Search Results for: European Court of Justice

The global cotton supply chain is expected to be impacted by extreme weather events, trade disputes, geopolitical tensions, increasing regulation and more complex shipments in 2025, but traceability and innovation might help to reinvent the sector, experts have said.
According to the US department of agriculture, “2024/25 global cotton consumption is forecast at 115.2 million bales (…) more than 9 million bales below the record level witnessed four years ago”, thanks to more production and consumption of man-made fibres (1).…

Whistleblower incentives developed in the USA should be introduced in the UK to help deter and detect corporate fraud, a new report from the Institute of Economic Affairs (IEA) has argued (1).

While the number of successful whistleblower claims is low compared to the number of tipoffs made, the value of successful sanctions resulting from whistleblower incentivisation is so high that it” dramatically exceeds the cost of processing the tip-offs”, said the think tank’s Fixing Fraud report, authored by lawyer Dr Alison Cronin, of Bournemouth University.…

Promoting collaboration between the European Union’s (EU) anti-fraud office OLAF and the European Public Prosecutor’s Office (EPPO) will be a key priority of the new EU budget, anti-fraud and public administration Commissioner once he takes office, probably on December 1.

Poland’s Piotr Serafin, a former cabinet head for past European Council president and now Polish Prime Minister Donald Tusk, performed effectively at his European Parliament confirmation hearing on November 7, and should be confirmed as Commissioner.…

A strengthening domestic cheese market is expanding capacity for Czechia dairy manufacturers, who may use this additional production to boost export sales. Czechia may be a small European country but it is a significant cheese exporter, with more than half its cheese production sold abroad, according to Jiří Kopáček, of the Czech-Moravian Dairy Association (ČMSM).…

The European auto sector is uneasy about the 35.3% countervailing duties that the European Union (EU) has imposed on China-built BEVs on top of the standard 10% import tariff. While they were imposed in response to what the EU executive, the European Commission, claims are unfair state subsidies throughout Chinese supply chains that undercut the bloc’s own European Automobile Manufacturers’ Association (ACEA) has declined to comment.…

USA government human rights investigators and human trafficking victims in Myanmar have told Fraud Intelligence of how a lawless town on the border with Thailand has become a forced labour hub, where kidnap victims must take part in phone or cyber scams, or face violence, torture or even death.…

Increasing concerns that Europe is being left behind in artificial intelligence (AI) studies and applications have promoted a call for urgent and practical action by the Guild of European Research-Intensive Universities. https://www.the-guild.eu/about/ This group of 22 universities from 16 European countries has released a detailed position paper as the new European Commission, which takes office on December 1, considers how to strengthen Europe’s AI position.…

The victory of pro-European Moldovan leader President Maia Sandu in the November 3 national election presents significant potential for the country’s clothing and textile industry. Positioned between Romania and Ukraine, Moldova has long been influenced by Russia but has applied to join the European Union (EU).…

An Italian-led investigation, supported by the European Union (EU) prosecutor and judiciary agency Eurojust, has smashed a network responsible for forging and selling 2,000 works of contemporary art, from artists including Banksy, Andy Warhol and Pablo Picasso. In what Eurojust, said (1) was “an unprecedented operation”, involving Belgian, French and Spanish authorities, 38 suspects accused of involvement in a cross-border fake art network have been charged in Italy with conspiracy to forge and dealing in forged art. …

The International Sustainability Standards Board (ISSB) is considering a report highlighting difficulties in implementing its first two standards, with board members to consider whether they need amending. The paper focuses especially on problems linked to IFRS S2 on climate-related disclosures, such as concluding paragraphs being “unclear and [that] appear contradictory” to requirements in IFRS S2 regarding disclosure of “scope 3 category 15 GHG emissions”, for example.…