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.
UK NATIONAL FRAUD INITIATIVE DATA MATCHES STOPPED GBP442 MILLION’S WORTH OF FRAUD AND ERROR SINCE 2020
The UK’s National Fraud Initiative (NFI) has helped prevent, detect or recover some GBP442.6 million (USD548.58 million) fraud and error through data matching UK-wide in the period April 5, 2020, to March 31, 2022, according to the latest report (1). This brings the total fraud and error losses saved since its creation in 1996 to GBP2.4 billion (USD2.97 billion).…
SUNNY AFRICA’S SOLAR POWER STRENGTHS COULD UNDERPIN SUSTIANABLE ECONOMIC DEVELOPMENT
International solar energy providers are finding business opportunities in Africa as national governments and their development agency partners try to foster growth while targeting the United Nations’ Sustainable Development Goal 7 (SDG), which encourages access to affordable, reliable, sustainable, and modern energy for all by 2030 (1).…
SOUTH AFRICA’S DIGITAL PRINTING SECTOR
The sales and production of South Africa’s digital textile printing sector has largely rebounded back to pre-Covid 19 levels, but business is focused on small and medium-sized orders, with local finishers unable to compete on scale with lower cost Asian producers.…
FOR CHANGES TO NEW EU PACKAGING CONTROLS
The European Union (EU) food and drink industry is preparing to lobby to improve reforms proposed by the European Commission to EU packaging and packaging waste legislation. Industry association FoodDrinkEurope has said they will “require significant improvements to be workable”. In particular, the association is concerned about mandates within a proposed regulation that food and drink companies ensure growing proportions of their packaging be made refillable or reusable.…
HUNGARY’S DAIRY SECTOR GETS SHOT IN ARM FROM CAP PLAN FINANCINGHUNGARY’S DAIRY SECTOR GETS SHOT IN ARM FROM CAP PLAN FINANCING
THE HUNGARIAN dairy industry and supporting government officials are looking ahead to incoming financial support from the European Union (EU) now that the European Commission has approved the country’s Common Agricultural Policy (CAP) strategic plan for 2023-2027. This has cleared the way for a ЕUR8.4 billion transfer in funding from Brussels, despite the friction between the EU and the Hungarian government, led by populist right-wing Prime Minister Viktor Orbán.…
TECHNICAL ROUND UP – IASB RELEASES FORMAL PROPOSALS TO SUSPEND INCOME TAX REPORTING STANDARD BECAUSE OF BEPS
The International Accounting Standards Board (IASB) has formally proposed amendments to IAS 12 Income Taxes to take account of ‘Pillar 2’ of the OECD’s BEPS tax model, suspending rules on accounting for deferred taxes, while its implications are assessed. The IASB has acted because the European Union (EU) in December agreed a directive to make Pillar 2 compulsory in the EU – telling multinationals (and large domestic companies) to pay 15% minimum tax rates in member states where they trade.…
BREXIT DECISION CONTINUES DAMAGING FOR CAN INDUSTRY, SAY EXPERTS
THE UNITED Kingdom’s final exit from the European Union (EU) on December 31, 2020, after an 11-month transition period, has fulfilled predictions of disruption to the British and European can manufacturing industry, experts have told CanTech international. Indeed, feelings over Breit remain raw – one senior industry specialist, preferring to remain nameless, dubbed Brexit as, “the most stupid decision ever taken by UK politicians”.…
DIGITAL TEXTILE PRINTING GAINING GROUND IN VIETNAM
South-east Asia has long appreciated the need to improve efficiency and sustainability in its finishing, especially as it seeks to compete with China, whose rising costs and supply chain disruption caused by Covid-19 has created openings for neighbouring manufacturing hubs.
Vietnam is a case in point, having long been a major textile production centre, and one that is expanding said data from the Vietnam Textile and Apparel Association (VITAS) showing a 12% year-on-year turnover rise in 2022 to USD44 billion.…
FTX COLLAPSE MAY PROMPT CREATION OF GLOBAL CRYPTO-EXCHANGE REGULATION
The collapse of crypto-trading platform FTX and its associated hedge fund Alameda Research may help spark the creation of a global regulatory regime to monitor crypto-currency exchanges. Keith Nuthall reports.
The FTX Group’s November 11 filing for US Chapter 11 bankruptcy sent shockwaves through the global crypto-currency market and should encourage the development of international regulation to control this unstable industry.…
INTERNATIONAL REGULATORY ROUND UP – NEW CAP NATIONAL PLANS TARGET SUGAR PRODUCTION AND DEMAND
Sugar production and consumption are being targeted for spending in new national Common Agricultural Policy (CAP) plans approved by the European Commission as part of a new process to secure European Union (EU) food production funding. With EUR53 billion spent in 2022 alone, this is the EU’s largest spending programme.…