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.
INTERNATIONAL REGULATORY ROUND UP - CAOBISCO APPEALS TO BRUSSELS AND WASHINGTON TO END FOOD TARIFF WAR OVER AVIATION SUBSIDIES
EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…
ICAO SAYS ATM TECH CAN HELP THE AVIATION SECTOR RECOVER FROM COVID-19, BUT CAN INDUSTRY AFFORD INVESTMENTS?
THE INTERNATIONAL Civil Aviation Organisation (ICAO) is promoting digital technologies within air traffic management systems to shore up the efficiency of a global civil aviation sector severely disrupted by Covid-19. But there is doubt about whether these investments will be made by a pandemic-hit industry.…
EU CHEMICALS PLAN COULD TIGHTEN RULES ON CAN COATINGS
EUROPEAN Commission plans for new European Union (EU) chemicals regulations could lead to tighter rules on the formulation of can coatings used or made in the EU, which are used to prevent corrosion and extend shelf life.
The Chemicals Strategy for Sustainability (CSS), published October 14, says the Commission intends to eliminate from food contact materials (FCMs) -which would include cans and their coatings – carcinogenic, mutagenic, reprotoxic and endocrine-disrupting substances, as well as those that persist and accumulate in the environment or the body.(1)…
COVID-19 PUSHES SMALL IRISH BUSINESSES TO THE LIMIT – BUT VIABLE FIRMS HAVE BEEN DIGITISING ACCOUNTS TO SAVE MONEY
The COVID-19 pandemic has decimated revenues at many Irish small-and medium-sized enterprises (SMEs) but it could also prove a crucial period in the embrace of digital technology by firms. Irish SMEs are facing a collective annual revenue shortfall (where income fell below expenditure) of between EUR10.3 and EUR11.7 billion in 2020 due to the virus, according to research by the Central Bank of Ireland.…
SECRETS OF A WINNING DUAL-CAREER ACCOUNTING COUPLE MODEL IN THE UAE
ACCA members Danish Sange and Amina Rafi reveal how their marriage has accelerated their professional growth and advanced their careers.
It is tough to separate work and home when you are married to someone with a similar profession.
But setting these boundaries has helped Danish Sange, manager at PwC Middle East, and his wife Amina Rafi, audit senior at Deloitte Middle East, make the most of their relationship.…
MAURITIUS ACCOUNTING LECTURER SAYS ACCA UNLOCKS POTENTIAL FOR ACCOUNTANTS TO HELP BUILD SOCIETIES AND GOVERNANCE
Matthew Lamport could have been an auditor at a big accounting firm in his native Mauritius. However, he chose an academic career at the University of Mauritius, teaching for the past 18 years as a senior lecturer at the university’s finance and accounting department.…
INTERNATIONAL TECHNICAL UPDATE –
The International Federation of Accountants (IFAC) has released a white paper saying that the accounting profession needs to learn from the challenges of Covid-19, investing in boosting communication skills. This will enable accountants to be more effective pro-active trusted partners with their clients, able to adapt to flexible and remote working even after the pandemic subsides.…
COVID-19 INSPIRES INNOVATION IN ONLINE REMOTE AML/CFT TRAINING
COVID-19 and the expansion of home-based working it has forged has posed significant challenges to AML/CFT training and mentoring. As a result, vendors, AML bodies and experts have been developing new services and strategies to ensure that AML officers keep their skills honed during the pandemic.…
UK GOVERNMENT NOVEL AML/CFT LEVY RAISES CONCERN AND MAY STRUGGLE TO SECURE INDUSTRY SUPPORT
THE QUESTION of whether governments should charge AML/CFT levies on designated professions and financial institutions to help fund public agencies fighting dirty and terror money flows is a sensitive topic, given STR designation already imposes operational costs on such businesses. Indeed, they may also have to pay for membership of bodies who assess their AML/CFT performance and of course fund government AML/CFT work through general taxation.…
EU ROUND UP - PAINTS AND COATINGS IMPORTED INTO THE EU LIKELY TO BREAK EUROPEAN SAFETY CONTROLS, CLAIMS ECHA
A SURVEY has concluded that 23% of inspected products imported into the European Union (EU) made with chemicals, including paints and coatings are breaking EU REACH and CLP (classification, labelling and packaging) rules. A European Chemicals Agency (ECHA) probe has concluded: “Some imports contained illegal amounts of hazardous substances that are restricted in the EU, while others had incorrect hazard labelling.”…