Search Results for: Climate change

The world’s anti-money laundering/combating the financing of terrorism (AML/CFT) system has come a long way since the G7 group of nations decided to launch the Financial Action Task Force (FATF) in July 1989. But Australian researchers have claimed AML/CFT compliance costs USD300 billion and only nets USD3 billion of an estimated USD3 trillion in criminal funds generated annually (a 0.1% success rate).…

EUROPEAN can manufacturers say that the European Union (EU) climate law’s target to cut carbon emissions at least 55% by 2030 compared to 1990 levels, compared to “between 50% and 55%” in the original proposal (1) and just 32.5% by 2030 in the 2018 law (2) will be a challenge, but one they are on track to meet.…

Low-quality assurance is to blame for the deteriorating quality of university education in Tanzania, after the country embarked on a fast expansion of higher education, a government audit report has shown.

The 2019/2020 report by the country’s Controller and Auditor General (CAG), presented to Tanzanian president Samia Suluhu in late March, documents that the country’s graduates’ competitiveness has been hampered by poor and outdated assurance mechanism.…

As the Turkish garment sector rebounds from the drop in sales last year due to the Covid-19 pandemic, the industry is looking to tap growing demand from European retailers – and consumers – for garments made closer to home, benefiting from its advantage of being the main near-shore supplier for Europe.…

As the Turkish garment sector rebounds from the drop in sales last year due to the Covid-19 pandemic, the industry is looking to tap growing demand from European retailers – and consumers – for garments made closer to home, benefiting from its advantage of being the main near-shore supplier for Europe.…

Two cargo vessels in Norway are being built to pioneer the use of hydrogen fuel cells to power engines as the international shipping industry starts to take measures to reduce its carbon footprint.

A consortium in southwest Norway is tapping a combination of European Union (EU) and government funds to design and build two vessels in what has been given the concept name of the Topeka project.…

The IFRS Foundation trustees have moved forward with their plan to develop global sustainability reporting standards, forming a working group to undertake technical work. It has been charged with focusing on enterprise value issues regarding sustainability assessments. It will also plan a potential international sustainability reporting standards board under IFRS Foundation governance.…

The United Arab Emirates’ (UAE) paint market was steadily ticking along prior to the Covid-19 pandemic, with more steady demand after double-digit growth during the construction boom of the mid-2000s.

And the first few months of 2020 started well, with solid sales.…

Mozambique’s tobacco leaf and processing sector is facing tough times. Cyclones such as this January’s Eloise, and Idai in 2019 have wreaked significant damage on tobacco plantations. Covid-19 has caused processing disruption and harmed legitimate distribution, encouraging an increase in black market cigarette sales.…

The increasing violence meted out by Myanmar security forces against protestors opposing military rule looks set to deepen disruption that has been suffered by the country’s clothing and textile industry since the February 1 coup.

According to local news reports, almost 60 people have been killed and 100s arrested during mass demonstrations and protests that have been continuous, with wood and corrugated iron forming barricades around neighbourhoods.…