Search Results for: America

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.…

An anticipated surge in supply and demand for renewable diesel, fuel that is chemically identical to its fossil fuel predecessor, is likely to cause major disruption to the American vegetable oil market and industry, notably soy.

With the US government and certain states regarding renewable diesel as a swift way to further reduce carbon emissions and meet Paris agreement climate change targets, the prospects for major additional purchases of soybeans within the American domestic market are very real.…

European and US interest in carbon capture and storage/sequestration (CCS) and carbon capture utilisation and storage (CCUS) is continuing to surge as governments make ever more ambitious climate change commitments.

In tandem with improvements in technology mean capturing carbon dioxide (CO₂) emitted from industrial processes, power generation or directly from the air, and either storing or using it, CCS/CCUS is no longer viewed as a marginal solution with limited applications. …

Fraud, corruption and money laundering is hitting the world’s biggest corporations hardest, despite these companies bolstering their financial crime defences, according to Kroll’s latest annual Global Fraud and Risk Report (1). Risk specialists Kroll surveyed 1,336 senior executives from 17 countries worldwide and found 57% from companies with a turnover topping USD15 billion had experienced a “very significant” impact from such crimes, compared to 36% overall.…

Young and aspiring accountants might balk at the idea of working in the Gulf Cooperation Council (GCC) region’s oil and gas sector. A connection to hydrocarbons amid growing societal pressure to de-carbonise economies can, in some circles, attract criticism.

But for GCC accountants, the ability to combine financial reporting with every increasing sustainability assessment tool, means oil and gas might be a good long term career bet.…

Japanese paint companies have felt the impact of the coronavirus pandemic on their bottom lines over the last 18 months, although their fortunes appear to have diverged in the first half of this calendar year. Firms that have a strong presence in China, where the economy has already bounced back strongly, are faring better than those that are primarily focused on domestic sales or export markets still struggling to shake off the lingering effects of the global health crisis.…

Analysed USA trade data from the professor who coined the phrase ‘trade-based money laundering’ have unveiled significant abnormal pricing in exports and imports to and from the USA, which could have been abused for ML. Prof John Zdanowicz, a business professor at the USA’s Florida International University, and long-standing TBML expert, shared analysed 2020 US trade data with MLB, and they include some eye-widening anomalous valuations.…

A high-tech medical simulation centre in Tunisia has found a winning solution to teaching technical clinical procedures online, meeting student and professional training needs during the Covid-19 pandemic, while opening up opportunities for remote learning and medical research across Africa. The Honoris Medical Simulation Centre (1), in the capital Tunis, part of the Honoris United Universities network of African higher education institutions (2) was opened just 14 months before the pandemic struck in earnest, on November 10, 2018.…

A trade war over airplane manufacturing subsidies between the USA and UK, which has led to 25% additional duties being levied on British knitwear exports to America, appears to have been resolved. The EU and the USA have suspended for five years retaliatory duties that both sides have imposed on each other’s exports in the long-running ‘Airbus’ subsidy dispute.…

The International Accounting Standards Board (IASB) will consider allowing the amortisation of goodwill, maintain some harmony with USA GAAP (generally accepted accounting principles). A joint US Financial Accounting Standards Board (FASB)/IASB education meeting discussed FASB plans to allow goodwill amortisation. “Most of those respondents commenting said that convergence on this topic with US GAAP was desirable,” said a meeting note.…