Search Results for: France

SUB-SAHARAN Africa may not have been the most fertile ground for technological innovation in the clothing, textile and fibre sectors but speakers at an International Textile Manufacturers Federation (ITMF) conference in Nairobi, Kenya, September 7-9, stressed the best way ahead.…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend EUR100 million to the concessionaire operating Belgrade Nikola Tesla Airport, Serbia.

The money would be borrowed by the subsidiary of France’s Vinci Airports operating Nikola Tesla – Vinci Airports Serbia d.o.o.…

A EUROPEAN Court of Justice (ECJ) advocate general has advised the court to allow organic labels to be fixed to meat and poultry products from livestock killed under religious rules, such as halal and kosher, without pre-stunning.

This formal opinion from Advocate General Nils Wahl argued that European Union (EU) organic production laws do not insist that animals be stunned before slaughter, only that their suffering be minimised.…

The new director of the UK Serious Fraud Office (SFO), Lisa Osofsky, has highlighted strengthening international cooperation in the fight against fraud as a priority in her new job. Dual American-British national Osofsky, who comes with a background as a federal prosecutor in the US, particularly wants to step up cooperation on deferred prosecution agreements (DPAs).…

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

THE CONTINUED vulnerability of European Union (EU) revenue collection and spending to fraud has been brought into sharp relief by a new European Commission statistical analysis on financial crime.

That said, a working paper noted that in terms of revenue through external import duties (called ‘own resources’ in EU jargon) detected fraud cases involving EUR10,000 or more alone in 2017 indicates losses have been falling – but still to EUR76 million.…

THE INTERNATIONAL Public Sector Accounting Standards Board (IPSASB) has released a new standard on reporting financial instruments – IPSAS 41 – to improve the relevance of financial assets and liabilities data. It replaces financial instruments reporting rules in IPSAS 29, introducing a single classification and measurement model for financial assets, considering an asset’s objective and cash flows.…

With lower battery and auto prices boosting the battery electric vehicle (BEV) market in Europe, the race is on to ensure there are enough fast-charging stations to satisfy demand. 

The European Automobile Manufacturers’ Association (ACEA) warned European Union (EU) lawmakers July 5 that plans to force a continent-wide switch to BEVs through swingeing cuts in CO2 emissions caps for manufacturers, was doomed to fail due to the lack of charging points.…

SUPPORTERS of the European Union (EU) as a political concept stress how it has the vision, and the money, to promote energy projects of common interest (PCIs) between its (for now) 28 member states. Their goal is to promote an effective continent-wide energy market that offers European citizens more security in their supply of gas, electricity and to a lesser extent oil.…

NEW European Union (EU) rules on whistleblower protection proposed by the European Commission will help the fight against money laundering and terrorist financing, EU experts have told Money Laundering Bulletin.

The proposals unveiled on April 23 for a directive ‘on the protection of persons reporting on breaches of Union law[*], “will strengthen the enforcement of the fourth anti-money laundering directive [4AMLD], complementing the directive’s existing rules [Article 61] on whistleblower protection, aligning them with the common high standards of protection,” a Commission official said.…