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Cannabidiol oil, or CBD oil, has steadily become a more in demand commodity supplied by the bio-based oils and fats industry due to rising product usage in food, pharmaceuticals, supplements, nutraceuticals, lotions, shampoos, soaps, bath gels, massage oils and cosmetics.

Product developers stress how CBD products can provide consumers with relief for anxiety, depression and post-traumatic stress disorder.…

Mexico’s largest automotive industry association, the AMIA (Asociación Mexicana de la Industria Automotriz) is optimistic about the Mexican sector’s future, despite having to recover from Covid-19 disruption, continued semi-conductor shortages and government support for used car sales.

Speaking to Wards Auto, AMIA president José Zozaya said current production halts because of chip-related parts shortages should end in 2022’s second semester, having already been reduced to hours a week from days in late 2021.…

Sophisticated technologies offer companies the chance to better fight fraud and corruption, even if such tech also aids criminals. The international Association of Certified Fraud Examiners (ACFE) discussed the latest trends at its annual conference in Nashville, USA, from June 20-22.…

The size of the global non-fungible token (NFT) market has exploded since the beginning of 2021 and, as ever with the growth of a novel asset, fraudsters have been creative in exploiting its sale and purchase to make dishonest gains. One benefit for fraudsters seeking to attack immature markets is unstable valuations, in this case of unique digital assets consisting of data stored in a blockchain.…

The costs of investigating fraud have increased over the past three years, according to 79% of respondents to a global survey, with 26% overall and 49% of companies with a turnover of more than USD15 billion seeing this increase as significant, said risk assessment specialists Kroll.…

Sri Lanka’s clothing export sector is facing economic and political chaos in its island country as its President Gotabaya Rajapaksa imposed a state of emergency on Friday (April 6) amidst spiralling protests and foreign currency reserves collapsing to below USD50 million.…

After a strategic review of the work of the Financial Action Task Force (FATF), beginning in June 2019, AML/CFT observers were wondering if major change would follow when member states concluded how they would respond following the body’s April (2022) ministerial meeting.…

INTRODUCTION

In the competitive and innovative world of smart textile manufacturing and sale, companies strive to maximise functionality and minimise costs. Their ingenuity is the basis of their competitiveness. But as with all industries, some costs are out of their control.…

Another major auto manufacturer has announced a significant investment in Canadian electric auto production, this time GM, who this morning (Monday April 4) said it would sink more than Canadian dollars CAD2 billion (USD1.6 billion) into establishing an EV vehicle plant at CAMI, Ingersoll.…

The Canadian auto sector has expressed disappointment that its federal government has not done more in its latest budget, released on April 7, to finance the expansion of electric vehicles sales.

While industry associations have welcomed an expansion of financing for EV purchase subsidies and the development of battery mineral production, more money was needed to encourage sales, they said.…