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.
PARTS MAKERS WORLDWIDE FACE LOSS OF BUSINESS DURING TRANSITION TO EVs
Auto parts manufacturers worldwide are assessing the impact on their businesses of the shift to electric vehicles (EVs) from internal combustion engines (ICE), given EVs need fewer components, reducing demand. Most assessments say that there are about 20 moving parts in an electric engine, compared to 2,000 in an ICE (1).…
ASIAN PAINT AND COATING REGULATORY ROUND-UP – NEW ZEALAND PLANS TO SLASH LEAD CONTENT IN PAINTS
The New Zealand Environmental Protection Authority (EPA) has called for comments on planned reductions to allowable lead levels in paints, and in art materials such as chalk, crayons, and felt-tip pens.
The country’s current lead level limit for paint is 0.1% (1,000 parts per million/ppm) and the proposed changes would reduce this to 0.009% (90ppm), in line with countries including Australia, Canada and the United States, the EPA said in a note.…
FLEXIBLE PACKAGERS FACE DEMANDING DESIGN AND SUSTAINABILITY CHALLENGES
Demands on flexible packaging designers to help products stand out on shelves while ensuring maximum protection for products and sustainable environmental credentials are a tough mix of requirements for packaging makers – but they are succeeding in delivering these goals.
There are many choices for innovators in the sector.…
TALLOW SALES EXPECTED TO GROW, DESPITE SOME PUSHES AGAINST MEAT PRODUCTION
The global market for tallow, traditionally a common ingredient in the production of soaps, detergents, and lubricants, is undergoing considerable movement, driven by rising consumption of meat products coupled with the rising usage of tallow in the pharmaceutical, cosmetic, biofuels and feeds industries.…
IRAN SANCTIONS EVASION PERSISTS AS UN-BASED NUCLEAR RESTRICTIONS LAPSE
Implementing international sanctions is never easy, but the sanctions regime on Iran is highly complex, buffeted by shifting diplomatic stances. With its Security Council ally Russia relying on Iranian military and technology supplies for it to pursue its invasion of Ukraine, time-limited UN restrictions on Iran’s nuclear programme officially lapsed on October 18.…
MONEY LAUNDERING RISKS INCREASING, SAYS BASEL INSTITUTE
The risks of money laundering and terrorist financing (ML/TF) are increasing globally, according to the 2023 edition of the Basel AML Index (1), mainly through a “concerning” drop in the effectiveness of AML/CFT systems, indicated by Basel Institute on Governance analysis of Financial Action Task Force (FATF) data.…
FATF RELEASES CROWDFUNDING TERROR ABUSE WARNING AS HAMAS ACCUSED OF ABUSING SYSTEMS IN ISRAEL ATTACK
FATF has released detailed guidance on how crowd-funding networks can be abused by terrorist groups, as US FIU FinCEN has warned these have been abused by Gaza-based terror group Hamas, following its massacre and abduction of Israeli and foreign nationals on October 7 (1).…
FATF REVISES GUIDANCE TO PREVENT EXCESSIVE CFT CHECKS ON CHARITIES WITH LOW RISK OF ABUSE BY TERRORISTS
FATF has reformed its recommendation 8 on the terrorist financing abuse of non-profit organisations (NPOs) to ensure that many charities, associations, trade unions, research units and advocacy groups are not targeted by CFT action. It has defined the kind of non-profits that governments should assess for potential TF abuse to better focus such law enforcement, limiting it to non-profits that raise or disburse funds, including spending it on good works.…
EUROPEAN COMMISSION LISTS PEPS EU-WIDE
The European Commission has published an extensive list (1) of the European Union’s (EU) politically exposed persons (PEPs) who should be subject to greater due diligence in banking and other transactions. The list covers functions, not individuals, in the bloc’s 27 member states and the EU’s own institutions.…
ESQUEL’S INTEGRAL EVENT EXPLORES SUSTAINABLE FASHION
Hong Kong-based shirtmaker Esquel has been developing natural dyes to boost its sustainability, seeking similar quality colours and fastness to dyes based on artificial finishing chemicals. These innovations were explained during the company’s annual Esquel Integral Conversation event, tis year held on October 26, as usual in Guilin, southern Chinaat Esquel’s Integral Sustainable Development Garden.…