Search Results for: European Parliament

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.…

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.…

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. …

Jordan’s textile and leather industries have made impressive strides over the past six months, driven by a robust increase in exports and greater investment in raw materials, despite ongoing conflicts in neighbouring Lebanon and Israel.

Indeed, Jordan’s combined textile and leather industry achieved remarkable year-on-year growth of 11.8% in the second quarter of 2024, said Ihab Qadri, representative of the leather and textile industry at the Jordan Chamber of Industry (JCI).…

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.…

French government plans for special “exceptional and temporary” taxes on the highest earning individuals and companies with the largest turnover will not make those targeted flee France, an aide close to budget minister Laurent Saint-Martin stressed to Accounting & Business.

The draft budget law (PLF) 2025 (1) was unveiled on October 10 by Saint-Martin (a member of the Rennaissance centrist bloc backing President Emmanuel Macron) and finance minister Antoine Armand (also from Rennaissance) before the French lower house of parliament, the National Assembly.…

EUROPEAN oil and fats industry representatives are concerned and green groups angry that the European Commission is proposing to delay (1) implementation of the May 2023 European Union (EU) deforestation regulation (EUDR) (2) by a year. However, industry groups in Malaysia and Indonesia are hailing the delay as a sensible move, helping them prepare for the new regime.…

While the reluctance of many companies to report fraud to law enforcement is well documented, it would be a useful deterrence if those cases that made it to court generated tough enough penalties to scare some scammers from scamming.

Alas, this is not often or even usually the case.…