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TECHNICAL ROUND UP – NEW IAS CHAIR FLOATS REVIEW OF IFRS ON INTANGIBLES
The new chair of the International Accounting Standards Board (IASB) has said the body will consider reviewing its standard on intangibles, IAS 38. Following feedback from advisory groups and consultative bodies, Andreas Barckow said that IAS 38 is “more than 20 years old and has never been revisited other than for consequential changes resulting from other projects”.…
WILL CHINA PAY TRILLIONS OF DOLLARS FOR THE CORONAVIRUS MISTAKES?
The Covid-19 coronavirus outbreak was declared a pandemic on March 11, 2020, by the World Health Organization (WHO) after it spread from Wuhan, China, across the globe. As yet, the world does not know for sure how and why the virus was released.…
WHY DO WE FAIL WHILE OTHERS SUCCEED?
One of the world-changing impacts of the Second World War was an understanding that unfettered competition between nation states was not just undesirable, but – if taken to its logical conclusion – would lead to war. Amidst the ruins of Europe, as an exhausted continent stumbled out of conflict, new thinking emerged, that economic links between neighboring countries be deliberately forged to create interdependence that would encourage cooperation to achieve wealth.…
THE ARAB COUNTRIES BETWEEN SOCIALISM AND ECONOMIC LIBERALISM
Many friends ask me why, as a businessman and investor controlling pioneering projects, why I am concerned with politics? I always answer that my experience has taught me that the key to progress lies in politics, and this is especially true in Arab countries, where, frankly, politics is everything. …
TOWARDS A THIRD PATH... CAN AN ARAB “MARSHALL PLAN” BE ESTABLISHED? -Historical and political epitome-
After the Second World War, Europe emerged economically and socially drained. The war had destroyed so much housing, industry and infrastructure and killed millions of people. Unsurprisingly, the societies of countries who had fought – or been fought over – and that was most of the continent – were brought their knees by the conflict.…
TWENTY YEARS SINCE THE EVENTS OF 9/11: WHICH IS WORSE, THE BEGINNING OR THE END?
Hubris comes in many forms, but surely the rushed exit of American forces from Afghanistan to meet an artificial political deadline of the 20th anniversary of the September 11 attacks in the USA is a breathtaking example.
Rather than strengthening the agents of reform in Afghanistan, upon which the US and its allies have inefficiently spent trillions of dollars, this helter-skelter exit has undermined them, leaving at the mercy of a resurgent Taliban.…
A Year since COVID-10: The Challenge and the Response
The Covid-19 pandemic, as a global crisis, will have worldwide long and short-term effects, although – of course – some counties have been, and will be, hit much harder than others.
Indeed, some countries, with fragile economies and weaker social systems, have been brought close to collapse by the coronavirus.…
COVID-19 PROMPTS MAJOR RETHINK ON TRAINING, MENTORING AND MOTIVATION IN AML
The Covid-19 pandemic has delivered experience about how an external crisis – in this case health – that forces AML officers to work at home, poses challenges in maintaining professional excellence. According to the Bank for International Settlements’ Financial Stability Institute an estimated 300 million office workers worked from home in May 2020, including 90% of banking and insurance workers.…
SMART FACTORIES DEEP DIVE
INTRODUCTION
While debates continue over whether Aristotle actually said ‘The whole is greater than the sum of its parts’, the concept that a system can deliver more impact than each element of its technology acting alone is well established in the textile sector.…
EU’S PROPOSAL FOR NEW TOBACCO LEGISLATION - A GAME-CHANGER FOR E-CIGARETTES
The European Union (EU) is currently considering reforming its excise duty rules for tobacco products, with the tobacco industry and commentators seeing the negotiation on the integration of e-cigarettes being one of the hottest topics. Today, e-cigarettes in the EU are treated just like any other product, falling under EU VAT rules, and are not subject to EU-excise laws that apply for conventional tobacco products or spirits for instance.…