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The Mexican auto industry should be able to preserve its critically important USA export sales if it implements the new labour wage and origin components of the United States-Mexico-Canada Agreement (USMCA) slowly and steadily, allowing time to invest in technological efficiencies, experts predict.…

IT goes without saying that can manufacturers and fillers have to comply with regulatory controls specifying how they make and fill cans, but maybe the biggest compliance challenge for the industry is following the world’s multifarious rules on food labelling. 

Canners and fillers with contracts to supply labelled cans have to take special care given these labelling rules do not just vary from jurisdiction to jurisdiction, (or even within jurisdictions), these regulations are a very dynamic topic – they change, often. …

THE EUROPEAN Union (EU) continues to struggle to clamp down on fraud within its revenue collection and spending programmes – making progress, but with major scams still emerging within the EU’s complex international decision-making systems.

In its latest annual ‘fight against fraud’ report (1) (2), covering 2019, the European Commission reports that 939 discovered irregularities were reported as fraudulent (8% of the number), involving EUR461.4 million in lost money (28% of that affected by irregularities).…

When Fatima Alaouia-Zohra stepped up to become the first female director-general of Morocco’s textile and clothing industry association AMITH last September (2019), she was ready to lead this important near-sourcing manufacturing hub through a process of massive change.

Little did she know that within months she would also be facing the gargantuan challenge of steering the industry through the Covid-19 global crisis, a pandemic that while hugely disruptive, creates opportunities for Moroccan clothing and textile makers.…

From bringing traditionally outsourced services in house to right-sizing staff, Caribbean financial professionals advising the region’s critically important tourism sector are making tough decisions to keep businesses afloat and redundancies to a minimum during Covid-19.

ACCA members speaking to A&B, however testified to solidarity among workers, clients and suppliers – and the resilience of a region used to disaster, albeit usually through extreme weather.…

A PLAN to build a dedicated hydrogen pipeline network of almost 23,000 km within nine European countries by 2040 has been released by 11 European gas infrastructure companies. Enagás, Energinet, Fluxys Belgium, Gasunie, GRTgaz, NET4GAS, OGE, ONTRAS, Snam, Swedegas (Nordion Energi), Teréga and a consultancy Guidehouse call their proposed network a ‘European Hydrogen Backbone’.…

ITALY’s paint industry is hopeful that the end of the country’s Covid-19 lockdown will herald a surge in business, interrupted by the pandemic. Gianni Martinetti, president of the Paints and Varnishes Group of AVISA, the adhesives and sealants, paints and varnishes and inks division of national chemicals industry association, Federchimica said: “The hope is that, after two very hard months of lockdown, we can start again with the same liveliness that was found in the first quarter of 2020.”…

A MAJOR expansion in collecting sales information within the digital economy across the European Union (EU) and beyond has been proposed by the European Commission, to crack down on widescale tax evasion.

The EU executive has proposed reforms to an EU directive on administrative cooperation between tax authorities (see https://ec.europa.eu/taxation_customs/sites/taxation/files/2020_tax_package_dac7_en.pdf)…

EY, (formerly Ernst & Young), the Big 4 accounting major accused of shortcomings over its audit of disgraced German card payments processor Wirecard, is rejecting blame for its failure to detect the fintech firm’s EUR1.9 billion (USD2.1 billion) fraud scandal before it expanded to such a size.…

SLOWLY, but surely, the UK’s associated offshore financial centres are moving towards opening public beneficial ownership registers, probably by 2023. But much detailed work will be undertaken first, to ensure they work efficiently. Keith Nuthall reports.

The dominos are falling.…