Search Results for: Canadian

Global production of fibreglass is predicted to soar over the coming decade, as appreciation grows of its utility and cost effectiveness in expanding materials manufacturing sectors.

Driven by a push to increase reliance on renewable energy sources to help tackle the climate crisis, manufacturers of wind turbines are increasingly reliant on glass – and carbon – fibres to produce rotor blades, for instance.…

THE RELEASE this week of an immigration policy by the British government that is designed to emulate the points-based systems of Canada and Australia is yet another example of how Brexiteers ignore the reality that Britain is a small island off the coast of a populous and rich continent – Europe.…

THE EUROPEAN Union (EU) Council of Ministers has called on its member States and other EU institutions to work harder to fight the scourge of food fraud, which can damage the commercial health of legitimate manufacturers and risk consumer health. In a detailed policy statement (called ‘council conclusions’ in EU jargon), ministers said an EU “legal definition of food fraud” should be created that would underpin future regulatory actions fighting such wrongdoing, which can include deliberate mislabelling and the use of illicit ingredients.…

The Canadian automotive industry has welcomed the final text of the United States-Mexico-Canada Agreement (USMCA) trade deal, which includes new flexibility over steel supplies to the North American automotive manufacturing industry.

David Adams, president, Global Automakers of Canada (which represents all Canadian auto manufacturers except for the Big Three), said the new amendments reflected Canadian government thinking and that now he expected “all three countries will work to ratify expeditiously….”,…

MEXICAN clothing industry experts hope that the current stand-off over the ratification of the new United States–Mexico–Canada Agreement (USMCA) will be solved soon, given that they expect that it will cement Mexico’s position as a major apparel exporter to the USA and Canada.…

SALES of light trucks – SUVs, CUVs, pick-ups and minivans – are rising in Canada, and the big question is how dominant this segment may become in this north American market. Sales hit 70.9% of the passenger vehicle market according to new 2018 data from Ontario-based DesRosiers Automotive Consultants Inc.…

The British subsidiary of French engineering giant Alstom has been fined GBP15 million (USD19.37 million) plus GBP1.4 million (USD1.8 million) costs over bribes it paid to win a key contract to build trams to serve the Tunisian capital Tunis. The fine comes more than a year after Alstom Network UK’s April 2018 conviction for bribery and corruption, in a case brought by the UK Serious Fraud Office (SFO). …

As national, regional and international legislation nudges the world away from its reliance on fossil fuels, corporations are increasingly sourcing renewable energy through the mechanism of green power purchase agreements (PPAs), whereby companies (and also utilities) act as an off-taker, making commitments for future renewable energy payments.…

THE INLAND Revenue Authority of Singapore (IRAS) has for the first time used powers of arrest, in October and November raids, holding 10 suspected members of a crime syndicate, suspected of operating a GST carousel fraud. Chains of sales and purchases have ended in goods disappearing or being exported, with dishonest participants claiming input tax for GST, which is ultimately never paid to the government.…

Robust international enforcement of revised AML guidance will improve current weaknesses in cryptocurrency compliance, according to financial services analysts.

Current figures indicate about 3,000 separate cryptocurrencies being traded with a value of USD221 billion, according to Yahoo Finance on October 8^.…