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.
EUROPE’S TEXTILE COMPANIES CUT WATER USE TO LOWER ENERGY COSTS AND PREPARED FOR FUTURE WATER SCARCITY
European textile companies are working to ensure that future water scarcity problems will not affect their operations, notably by cutting water consumption and installing high quality waste treatment facilities, European Union (EU) experts have told World Textile Information Network (WTiN).
According to EU statistical agency Eurostat’s regional yearbook 2022 (1), EU water scarcity – chiefly seen in southern Europe, with Portugal’s textile industry particularly affected – is primarily driven by climate change and excessive water consumption.…
CANADA AND USA MAY BE NORTH AMERICAN PARTNERS, BUT TRIMS AND MODELS CAN VARY BY MARKET
Canada and the USA may have one of the world’s most integrated auto sectors, with 2021 passenger vehicle imports into Canada from the USA worth USD27.8 billion and exports to the USA worth USD26.5 billion, yet trims and models can differ in either market.…
TECHNICAL ROUND UP – ISSB SAYS SUSTAINABILITY REPORTERS MUST COLLECT DATA ON DIRECT AND INDIRECT EMISSIONS
The International Sustainability Standards Board (ISSB) has approved key technical decisions about the operation of its first two proposed sustainability-related disclosure standards, on general and climate-related disclosures – insisting that all direct and indirect greenhouse gas emissions are declared. That means that ‘scope 1’ direct emissions from a company; ‘scope 2’ indirect emissions from electricity purchased and used; and scope 3 indirect emissions from across a company’s the value chain will be measured and declared under ISSB-authorised statements.…
SOMALIA AND INTERNATIONAL COMMUNITY MAKE TANGIBLE PROGRESS IN FIGHTING MARITIME PIRACY
The United Nations has let its authorisation for foreign actors to fight maritime piracy in Somalia’s territorial waters lapse, because its government and backers have become more effective in fighting this criminality. Ramadhan Rajab reports.
The UN Security Council’s decision to let Somalia take care of its own piracy problem does not mean shipping companies can rest easy about attacks off Somalia, but it does indicate its government is taking control of the problem.…
EU MINISTERS AGREE MEMBER STATES MUST DO THEIR PART IN FIGHTING FARM FRAUD
The European Union (EU) Council of Ministers has told its member states that it expects their governments to actively combat fraud in spending under the EU Common Agricultural Policy (CAP). That this is an ongoing problem was highlighted in a report for the EU’s financial watchdog the Court of Auditors issued in July (1).…
MINING MAJOR GLENCORE TO PAY GBP280 MILLION IN UK FINES OVER AFRICAN OIL BRIBERY
International and Switzerland-based mining major Glencore has settled UK bribery cases brought by Britain’s Serious Fraud Office (SFO), accepting a GBP280.9 million (USD314.5 million) penalty ordered by Southwark Crown Court, London.
This followed an SFO investigation revealing that Glencore Energy UK had paid USD29 million in bribes to gain preferential access to oil in Africa between 2011 and 2015.…
EX THERANOS BOSS HOLMES JAILED FOR OVER 11 YEARS FOR FRAUD
The former CEO of US medtech company Theranos, Elizabeth Holmes, has been sentenced to 11 years and three months imprisonment plus three years of supervised release once she leaves prison, after being convicted in January of four counts of fraud and conspiracy.…
CRYPTO FRAUD LEAPS 32% IN YEAR IN UK TO HIT GBP226 MILLION
The value of crypto fraud losses leapt 32% in a single year to hit GBP226 million (USD269.75 million) in the year to September 30 (from October 1, 2021) from GBP171 (USD204.1 million) year-on-year, according to the latest data released by international law firm Pinsent Masons LLP.…
INFLATION AND ENERGY CRISIS POSING UNPRECEDENTED CHALLENGES TO GERMANY’S BEER SECTOR
Germany’s estimated 1,300 breweries are leaving the Covid-19 pandemic behind only to find themselves faced with skyrocketing energy prices and the affiliated rapid consumer price inflation. Several of large German brewery groups have already raised their prices to compensate for their past Coronavirus losses, and a second wave of price increases has recently been announced for early 2023.…
COVID-19 FRAUD BOOM CONTINUES AS RECESSIONS FUEL DISHONESTY
Fraud has spiked since the outbreak of Covid-19 and is still on an upward trajectory as economies struggle to rebound from the pandemic, according to research by Grant Thornton and the US-based Association of Certified Fraud Examiners (ACFE). One of the biggest growth areas in fraudulent activity, according to the American Bankers Association (ABA) is related to the exploitation of the elderly, particularly in ageing societies such as the USA, Europe and the east Asia.…