Search Results for: London
10 results out of 1551 results found for 'London'.
DATA SECURITY – QUANTUM LEAP MAYBE COMING SOONER THAN EXPECTED
As data security departments scramble to protect systems from what have become more run-of-the-mill attacks, such as malware, ransomware and hacks, other concerns are developing about adversarial machine learning and the “poisoning” of artificial intelligence (AI) by malicious actors. These fresh concerns come as the fear that increasingly powerful quantum computers are getting closer to breaking current encryption systems.…
TAIWAN TOBACCO CONTROL EFFORTS AND BLACK MARKETEERS HITTING LICIT SALES
The market for cigarettes in Taiwan has fluctuated during the past few years – sales were up in 2021 for example – but generally the trend has been downward, with the government tightening regulatory controls. According to London, UK-based market researcher data analytics and consulting company Euromonitor, in 2022 sales of licit cigarettes were 37.4 billion sticks, falling to 34.4 billion in 2023, (with illicit sales at 4.5 billion sticks and 4.6 billion sticks respectively).…
AI OFFERS ANTI-FRAUD TEAMS POWER TO MANAGE TOUGH AND COMPLEX CASES
Former UK Serious Fraud Office (SFO) director Lisa Osofsky observed in 2022 that the material her agency had to work through in a typical case, if printed, would fill 22 London buses – so could artificial intelligence (AI) aid the management of such tough cases?…
AI ADVANCES PROMPT TECH RACE BETWEEN FRAUDSTERS AND ANTI-FRAUD PROFESSIONALS
Anti-fraud experts are calling for an increase in cross-sector sharing of data relevant to fighting graft and deception to improve both quantity and quality of information fed into artificial intelligence (AI) models designed to predict fraud risks. They argue the need is important as bad actors use AI to develop increasingly sophisticated scams. …
KENYA CLOTHING SECTOR FOCUSES ON DEEPENING USA TRADE RELATIONS
The Kenyan clothing and textile sector is looking forward to expanding through overseas sales should the African Growth and Opportunity Act (AGOA) trade protocol between the USA and 32 sub-Saharan African countries be extended to 2041 after its current authorisation expires next September (2025). …
SPORTSWEAR RETAILERS STRUGGLE TO OVERCOME INTENSE INVENTORY PROBLEMS
The international sportswear industry is trying to develop new strategies, often using ultramodern technology, to deal with continued inventory challenges, overstocking and demand volatility – particularly intense in recent years.
In a January 2024 report, ‘Time to move: Sporting goods 2024’ (1), New York, US-based global management consulting firm McKinsey & Co and the Berne, Switzerland-based World Federation of the Sporting Goods Industry (WFSGI) noted that sportswear companies “continued to struggle with inventories” in 2023, largely due to overstocking because “anticipated demand failed to materialise”.…
AI OFFERS COMPREHENSIVE OPPORTUNITIES TO TEXTILE SECTOR – ACROSS SUPPLY CHAIN
Interest is growing in how artificial intelligence (AI) can be used to further boost the booming global textiles market, which was valued at USD1.8 trillion in 2023, with revenues estimated to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030, according to India- and US-based market research and consulting company Grand View Research (1).…
JAPAN NON-ALCOHOLIC DRINK MARKET EXPANDS IN VOLUME AND DIVERSITY
As the largest non-alcoholic ready-to-drink (RTD) market in the Asia-Pacific region, according to Tokyo-based food and beverage consultancy GourmetPro (1), Japan has long been attractive to international non-alcohol brands, with the expansion of the market since 2020 intensifying attention.
Non-alcoholic beverages other than beer, such as cocktails and ‘chuhai’ (shochu and carbonated water flavoured with a kind of fruit juice – often categorised separately from cocktails in Japan), produced by Asahi, Sapporo, Kirin and Suntory; and umeshu (plum wine), such as ‘Yowanai The Choya’, began to appear on the market in 2010.…
AI OFFERS NEW STRENGTHS TO AML SERVICES – BUILDING ON TECH-FRIENDLY TRADITIONS IN SECTOR
New AML technology will in future use the latest artificial intelligence (AI) as innovations are developed to handle tasks such as tracing the financial networks of criminals, spotting trade-based money laundering and detecting deep-faked biometrics. Financial institutions and other obliged entity AML teams were early adopters of IT systems, including machine learning, to automate the assessment of customer and transaction data.…
EX TOP AIDE TO MADAGASCAN PRESIDENT JAILED IN UK FOR BRIBERY
The former chief of staff to Madagascan President, Andry Rajoelina, has been jailed in a British court after a successful prosecution of a foreign official soliciting bribes in Britain, breaching section 2 of the Bribery Act 2010 (1). The investigation by the UK National Crime Agency (NCA) (not the Serious Fraud Office – SFO) led to Romy Andrianarisoa being jailed by Southwark Crown Court on May 10 for three-and-a-half years for soliciting bribes, while her associate, French national Philippe Tabuteau, was jailed for 27 months. …