Search Results for: German

WITH Brexit out of the way, as far forging as forging a trade agreement with the UK is concerned, the clear priority of the current European Commission is its European Green Deal policy, which will significantly impact Europe’s energy sector. One strand of this ambitious plan to deliver European sustainability and climate-change neutrality by 2050 is energy efficiency.…

THE EUROPEAN Commission on Tuesday (December 1) launched the first component of its behind-schedule IT system for registering certified medical devices, but an ongoing regulatory bottleneck could render many products impossible to certify for some time.

The first of six modules of its EUDAMED system will assign a ‘single registration number’ (SRN) to each medical device manufacturer, producer of procedure kits, importer, and a European Union (EU)-based representative of non-EU manufacturers.…

Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register.  The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…

The global electric vehicle (EV) adhesives market set to grow almost tenfold in the next four years, according to research analysts Markets and Markets, citing the increasing variety of bonding products offer “myriad of uses”.

In a report published last October (2019), it said annual global sales would reach USD223 million in 2019, growing to USD2.15 billion by 2024.…

Two studies unveiled before members of the European Parliament (MEPs) on November 19 in a joint meeting of the constitutional affairs and legal affairs committees have concluded that the European Union (EU) needs an independent ethics body. In his EP commissioned study ‘Strengthening transparency and integrity in the EU institutions by setting up an independent EU ethics body’, (1) Austrian management professor Dr Markus Frischuut suggested the body should have around seven ruling members and 50 staff. …

Former aircraft refitting company, Airline Services Limited (ASL), is to pay out a total GBP2,979,685 (USD3.87 million) under a deferred prosecution agreement (DPA) with the UK Serious Fraud Office (SFO) over bribes paid to German national carrier Lufthansa. The pay-out consists of a GBP1,238,714 (USD1.6 million) fine, a GBP990,971 (USD1.29 million) disgorgement of profits gained from the criminal conduct and a GBP750,000 (USD974,359) contribution to the SFO’s costs.…

The International Federation of Accountants (IFAC) has released a white paper saying that the accounting profession needs to learn from the challenges of Covid-19, investing in boosting communication skills. This will enable accountants to be more effective pro-active trusted partners with their clients, able to adapt to flexible and remote working even after the pandemic subsides.…

THE QUESTION of whether governments should charge AML/CFT levies on designated professions and financial institutions to help fund public agencies fighting dirty and terror money flows is a sensitive topic, given STR designation already imposes operational costs on such businesses. Indeed, they may also have to pay for membership of bodies who assess their AML/CFT performance and of course fund government AML/CFT work through general taxation.…

A SURVEY has concluded that 23% of inspected products imported into the European Union (EU) made with chemicals, including paints and coatings are breaking EU REACH and CLP (classification, labelling and packaging) rules. A European Chemicals Agency (ECHA) probe has concluded: “Some imports contained illegal amounts of hazardous substances that are restricted in the EU, while others had incorrect hazard labelling.”…

Mavi, the Turkish denim giant, sold 9.7 million pairs of jeans worldwide in 2019, and, its chief executive has told just-style, has rebounded from the shuttering of the garment sector earlier this year with e-commerce sales doubling in its major markets.…