that this weakness was especially relevant for new chemicals imported into Vietnam for the first time, impeding the government’s ability to update the list of chemicals that must be declared, hindering the identification of new chemicals, needed to apply management and safety procedures. 
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CANADIAN GOVERNENT CONFIRMS 2035 ZERO EMISSION VEHICLE DEADLINE, BUT INDUSTRY IS SKEPTICAL



The Canadian auto industry has reacted with skepticism to the launch of final zero emission vehicle (ZEV) sales mandates released by its federal government today (Tuesday Dec 20), warning it needed to do more to pump prime demand, especially for electric vehicles (EV) (1).…

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UNESCO-BACKED DEBATE AT COP-28 TOLD UNIVERSITIES SHOULD PURSUE CLEAR AND TARGETED SUSTAINABILITY POLICIES



Practical programmes and strategies that enable universities and colleges to drive forward sustainable practices and knowledge to fight and manage climate change are increasingly needed, a UNESCO-sponsored workshop heard this week in Dubai.

Staged on Wednesday (December 6) as the United Arab Emirates hosts the COP28 conference of the United Nations Framework Convention on Climate Change (UNFCCC) this month, HE experts stressed such work needs to extend to less economically developed countries.…

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EUROPEAN TEXTILE MANUFACTURERS CALL FOR COMPETITIVENESS TEST TO KEEP INDUSTRY CREATIVE



European textile companies increasingly overburdened by regulation say each new piece of European Union (EU) regulation they face should be assessed on the grounds of how it helps industry succeed in an increasingly competitive market. They say more should be done to boost a sector that employs 1.3 million workers in 192,000 companies and provides more than EUR67 billion’s worth of exports to the 27-country bloc, according to the European Apparel and Textile Confederation (Euratex).…

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EUA ROAD MAP OFFERS GUIDANCE FOR CAMPUS SUSTAINABILITY CHANGES THAT MIGHT INSPIRE UNIVERSITIES WORLDWIDE



The European University Association (EUA) has been preparing higher education institutions for increased sustainability requirements as governments implement new commitments made at the COP28 UN Climate Change Conference, staged in December in Dubai.

It has been encouraging its 850 members, including 34 national rectors’ conferences, to follow its new EUA ‘Green Deal roadmap for universities’, which outlined policies and actions which can help universities follow a climate-neutral, environmentally sustainable, and socially equitable path.…

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JAPAN PAINT SECTOR STRUGGLES TO SELL TO PRIVATE CONSUMERS, BUT B2B SEGMENT IS ROBUST



Japanese paint manufacturers are facing challenging times – reducing costs where possible as the price of inputs rise, to reduce pressure on final product pricing as they deal with a local consumer market with declining consumption. Economic pressures caused by geo-political turbulence and the weak Japanese yen are both creating challenges, according to industry experts.…

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