Search Results for: European Parliament⊂mit=Search

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).…

The shifts and volatility of the Malaysian Ringgit (MYR) against USD dollar has remained an important challenge for the Malaysian Textile Manufacturers Association and its clothing and textile manufacturing members.

Between July and September this year, the USD1/Ringgit fluctuated significantly, underpinned by both global and domestic factors, with the MYR/USD1 rate moving between July and early August between MYR4.55 and MYR4.69, making profit margin assessments a challenge for imported inputs and overseas sales.…

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.”…

Romania uncovered EUR419 million’s worth of fraud associated with European Union (EU) spending programmes in 2023, detailed reports issued by the European Commission have revealed. The major spike in swindles, far above levels reported by other EU member states, were inflated especially by two sets of swindles associated with the EU Cohesion Fund, the bloc’s main regional development scheme, each accounting for around EUR168 million (2).…

The New York-based International Auditing and Assurance Standards Board (IAASB) is revising its International Standard on Auditing ISA 240 – ‘The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements’ to help auditors play a more direct role in detecting and investigating fraud (1).…

With the global commodities market valued at USD121.2 trillion in 2024 and expected to generate USD136.8 trillion in 2029 (1), the scope for fraudsters to make money from this sector is vast. German statistical service Statista notes that commodities sales have latent augmentation, given that it all includes emissions trading systems expanding worldwide, along with energy products, food and drink, precious and industrials metals and more.…

The advent of generative artificial intelligence (GenAI) digital tools that can create content including text, computer code, images, audio, sound, and video, in response to a user’s ‘prompt’ – usually a short written description of the desired output – has exposed new vulnerabilities for intellectual property (IP) protection.…

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.…

Research, innovation and education must be the centre of European Union (EU) policy making and the EU should invest more in it. That is a key message of Mario Draghi – former European Central Bank (ECB) president and Italian Prime Minister in his report on ‘The Future of European Competitiveness’ released on September 9, in Brussels.…

Cybercrime has spanned national borders as it has increased exponentially in recent years. However, despite often being carried out in multiple jurisdictions that require a coordinated multinational response, tackling such crime has been hampered by the lack of international cooperation. Paul Cochrane reports.…