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 REGULATORY ROUND UP – HUNGARY THREATENED WITH LOSS OF EUR7.5 BILLION EU FUNDS OVER GRAFT CLAIMS
The European Commission has bitten the bullet and for the first time has imposed a major financial penalty on a European Union (EU) member state that it considers so corrupt, its handling of EU funds cannot be trusted. That country is Hungary, run by the populist right-wing government of Prime Minister Viktor Orbán, where the EU executive on September 19 proposed suspending EUR7.5 billion in EU funding.…
ANTI-FRAUD AUTHORS CAN IMPART INVESTIGATIVE TECHNIQUES AND EXPERIENCE, DRAWING ON CASE STUDIES WITH WIT AND INSIGHT
Anti-fraud professionals are offered substantial amounts of training, conferences and mentoring – but a lot can be learned the old-fashioned way – with an informative book. There are guides for the relatively uninitiated. Take ‘The Complete Idiot’s Guide to Private Investigating, Third Edition: Discover How the Pros Uncover the Facts and Get to the Truth’ by Steven Kerry Brown.…
INTERNATIONAL BODIES COMBINE WITH TECH DEVELOPERS TO FIGHT FOOD FRAUD
Fraud is sometimes downplayed as a ‘victimless crime’, especially when companies are the direct victims. While that is obviously untrue, frauds associated with food that can directly harm consumer health give the lie to this statement. It is one reason why food fraud is a clear priority problem for international policy makers.…
UK-GERMANY NEUCONNECT INTERCONNECTOR COULD PROVIDE MODEL FOR CHEAP CLEAN ENERGY DISTRIBUTION
In late-July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the United Kingdom, two of the largest electricity markets in Europe. The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).…
EU FRAUD CASE NUMBERS STABLE IN 2021 COMPARED TO 2020, BUT FINANCIAL COSTS LEAP TO EUR1.82 BILLION
Case numbers for both fraud and non-fraudulent irregularities against the European Union (EU) budget detected by EU and member state authorities remained stable in 2021 compared to 2020, but the amounts involved more than doubled to EUR3.24 billion (USD3.17 billion) from EUR1.46 billion (USD1.43 billion).…
AMERICAN STANDARDS BODY RELEASES CRYPTOGRAPHY TO DEFEND FINANCIAL SERVICES AND THE INTERNET AGAINST QUANTUM COMPUTING
An American regulator and IT specialists have made progress in devising new encryption that they hope will protect the Internet, ecommerce, financial systems and digital signatures against computers that use quantum computing. Keith Nuthall reports.
It has been a long time coming.…
INTERNATIONAL REGULATORY ROUND UP – CAOBISCO TELLS EU TO PLAY SMART ON CORPORATE SUSTAINABILITY RULES
European Union (EU) confectionery, chocolate and biscuit industry association CAOBISCO has called on the EU to take a smart and integrated approach when amending and approving a planned EU directive on corporate sustainability due diligence. Proposed by the European Commission in February (2022), the law would insist that larger companies identify, prevent, end or mitigate their adverse impacts on human rights, (such as child labour and worker exploitation), and the environment, (such as pollution and biodiversity loss).…
GLOBAL DAIRY SUMMIT SEEKS TO BOOST SUSTAINABILITY WITHOUT SACRIFICING MILK PRODUCTION
The need to reduce the environmental impact of the dairy sector, promoting sustainability, may limit the growth of the industry internationally, but the world’s largest milk producer, India, is projected to double its turnover within the next five years, a global conference has been told.…
UK-GERMANY NEUCONNECT INTERCONNECTOR COULD PROVIDE MODEL FOR CHEAP CLEAN ENERGY DISTRIBUTION
The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU). Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…
UKRAINIAN GARMENT AND TEXTILE SECTOR FIGHTS ON DESPITE RUSSIAN INVASION
Ukraine’s textile and clothing manufacturing sector has been devastated by Russia’s invasion of its country from February 24, with an industry already suffering from economic weaknesses being hit hard by war.
The country’s light industry production, including textile, clothing, leather, and other materials, contracted by some 12.4% in 2019, according to Ukrlegprom, the Ukrainian Association of Enterprises of the Textile and Leather Industry) (1).…