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.
EV ADHESIVES SECTOR SET FOR EXPLOSIVE GROWTH IN 2020s
The global electric vehicle (EV) adhesives market set to grow almost tenfold in the next four years, according to research analysts Markets and Markets, citing the increasing variety of bonding products offer “myriad of uses”.
In a report published last October (2019), it said annual global sales would reach USD223 million in 2019, growing to USD2.15 billion by 2024.…
EUROPEAN PARLIAMENT-COMMISSIONED REPORTS CALL FOR INDEPENDENT EU ETHICS BODY
Two studies unveiled before members of the European Parliament (MEPs) on November 19 in a joint meeting of the constitutional affairs and legal affairs committees have concluded that the European Union (EU) needs an independent ethics body. In his EP commissioned study ‘Strengthening transparency and integrity in the EU institutions by setting up an independent EU ethics body’, (1) Austrian management professor Dr Markus Frischuut suggested the body should have around seven ruling members and 50 staff. …
CANADA AUTO DEALERS CALL FOR COORDINATED RULES ON COMBUSTION VEHICLE PHASE-OUT AS QUÉBEC PLANS 2035 BAN
THE CANADIAN automobile sector has called on the country’s provinces to better coordinate efforts to increase demand for electric vehicles. This follows the Québec government announcing a ban on local sales of new combustion-driven cars, SUVs and pick-ups from 2035.
While the ban would not apply to most commercial vehicles and used-auto sales, and hybrid sales and use might still be allowed, Brian Kingston, the new president and CEO of the Canadian Vehicle Manufacturers’ Association (CVMA), fears this policy might not achieve its goal: to promote EV sales: “You need a plan, not a ban,” he told wardsauto.…
EUROPEAN COURT OF AUDITORS CALL FOR SIMPLIFIED EU SPENDING PROCEDURES TO ROOT OUT FRAUD AND ERROR
THE EUROPEAN Union’s (EU) financial watchdog has stressed how the EU needs to simplify its spending systems, which would make fraud is tougher to commit and easier to detect. The EU Court of Auditors has formally issued an ‘adverse opinion’ on the audited expenditure during 2019 of the 27-country union.…
DEFUNCT AIRLINE SERVICE COMPANY TO PAY OUT NEARLY GBP3 MILLION UNDER LUFTHANSA BRIBES DPA
Former aircraft refitting company, Airline Services Limited (ASL), is to pay out a total GBP2,979,685 (USD3.87 million) under a deferred prosecution agreement (DPA) with the UK Serious Fraud Office (SFO) over bribes paid to German national carrier Lufthansa. The pay-out consists of a GBP1,238,714 (USD1.6 million) fine, a GBP990,971 (USD1.29 million) disgorgement of profits gained from the criminal conduct and a GBP750,000 (USD974,359) contribution to the SFO’s costs.…
REUSING ELECTRIC VEHICLE BATTERIES CAN HELP RENEWABLE ENERGY
WHILE projections for sales of electric vehicles (EV) vary, all predictions agree that this market will explode in size in the next few years. An International Energy Agency (IEA) model for instance has suggested 245 million EVs will be driven worldwide by 2030. …
NEW EU PUBLIC PROSECUTOR CALLS FOR GOVERNMENTS TO STEP UP TO THE PLATE ON EPPO
The European Chief Prosecutor (ECP) of the embryonic European Public Prosecutor’s Office (EPPO) has challenged the 22 European Union (EU) states (1) that have signed up to an enhanced cooperation pact underpinning its existence to properly fund the new institution. Without enough money, the EPPO will not be effective, ECP Laura Codruţa Kövesi told Fraud Intelligence.…
INDUSTRY LEADERS CRITICISE MEPS’ DAIRY PRICE PROTECTION PLAN
Dairy industry leaders have criticised European Parliament proposals to publish the names of those using the European Union’s (EU) storage aid scheme for powdered milk and butter as the EU reforms its Common Agricultural Policy (CAP).
The European Commission protects producers when dairy prices crash through CAP fixed price purchases of limited quantities of butter and skimmed milk powder (SMP), which can be stored longer than milk.…
AUSTRALIA’S BRIBERY AND MONEY LAUNDERING LEGISLATION: SLOW UPTAKE OF INTERNATIONAL STANDARDS
DESPITE Australia’s uninterrupted economic growth since 1991 ahead of the Covid-19 pandemic, lax rules on bribery and money laundering have dented its government’s reputation. Reforms to the country’s foreign bribery and commercial crime laws are on the horizon and there is talk about lawyers, accountants and real estate agents having to report on suspicious transactions, but progress has been painstakingly slow.…
COSMETICS REPRESENTATIVES SAY EU CHEMICALS PLAN COULD OUTLAW HARMLESS PRODUCTS
PERSONAL care product industry representatives have criticised European Commission plans to table new toxic chemicals regulations, which they warn could outlaw use of some cosmetics ingredients even at safe levels.
The Commission’s Chemicals Strategy for Sustainability (CSS), published October 14, said the European Union (EU) executive plans to eliminate from cosmetics and other products carcinogenic, mutagenic, reprotoxic (CMR) and endocrine-disrupting substances.…