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New members of the European Commission have been proposed for the next 2024-29 term, starting November 1, with knitwear lobbyists facing experienced hands in the key trade and economy/de-regulation portfolios. Re-appointed Commission president Ursula von der Leyen has nominated Maroš Šefčovič, of Slovakia, as trade and economic security; interinstitutional relations and transparency Commissioner, for example.…

Auditors can play a major role in fighting fraud, with the onset of sustainability reporting creating a new opportunity to sniff out swindles. Keith Nuthall reports.

While the initial goal of audits is not to detect fraud, rather to say whether financial statements (and latterly, sustainability reports) are accurate, these assessments do often uncover crime.…

The Ghanaian government has welcomed an “unprecedented increase” in cocoa prices in the 2023/24 season of 129.36% year-on-year as the market responded to production declines worldwide – costing chocolate manufacturers dear. Ghana’s food and agriculture minister Bryan Acheampong said Ghanaian cocoa prices had risen from Ghanaian Cedi GHS20,928/tonne (USD1,325) and GHS1,308 (USD82.80) per 64kg bag in September 2023 to GHS48,000/tonne (USD3,030) or GH3,000 (USD190) per 64kg bag as the season wrapped last month (September 2024).…

In a “scary” world that is moving faster, adhesive businesses should assess opportunities to innovate, focusing on their “your sense of timing”, innovation expert Peter Hinssen told participants in the FEICA 2024 European Adhesive & Sealant Conference. Speaking in Noordwijkerhout, the Netherlands, Hinssen, partner at consultancy nexxworks, told members of the Association of the European Adhesive and Sealant Industry (FEICA) companies should not wait until they are at their peak or past it, to reinvent themselves: “That doesn’t work anymore.…

Autonomous Chinese gambling centre Macao has been responding to pressure from Beijing to tighten controls on gaming, amidst ongoing concerns that the special administrative region (SAR) is a hub for dirty money, washing through its casinos.

The Macanese government expects its tiny peninsular and associated islands of 33.3 square kilometres to generate gross gaming revenues of Macao Patacas MOP216 billion (USD27 billion) in 2024, up from MOP183.1billion (USD22.8 billion), recovering from a Covid-19 induced slump (1).…

Portuguese textile and garment industry executives have told Just Style how they can attract more international buyers and export sales at a tough time for the sector, through its sustainability, quality, innovations and proximity to main markets.
They were speaking at the 60+4 edition of Modtissimo, the oldest international textile fair in the Iberian Peninsula, in Matosinhos, northern Portugal, on September 12-13 (1).…

Profiling fraudsters can hone anti-fraud responses, helping investigators short-list likely suspects for detailed evaluation – and with profiling research and experience expanding, the effectiveness of such approaches is sharpening.

Forensic accountant and fraud examiner Dave Oswald, who runs Canadian anti-fraud consultancy Forensic Restitution (1), said: “Fraudster profiling can provide valuable insights into the minds of those who commit these crimes, helping law enforcement agencies and organizations to prevent, detect, and respond to fraudulent activity.”…

Australia is set to establish one of the world’s largest renewable energy production centres, capitalising on the vast solar and wind resources of the remote Pilbara region of the state of Western Australia. The private initiative, currently led by BP, represents a significant step in the nation’s push toward renewable energy and its current goal of achieving net-zero emissions by 2050, encouraged by the country’s centre-left Labor government.…

New members of the European Commission have been proposed for the next 2024-29 term, starting November 1, with paint and coating industry lobbyists facing experienced hands in the key trade and economy/de-regulation portfolios. Re-appointed Commission president Ursula von der Leyen has nominated Maroš Šefčovič, of Slovakia, as trade and economic security; interinstitutional relations and transparency Commissioner, for example.…

The Argentina tobacco leaf sector is optimistic about its 2025 season (February to April), thanks to the policies launched by the government of the libertarian and right-wing outsider President Javier Milei, who took office last December (2023), and growing international demand.…