Search Results for: Climate change

The European Union (EU) dairy industry is looking hard at the new Common Agricultural Policy (CAP) reforms that were approved in June to see if they deliver enough help to rejuvenate what has become an ageing industry. Currently only 11% of EU farmers are less than 40 years old, the European Commission notes (1), a problem highlighted at this year’s European Milk Board general assembly.…

Accountants in the European Union (EU) are facing the launch of a more intrusive and proactive legal system fighting money laundering (ML) and terrorist finance (TF), designed to stem the flow of dirty money across borders.

These are huge. Impossible to count accurately, but the UN Office on Drugs and Crime (UNODC) has estimated that USD2 trillion is laundered annually worldwide from all types of crime, from tax evasion to sanctions busting and drug trafficking to white collar fraud.…

The Egmont Group is the global organisation linking financial intelligence units (FIU), which are the primary agencies in each country and autonomous jurisdiction worldwide charged with detecting and analysing money laundering and terrorist finance. The group’s chair Hennie Verbeek-Kusters spoke to Commercial Crime International in an exclusive interview.…

The impending withdrawal of Ethiopia from the USA’s Africa Growth and Opportunity Act (AGOA) because of human rights concerns will be disruptive and damaging to the country’s clothing and textile sector, a senior government official has told Just Style.

Bantiyhun Gessese, communications affairs directorate director at the Ethiopia Textile Industry Development Institute (ETIDI) said “AGOA has been a major incentive for domestic and international investors to export various types of light manufacturing products free of tax, while creating massive job opportunities especially for the youth.”…

The use of ‘sewbots’ that can replace human sewers and other robotics look set to transform the clothing and textile supply chain and facilitate reshoring or near-shoring to developed countries currently reliant on lower income outsourcing hubs, maybe thousands of kilometres away from buyers.…

In 2019, before Covid-19 knocked the industry off a seemingly unstoppable growth trajectory, 95 billion gallons of fuel was burned by commercial airlines worldwide said statistical service Statista.

Speaking to Petroleum Review, International Civil Aviation Organisation (ICAO) deputy director for environmental protection Jane Hupe said analysis undertaken by the UN agency found “that, by 2050, it would be physically possible to meet 100 percent of international aviation jet fuel demand with sustainable aviation fuels, corresponding to a 63 percent reduction in emissions.”…

Every four years, people worldwide, armed with statistics, predictions and expectations, gaze at traditional, smart, and portable screens, waiting for an anticipated globally important event. Some observers are enthusiastic, others are indifferent – but everyone awaits the results.

But this is no sporting championship.…

Indonesia’s drive to require pharmaceutical products to be halal-certified is gathering pace, but the country’s pharma industry’s reliance on imported raw materials for medicines is impeding progress, officials and industry players say.  

In October, Indonesia issued a government regulation requiring pharmaceutical products to be certified halal by 2029 for over-the-counter drugs and 2034 for prescription medicines.…

BRITAIN’S halal food market maybe growing, but the UK’s withdrawal from the European Union (EU) in January 2020 has been impeding the sale, production and export of such products, and the regulatory headaches may get worse in future.

Speaking to Salaam Gateway, Rizvan Khalid, managing director, of Euro Quality Lambs, a major England-based producer and exporter of halal sheepmeat, said trade red tape imposed since the UK quit the EU has imposed GBP500,000 of annual regulatory costs on his business.…

Decentralised finance – DeFi for short -is a growing variety of blockchain-based financial services, such as loans and insurance, that can operate without central control from an intermediary. While some say DeFi will democratise finance and liberate the under-banked, it is also an increasing area of interest for anti-money laundering (AML) authorities, who rely on the existence of intermediaries to enforce AML procedures.…