Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
SOIL ASSESSMENT TECHNOLOGY WILL HELP FARMERS COPY WITH CLIMATE CHANGE
Climate change, coupled with a greater post-Brexit UK government emphasis on schemes such as the Sustainable Farming Incentive, which includes payments support the sustainable management of soils, means the need for high-quality soil analysis, utilisation and innovation is greater than ever.…
MOROCCO CLOTHING INDUSTRY PUSHING AHEAD WITH MODERNISATION, DESPITE EARTHQUAKE
The Morocco textile and clothing industry is forging ahead with expansion and modernisation plans despite the September 8 earthquake that killed 2,900 people and could cause up to USD10 billion’s worth of damage, according to the US Geological Survey (USGS).…
TECHNICAL ROUND UP – CALIFORNIA PASSES SUSTAINABILITY REPORTING LAW
California has passed a Climate Corporate Data Accountability Act, which would require US-based companies doing business in the state with more than USD1 billion in annual revenues to file annual reports publicly disclosing their Scope 1, 2 and 3 greenhouse gas emissions.…
POTENTIAL EU DUTIES ON CHINESE BEV IMPORTS WOULD HIT TESLA, BMW AND RENAULT
Sales in Europe of China-built electric vehicles (EVs), such as Tesla Models 3 and Y, BMW iX3 and Renault Dacia’s Spring, could all be hit if the European Union (EU) slaps proposed countervailing duties on cheap battery electric vehicles (BEV) made in China.…
DAIRY COMPANIES COMPETE IN THE VEGAN CHEESE MARKET
Manufacturers, including major dairy producers, and retailers are increasingly innovating and investing in the growing market of plant-based cheese, to meet expanding consumer preferences for healthy and sustainable products.
According to data shared by UK-based market research firm Euromonitor International, global retail sales of plant-based cheese have been growing from USD584.6 million in 2020 to a projected USD896.3 million in 2023, Regionally, North America is the main market with projected USD443.2 million in sales in 2023, followed by western Europe with USD385.4 million eastern Europe is much lower with a projected USD13.5 million in sales for 2023.…
USING AI TO DETECT AND FIGHT TRADE-BASED-MONEY LAUNDERING
As artificial intelligence (AI) systems advance, detection of trade-based-money laundering (TBML) should improve, but there are major drawbacks to widespread implementation, notably though a dearth of available trade data, and poor statistical harmonisation worldwide. Paul Cochrane reports.
Artificial intelligence (AI) and machine-based learning has been used for the past decade by financial institutions to sift through vast amounts of data to spot anomalies as well as verify information.…
QUEBEC GIGABATTERY PLANT EXPANDS CANADA’S EV FOOTPRINT
A third major electric (EV) battery plant will be built in Canada – this time in Québec, just east of Montréal, rather than Ontario – being run by Sweden-based Northvolt, with 60GWh of annual cell manufacturing capacity. It may not be the last EV major supply chain investment in the country, say industry leaders.…
FINCEN PREPARES FOR USA UBO REGISTER LAUNCH AS NEW YORK MULLS STATE PUBLIC DATABASE
American FIU FinCEN has been finalising arrangements for a January 1 deadline for private corporations, companies and businesses operating in the USA to start collecting beneficial and filing ownership information with the agency. While reporting companies created or registered before January 1, 2024, will have until January 1, 2025, to file their initial reports, FinCEN has proposed easing demands on businesses created next year (2024), extending their deadline for filing BO information on owners with 25% or more control to 90 days, than the 30 days mandated under previous rules, Companies being created in 2025, however, will face 30 days filing terms (1).…
EUROPE PURSUES MULTI-POLICY APPROACH TO FIX SUSTAINABLE ENERGY GROWTH
While energy price rises have started levelling off after 2022 steep inflation, the need to boost sustainable electricity capacity in Europe, carried by strengthened transmission networks, boosting security of supply against unreliable partners such as Russia and further reduce carbon emissions, is becoming ever more pressing.…
CAYMAN ISLANDS ON CUSP OF BEING REMOVED FROM FATF GREY LIST
The Cayman Islands is on the cusp of being removed from the FATF (Financial Action Task Force) grey list, where it has languished since January 2021, after it completed 63 reforms required by the global AML body. A final inspection by FATF officials was staged this month (September) (1), with the British overseas territory looking to be removed by the next FATF plenary in October (2023).…