Search Results for: Climate change

BY ANDY HOLDER

Bankers mesmerised by the earnings potential of a transaction have often fallen into the trap of developing a kind of myopia that stops them looking at the ‘big picture’ with disastrous consequences. This kind of risk blindness seems to prevent them from following laid down internal controls and even willfully compromising them in the pursuit of profit, often to the detriment of others that get caught up in the scheme.…

BY KEITH NUTHALL

MANDATORY national and European Union (EU) contingency action plans must be drafted to deal with energy emergencies such as that recently provoked by the Russia-Ukraine gas row, MEPs have argued.

The European Parliament’s influential industry committee has suggested the idea in a set of wide-ranging recommendations for future EU energy policy.…

BY KEITH NUTHALL

EUROPEAN Union (EU) scientists have rejected a request by the South African government to lift import restrictions on South African citrus fruit because of infestations of Guignardia citricarpa Kiely, a fungus that causes citrus black spot disease. The European Food Safety Authority has dismissed South African arguments the fungus cannot spread in Europe because of its climate.…

BY ALAN OSBORN

A RELATIVE newcomer has joined the ranks of the world’s professionals in the financial services sphere – the anti-money laundering practitioner. True, not everybody would agree that he or she warrants a place up there with accountants, lawyers and the other traditional professionals.…

BY DAVID ANDERSON

ORGANISED crime is much more low-key in Russia today than in the wild-east days of the1990s. But that does not mean it has gone away. And, as David Anderson reports, the fluctuations in the price of oil are likely to provide plenty of opportunities for further illicit gains.…

BY RAGHAVENDRA VERMA

THE INDIAN textile and clothing industry is striving to make its own at least 10% of China’s annual garment export hail of US$115 billion: "This is not difficult to achieve because of cost factor and various other reasons", said Darshan Lal Sharma, managing director of Vardhman Yarns & Threads and a member of the Confederation of Indian Industry’s (CII) national committee on textiles.…

BY KEITH NUTHALL

PAINT and coatings manufacturers will be screening the latest classification of 200 chemicals by the European Commission as carcinogenic, mutagenic or harmful to reproduction, because their use could need special authorisation under the REACH chemical control system. Brussels has also added another 400 chemicals those covered by controls under the European Union’s (EU) dangerous substances directive.…

BY RAGHAVENDRA VERMA

"AUDITS are going to become far more stringent [in India] and people will run away from the profession", Amarjeet Chopra, Chairman of Accounting Standards’ Board of Institute of Chartered Accountants of India (ICAI) has predicted on the light of the Satyam Computer Systems scandal.…

By Alan Osborn

The failure of business to invest significantly in innovation projects remains the major weakness in the European Union’s (EU) research picture, says the European Commission. While there is "substantial progress" in some aspects of the EU’s innovation performance, investments by business in R&D and IT projects "are still relatively weak, especially if compared to the US and Japan," claims Brussels.…

BY ALAN OSBORN

THE COLLAPSE of the over-extended Icelandic banking system last October – the first and so far the most calamitous outcome of the global credit crunch – led to rowdy street protests in Reykjavik, the resignation of the prime minister Geir Haarde and his cabinet in January (26-1) and a pledge of new elections in May.…