Search Results for: Climate change

THE EUROPEAN Union (EU) and the UK are building a new energy trading relationship after striking the Christmas Eve EU-UK trade agreement that underpinned Britain’s final and full withdrawal from the EU on January 1.

This deal has extensive energy provisions, with the goal of ensuring EU electricity and gas suppliers can still export to the UK, and vice versa, through existing interconnectors.…

WHILE the UK’s exit from the European Union (EU) will bring significant change to civil aviation across Europe, extensive air industry provisions within the 1,256-page EU/UK trade and cooperation agreement agreed on Christmas Eve, means that significant disruption has been avoided.…

LUXEMBOURG may be a small country, but it is big in dairy, especially milk – with its other main products cheese, butter, butteroil and cream. Growth in the dairy sector of this Grand Duchy, similar in size to the UK country of Dorset and slightly smaller than the US state of Rhode Island, is continuing – even during the market disruption of the Covid-19 pandemic and Brexit.…

WITH Brexit out of the way, as far forging as forging a trade agreement with the UK is concerned, the clear priority of the current European Commission is its European Green Deal policy, which will significantly impact Europe’s energy sector. One strand of this ambitious plan to deliver European sustainability and climate-change neutrality by 2050 is energy efficiency.…

THE IFRS Foundation has released an advisory document helping accountants decide whether a business is a going concern, helping them make sounder judgements when Covid-19 is impacting revenues. The advice will help accountants decide whether a business will bounce back after the pandemic ends or go under anyway.…

NEW integrated paint manufacturing units in India with an annual production capacity of less than Indian Rupees INR500 million (USD6.6 million) will soon be exempt from securing prior environment clearance by the ministry of environment and forests (MoEF). This rule, covering plants with production facilities for resins and pigments, is expected to come into force early next year (2021) once the central government formalises and gazettes a new Environment Impact Assessment (EIA) Notification.…

WHILE New Zealand’s digital textile printing sector may be of moderate size, serving apparel, accessories and interior design markets, the country still manages to be an innovator with a taste for experimental work such as printing on merino wool. This of course reflects how NZ remains a global wool powerhouse and the country’s textile sector is always striving for competitive advantages.…

THE EUROPEAN Union (EU) is debating a major overhaul of its anti-money laundering (AML) legislation, forcing member states to abide by its AML rules to the letter, and creating a powerful EU AML supervisory agency. This would be the first such supranational body worldwide, working alongside a new collaborative system for financial intelligence units (FIUs).…

The Covid-19 pandemic has changed consumer behaviour as well as revenue streams for criminals, encouraging them to abandon certain laundering techniques in favour of others. Criminals have generated more money through cybercrime by attacking unwary computer users unused to using personal computers at home.…

The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.

Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…