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.
EU/WTO REGULATORY ROUND UP – GLOBAL DEAL ON FOOD TRADE STILL TARGETED AT WTO
Global negotiators continue to chase the dream of an international agreement on trading food and drink products, despite talks having continued, without agreement, since 2001. That was when the World Trade Organisation (WTO) Doha Development Round of talks were launched, with the key goal of revamping the WTO agreement on agriculture, which covers food and drink.…
AI AUDIT SYSTEMS GROW IN PROCESSING POWER, BUT EXPERTS SAY THEY MUST BE HANDLED CAREFULLY
The use of artificial intelligence (AI) to better detect fraud during audits has been welcomed by anti-fraud professionals, major accounting practices, IT vendors and researchers, but experts also warn that AI needs be used carefully, especially regarding false positives.
An Association of International Certified Professional Accountants blog released in July 2022, cited a Maryland, USA, auditor Samantha Bowling, many of whose clients are non-profits guarding their reputation for probity.…
CHATGPT AND ITS VARIANTS OFFER COMMERCIAL CRIMINALS NEW WEAPON – BUT COMPANIES CAN USE AI FOR SECURITY TOO
The public deployment of large language models (LLMs) such as AI chatbot ChatGPT present potential crime risks, particularly for online fraud and cybercrime, as Europol has warned. On the flipside, such systems are bolstering the capabilities of AI to ward off cybercrimes, and to decipher what is real and what may be a deep-fake.…
IMPLEMANTAION OF ESG CRITERIA CAN CONTRIBUTE TO LONG TERM SURVIVAL AND SUCCESS - GCC ARE SUGGESTING TO THEIR BUSINESS
An ACCA co-hosted conference in Dubai has heard how today, Gulf Cooperation Council (GCC) bloc companies should not view meeting ESG (environmental, social, governance) standards as an optional add-on, which may help marketing, but as a prerequisite for commercial long-term survival.…
IRELAND’S CAN FILLING SECTORS FACE UP TO MANDATORY RECYCLING REGIMES
A new national mandatory recycling regime announced last November (2022) (1) being introduced by Ireland’s government has local breweries shying away from canned beer formats.
“We wouldn’t consider cans now because the DRS [deposit return scheme] scheme is punitive in its execution,” said Richard Siberry, founder, GM and head brewer of Roscommon-based Black Donkey Brewing, a craft brewer with nationwide sales.…
DEDICATED TEAM NEEDED TO PREPARE FOR CBAM, SAY EU ACCOUNTING EXPERTS
The European Union’s (EU) new Carbon Border Adjustment Mechanism (CBAM) regulation (1) will challenge importers of greenhouse gas emissions-intensive goods, who must pay and administer a complex environmental levy. KPMG the Netherlands’ senior tax manager Nicole de Jager and tax lawyer Merijn Betjes told Accounting & Business (A&B), affected companies will have to “create a core team to manage this topic and perform an impact assessment,” to determine strategies.…
EARLY GLOBAL DATA SUGGESTS USED-EV MARKET IS TAKING SHAPE
While all eyes are on headline investments into conversions of major auto plants for EV production, a key sign that this market is maturing is emerging – the growth of used-vehicle sales for the electric transmission segment. Data from US-based industry consultant Cox Automotive released on April 7 said that American used-EV retail sales via licensed dealerships increased 32% in Q1 2023 year-on-year to 42,753 units.…
STELLANTIS TURNS HISTORIC FIAT PLANT PRODUCTION PLANT INTO TRAILBLAZING EV CLUTCH FACILITY
Auto major Stellantis is building a major EV clutch transmission operation at its 2 million square meters Italian production plant – the historic former Fiat Mirafiori factory, in Turin – which will make 600,000 devices annually
Mirafiori will make electrified dual-clutch transmissions (eDCT) for hybrid and plug-in hybrid electric models sold across Europe from H2 2024 at Mirafiori – also the site of a new recycling plant as Stellantis shifts towards a circular economy model. …
MALI BUILDS NEW CENTRAL UNIVERSITY LIBRARY TO AID LEARNING AND PROTECT VALUABLE ISLAMIC TEXTS
A new Central University Library of Mali, serving higher education institutions across this Sahel and Sahara country, will house thousands of ancient Islamic texts, including some removed from Timbuktu in 2013, to save them from destruction at the hands of Islamist militants.…
JAVICE CHARGED OVER USD175 MILLION FRANK FAKE CLIENT FRAUD
The founder of a shuttered New York-based student loan assistance company Frank, is facing both civil and criminal charges in parallel cases brought by the United States Securities & Exchange Commission (SEC) and Department of Justice (DoJ). These cases focus on alleged fake customer numbers used to clinch the USD175 million sale of the company by founder Charlie Javice to JPMorgan Chase Bank (JPMC) in 2021.…