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ACCA has called on the European Commission to propose extending the scope of mandatory use of international financial reporting standards (IFRS) within the European Union (EU), stressing the value created by IFRS in Europe and worldwide. Its comments have come in a Commission review of the impact of mandating IFRS for consolidated financial statements of around 7,000 EU companies whose securities are traded on a regulated EU market.…

ADAPTIVE licensing methods such as that proposed by the European Medicines Agency (EMA) are indeed useful in the development of medicines for rare diseases, Martin Andrews, the senior vice-president at GSK Rare Diseases, has told the World Orphan Drugs Congress 2014.…

The Middle East and North African nonwovens sector is in flux. At the same time as extra capacity has come online, regional demand has been affected by political instability, forcing manufacturers to focus on exports and diversify their offerings.

“It is showing clearly now that the Arab Spring and political consequences have definitely delayed investment decisions by potential customers.…

CLOTHING industry leaders in the USA met on Wednesday (Nov 5) in New York and considered whether America’s mid-term elections on the previous day had made securing agreement on the critically important Trans-Pacific Partnership (TPP) more difficult.

With the opposition Republicans taking control of the US Senate, and consolidating control of its House of Representatives, the task of President Barack Obama in securing special rights to ratify a deal got harder.…

AROUND 140 billion cubic metres of associated natural gas from oil production is still burned off annually, according to World Bank analysis of satellite images from the United States’ (US) National Oceanic and Atmospheric Administration.
Flares light up the night sky in regions such as the Arabian Desert and America’s Bakken formation in North Dakota, where shale oil production is booming.…

THE EUROPEAN Union (EU) seems to have sparked a regulatory trend with its REACH chemical control system, with more and more countries in Asia adopting REACH-inspired chemical management laws. Thus textile finishing units, companies and suppliers will have to pay increasingly close attention to chemical regulations in Asia-Pacific countries such as China and South Korea.…

INNOVATIONS in bottles and jar manufacture, from using waste food as feedstock to creating gas bubbles in traditional materials to lighten packages and reduce material inputs, are helping personal care product companies reduce costs and their environmental footprint simultaneously.

And where companies are really smart, they can use these innovations to improve aesthetics, and add functionality features.…

FEDERAL government USA civil aviation programmes are expected to proceed – for the most part – in 2015, with the US Senate approving a federal government budget for the current fiscal year on Saturday December 14. With President Barack Obama indicated that he would approve the bill, averting a government shutdown, federal aviation programmes look set to be funded through to September 30, which in the US government, counts for some security.…

AS companies and government organisations implement more stringent fraud detection programmes, they are recruiting the best and brightest anti-fraud experts. Universities in North America, Australia, Europe and Asia are responding to demand for anti-fraud expertise by offering fraud prevention classes in accounting, criminology, and business degrees.…

The all-electric version of Nissan Motor Co’s NV200 mid-size van has been launched in the Japanese market, with executives expressing optimism about sales, even though manufacturing will be based at Nissan’s Barcelona, Spain, plant.  

This is to bring supplies close to the large European market, but Takao Katagiri, the company’s executive vice president, has said he is confident that the e-NV200 will quickly command niche sales in Japan.…