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THE BALTIC States’ proximity to Russia and their position as a border between eastern and western financial markets, renders Estonia, Latvia, and Lithuania particularly at risk as regards money laundering.

Hard hit during the global financial crisis they have still made considerable strides towards improving anti-money laundering (AML) and combating the financing of terrorism (CFT) legislation while transitioning into the Eurozone: Estonia joined January 2011; Latvia will join this January; Lithuania wants to join by 2015. …

THE INCREASING complexity of mobile telecommunications networks and the companies that operate them highlights why telcos should leverage their user and performance data to optimise service. But with companies having to operate second and third generation services while rolling-out LTE 4G systems, this optimisation planning is no simple task, especially as it also has to include boosting monetisation while keeping customers happy with core services.…

The European Parliament today (Oct 10) voted to ban cadmium in portable batteries and accumulators used in cordless power tools such as drills, screwdrivers or saws. With the ban already accepted by the European Union (EU) Council of Ministers, the EU-wide ban will come into force from December 31, 2016.…

American scientists have developed a zinc-gold-copper alloy that is finely calibrated to be reshaped many times without losing strength. Speaking to Metal Bulletin, Professor Richard James, of the University of Minnesota, said that the alloy could have bulk applications and that with care, could be made by metal manufacturers: “For large applications, this is no problem.…

THE EUROPEAN Commission is consulting the pharma sector on planned changes to the European Union’s (EU) paediatric medicine development guidelines.

Brussels wants to know whether the existing regulation (EC) 1901/2006 is too much of a legislative straitjacket for regulators and the companies they work with.…

INDIAN consumer product company Godrej has been pushing into Africa’s hair care market with four acquisitions in the last five years, putting it in a strategic position to compete with major western companies.

Selling hair colourants, hair extensions and soaps in Africa through brands such as Inecto, Renew, Tura and Darling, Godrej is banking on Africa’s fast growing demand for cosmetics and other personal care products and is moving towards becoming an established multinational.…

For manufacturers looking for a cost effective fibre in current global markets, cotton prices are at last stabilising following the last few years’ price distortions and increases, said Mark Messura, US-based Cotton Incorporated’s senior vice president of global supply chain marketing.…

SENIOR figures within the global cotton industry are considering promoting sales of their fibre proactively for the first time, as price shifts are allowing synthetics to seize more market share. Kevin Latner, president of Cotton Council International, argued at the International Cotton Advisory Committee’s (ICAC) 72^nd plenary session, in Colombia, for the industry to persuade consumers that cotton is a sustainable and quality fibre.…

China’s textile industry must create new competitive advantages to compete with emerging low-cost producers such as Vietnam and Bangladesh in today’s tough export climate, according to a senior official with the China National Textile and Apparel Council.

“It’s clear from the trade data that apparel exports in low-cost countries including Vietnam and Bangladesh are growing faster than those in China and we must increasingly look to expand the value of exports rather than rely on bulk selling at low prices,” said Liu Yaozhong of the council’s international trade office at a seminar during the Intertextile Shanghai Apparel Fabrics trade show Tuesday.…

International and major domestic food companies who want a share of India’s fast growing branded food consumer markets have one major difficulty especially – dealing with the country’s underdeveloped and fragmented distribution networks.

These are especially complex given India’s cultural diversity.…