Search Results for: America
10 results out of 1848 results found for 'America'.
COMPLEX LAYERING TECHNIQUES CONSTANTLY REFINED BY SOPHISTICATED MONEY LAUNDERERS
Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.
‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…
BMW EV INVESTMENT LATEST SIGNAL THAT MEXICO WILL BECOME ELECTRIC VEHICLE EXPORT HUB
The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.
Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…
FIRST GLOBAL SUSTAINABILITY STANDARDS APPROVED – WITH SPECIAL AUTO SECTOR GUIDANCE
International automobile manufacturers, including those based in the USA, have been presented with the first global sustainability reporting standards designed to become compulsory in many countries worldwide from January 1, 2024. They may also apply to foreign companies operating in the USA and overseas branches of US-owned companies such as Ford and GM, depending on a looming decision made from the Securities & Exchange Commission, expected in April (2023).…
CHINA’S PART OF GLOBAL GARMENT SUPPLY CHAIN LIMPING INTO 2023
At the end of 2022, the Chinese garment industry found itself in a conflicting situation: on one hand, the abrupt abandonment of strict Covid-control measures in December fuelled hopes that Chinese consumer demand will grow steadily. But on the other hand, many factories preponed and extended the Chinese New Year holiday to shield their owners’ financial standing from the risk that manufacturing capacity would remain underutilised.…
ISSB PUSHES FOR ITS STANDARDS TO BE SUSTAINABILITY REPORTING GLOBAL BASELINE
An International Sustainability Standards Board (ISSB) symposium in Montréal, Canada, has heard how accounting standards experts are striving to build a “global baseline” of regulation based on ISSB standards, despite the contrasting guidance being developed worldwide.
Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical.…
SOMALI EXPAT ACADEMICS RETURN TO SOMALIA FOR UNIVERSITY JOBS – BUT FOR LOVE OF COUNTRY, NOT MONEYSOMALI EXPAT ACADEMICS RETURN TO SOMALIA FOR UNIVERSITY JOBS – BUT FOR LOVE OF COUNTRY, NOT MONEY
A desire to contribute to nation-building and improve standards of universities within Somalia is luring Somali intellectuals to return home to work in academia.
Professor Abdullahi Barise, the founding president of the City University of Mogadishu, said his institutions and others were welcoming this increasing number of foreign-educated Somalia lecturers and professors.…
US TOBACCO LEAF DEMAND REMAINS HIGH, DESPITE MOVE AWAY FROM SMOKED PRODUCTS
Demand for US tobacco leaf is projected to remain robust, despite increased reluctance to use smoked products (worsened by concerns about respiratory disease prompted by Covid-19) and the ongoing China–US trade war launched by former US President Donald Trump.
Tobacco leaf was one of the Chinese export products hit by punitive US import duties of 25% imposed during 2019, with China responding in kind with additional 10% and 25% duties levied on US exports of tobacco leaf to China.…
BRAZIL’S NEW PRESIDENT UNDER PRESSURE TO REVAMP BIOFUEL CHAIN
Brazil’s biofuel industry is putting pressure on the country’s new President Luiz Inácio Lula da Silva to make significant reversals to the laissez-faire policies implemented by his right-wing predecessor Jair Bolsonaro to boost the domestic market in 2023. The sector is concerned about a sluggish economy, which the OECD says will grow just 1.2% in 2023 (inflation stands at 5.77% – January figures).…
EU AND ASIAN AUTOMAKERS TAKE ADVANTAGE OF NEW USA LEASED VEHICLE TAX CREDIT RULES
European and Asian automakers exporting electric vehicles (EV) to the USA are looking to take advantage of US treasury guidance issued December 28 that allows consumers to claim tax credits of up to USD7,500 on leased EVs, even if they are not made in north America.…
HOW WOULD A NEW TESLA PLANT IN MEXICO HELP THE COMPANY EXPAND ITS BUSINESS?
Tesla, currently facing competitors developing more affordable electric vehicle (EV) models, could expand business and maintain its leadership in the North American and European market by opening a new plant in northern Mexico, say analysts. In this way, Tesla could leverage Mexico’s lower labor, utility and property costs.…