Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…

THE CANADIAN auto parts sector is likely to suffer should the Trump administration go ahead with plans to impose escalating duties on Mexican exports to the USA to force Mexico to further restrict immigration into America.

With President Donald Trump yesterday (June 5) claiming talks with the Mexican government have been insufficiently productive, the US is poised to impose 5% duties on all imports from Mexico on June 10.…

Istanbul is gearing up for its second fashion week of 2021, with the expectation of repeating the success of previous virtual events that reached some 25 million viewers worldwide.

With a physical Mercedes-Benz Istanbul Fashion Week (IFW) not feasible in 2020 due to the Covid-19 pandemic, the organisers pivoted to a virtual event.…

Food manufacturers across the European Union (EU) may pay more for their ingredients because of new EU rules requiring farmers to undertake additional work to get the same subsidies, while the cost of fuel and fertiliser is also rising.

“I think you will see that the industry will, at least initially, eat some of the price increases,” predicted Gunnar Kvistgaard, director of Denmark-based 1A Food Consulting.…

Growth in demand for and production of renewable diesel is set to disrupt the global liquid fuels sector, with major increases in refining capacity being developed now. Renewable diesel has major potential as a transitional alternative energy source, because, unlike standard biofuels, in its highest quality form, it is chemically identical to fossil fuel diesel. …

Sub-Saharan Africa has natural resources that aids the development of renewable energy, it has lots of sun, plentiful wind, and much potentially sustainable biomass. With the development of small-scale affordable renewable energy technologies, such systems have been promoted by major aid agencies keen to prevent deforestation and excessive reliance on fossil fuels, that – even where they are plentiful, have not usually led to widespread economic development.

The Taiwan Environmental Protection Agency (EPA) has initiated a revision of the island’s Greenhouse Gas Reduction and Management Law, partly to help paint and coatings manufacturers maintain access to the European Union (EU) market. The reform will take account of the EU’s planned Carbon Border Adjustment Mechanism, which may levy duties on products the EU deems have been made with excess carbon emissions.…

THE FINNISH can manufacturing industry has been growing, with new production coming online in the past 10 years to diversify a sector that is able to draw on effective access to raw materials and a highly skilled workforce.

Both Rexam (now part of Ball) and Poland-based Canpack operate efficient Finnish can-making plants.…

The lorry driver shortage in the UK has grabbed headlines, with concerns raised that Britain’s Brexit from the European Union has worsened the problem. And while that is almost certainly true, the shortage of drivers willing and able to take on commercial haulage jobs is far from being a Britain-only challenge.…

The huge offshore finance leak unveiled last month (October 3) by the International Consortium of Investigative Journalists (ICIJ) has highlighted the risks major companies face when doing business in offshore jurisdictions. Keith Nuthall and Andreia Nogueira report.

Major companies undertaking international business must comply with increasingly tough beneficial ownership transparency laws, and risk reputational damage if they are associated with particularly elaborate devices to avoid tax, even if it is legal.…