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.
ARGENTINA VALUES DIGITAL TEXTILE PRINTERS – BUT TEXTILE FINISHERS STRUGGLE TO AFFORD THEM DURING STEEP RECESSION
While Argentina’s textile industry is poised for growth over the next few years, the expansion of its use of digital printing will probably lag as companies recover from a deep recession in 2020 caused by Covid-19 and underlying economic weakness, executives said. …
EU DAIRY SECTOR FIGHTS THROUGH COVID-19, BUT GATHERING POLITICAL STORM CLOUDS THREATEN INDUSTRY HEALTH
THE EUROPEAN Union (EU) dairy sector has been riding out the Covid-19 crisis, despite weak raw milk prices, although looming political challenges regarding the EU budget and Brexit makes its future uncertain.
Pekka Pesonen, secretary general for EU farmers’ federation Copa-Cogeca, warned: “Producer prices have not yet seen an upward trend.”…
NORDIC BEAUTY MARKET HIT BY COVID-19, BUT FUNDAMENTAL STRENGTHS REMAIN
THE NORDIC region’s beauty market has, like every other country, been hit by the Covid-19 pandemic. However, the stability of societies in Norway, Sweden, Finland, Denmark and Iceland has meant that their retail sectors have avoided some of the chaos linked to the health emergency that that has harmed other markets.…
GROWING RENEWABLE ENERGY SECTOR FEEDS SPECIALIST LUBRICANTS BUSINESS
Enormous forces act on renewable energy system’s mechanical parts when generating power from wind and water. Between the smooth operation and potential loss of multi-million-dollar investments stand gear lubricants. Lubricants are also needed for the hydraulics that pitch the blades a few degrees every time the wind, or the water current, changes. …
UK-LINKED OFFSHORE FINANCIAL CENTRES PREPARE TO OPEN BENEFICIAL OWNERSHIP REGISTERS TO THE PUBLIC BY 2023
SLOWLY, but surely, the UK’s associated offshore financial centres are moving towards opening public beneficial ownership registers, probably by 2023. But much detailed work will be undertaken first, to ensure they work efficiently. Keith Nuthall reports.
The dominos are falling.…
ROBOTICS AND VITRUAL TECH OFFERS MORE SAFETY IN A DECARBONISING OIL AND GAS INDUSTRY
Offshore oilfield development options enabled by new technologies can boost safety and efficiency even before The possibility off processing moving subsea becomes reality. Indeed, the idea of reducing the number of personnel on board (POB) to conduct operations, maintenance and intervention in the offshore oil and gas industry has been attracting renewed interest since the 2014–2016 oil price slump, and again in the industry fallout from the 2020 Covid-19 pandemic.…
CHINA UNDER INCREASING PRESSURE TO BOOST ML CONTROLS
With China turning from capital inflow to outflow amid Chinese companies’ global expansion programs, Chinese financial institutions are facing closer anti-money laundering scrutiny, as they, too, expand globally. Indeed, China’s top five banks had 1, 270 overseas branches at the end of 2017 (according to FATF (the Financial Action Task Force).…
NEW FATF PRESIDENT WANTS TO EXPAND ORGANISATION’S ENVIRONMENTAL CRIME SCOPE WHILE BEEFING UP ITS AML FINTECH ADVICE
THE NEW president of FATF, who took office on July 1, is planning to expand the global AML’s current focus on wildlife trade offences to other environmental crime, such as illegal logging, slash-and-burn cultivation and unlawful waste disposal.
Speaking to the MLB on July 2 in his first media interview after taking on this new role, Dr Marcus Pleyer, from Germany, stressed that the United Nations Environment Programme (UNEP) has said illicit proceeds from environmental crime could total USD259 billion annually worldwide.…
EGMONT GROUP SHARPENS ITS TECHNOLOGICAL EDGE AS IT EXPANDS COLLABORATION BETWEEN FIUS AND EXTERNAL CRIME FIGHTERS
THE EGMONT Group, the international network of financial intelligence units (FIU), is focusing on improving how its central resources and members use and interact with new technology. Interim Egmont Group chair, Hennie Verbeek-Kusters, told MLB that the group is reviewing its IT systems, of critical importance regarding the safe and encrypted exchange between its 164 member FIUs (there were 22,538 such exchanges in 2017, the most recent available data).…
FATF CONFIRMS STAY OF BLACKLISTING EXECUTION FOR ERRING AML/CFT JURISDICTIONS BECAUSE OF COVID-19
THE FINANCIAL Action Task Force (FATF) has confirmed high risk AML/CFT jurisdictions on its grey and black-lists have another two months to sort out their AML/CFT weaknesses because of COVID-19 – consideration of further blacklisting and additional measures will be postponed until that deadline.…