Search Results for: Australia

THE NEW Global Aviation Security Plan (GASeP) needs to be flexible and strategic, avoiding mandating detailed specific solutions that risk becoming outdated, the director general and CEO of the International Air Transport Association (IATA) has said. Commenting on the development of this plan by the International Civil Aviation Organisation (ICAO) in an exclusive interview with Jane’s Airport Review, IATA’s Alexandre de Juniac said We would like to see a plan that has clear strategic goals, backed up by ambitious and measurable targets.…

Air New Zealand and Virgin Australia have announced that they will be exploring a commercially viable investment project to create an aviation biofuel supply, after 30 organisations expressed interest in such an initiative. The goal would be generating sustainable local production of such fuels.…

China is increasingly looking to utilise international cooperation to tackle cybercrime and other offences, including financial frauds. This month alone, the Chinese government has signed crime-busting pacts with both Australia and the European police authority, Europol, following a similar China-US government deal forged in 2015.…

Swiss bank Credit Suisse is facing parallel investigations in five countries – Australia, France, Germany, the Netherlands and the UK for facilitating tax evasion and money laundering. The bank admitted in a March 31 statement that it was “cooperating” with local tax authorities which had contacted its London, Paris and Amsterdam offices the day before “concerning client tax matters.”…

A STAGGERING 62% of Asia-Pacific consumers (including China and India) buy natural and organic cosmetics and another promising 32% are keen to buy them – making the region a hotspot for manufacturers of such lines. But this impressive growth also has made the region a perfect breeding ground for greenwashing, experts warned.…

Shocking media images of dead animals and birds, killed by ingesting plastic in oceans have pricked the collective conscience of personal care product manufacturers and consumers as industry self-regulation over the use of harmful microplastics appears to have outpaced formal governmental regulation.…

A LARGE new office block near the National Concert Hall in Dublin could be the ultimate statement that Ireland’s medical technology (medtech) industry has come of age. With large windows set into sandstone-coloured walls, the building will house the headquarters of Medtronic, the US giant which moved its headquarters to Ireland in 2015 as part of a USD42.9 billion acquisition of rival Covidien, also based in Ireland but from a similarly American corporate background.…

EU PROPOSES BOOSTING ANTICARTEL POWERS OF NATIONAL EUROPEAN COMPETITION AUTHORITIES

A DIRECTIVE has been proposed by the European Commission that would ensure that national competition authorities across the European Union (EU) have a minimum level of powers enabling them to enforce EU antitrust laws.…

Manufacturers in China, which buys approximately 80% of Australian wool exports, are particularly nervous about the pricing, even as the beginning of the warmer spring season in the north of China is naturally reducing demand.

Chinese wool factories have been running 24/7 on Australian wool ever since the China-Australia Free Trade Agreement (ChAFTA) in December 2015 granted Australian wool exporters duty-free treatment for up to 30,000 tonnes of clean wool each year.…

THE DIAMOND trade is still one of money launderers’ best friends due the precious stone’s high value to mass ratio, akin to the highest value banknotes that can be obtained. Indeed, it is maybe harder to trace diamonds than numbered banknotes, there is no reliable means by which the point of origin of a particular diamond can be ascertained just by examining it.…