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The list of Russian assets seized by its European and north American opponents grows ever larger, with super yachts joining bank accounts and expensive properties being sequestered. But could they be sold? Should they be sold? And should the money be spent on rebuilding Ukraine, if it drives out the Russian invader?…

If proof were needed that the European Union (EU) was genuinely concerned about the boom in energy prices sparked by Russia’s bloody invasion of Ukraine, it is surely a decision made by the EU Council of Ministers on September 30 to back an EU energy tax law, for implementation on December 1 (2022).…

The Chinese infant formula industry will hit a regulatory milestone in February (2023) with the introduction of new national standards first published last year (2021) by the country’s National Health Commission. These standards, including GB10765-2021 (1) promise to make labelling “more scientific”, thus improving quality of products.…

In recent years, Iranians have been driving growth in the Middle East’s cosmetics market, but worsening economic and political developments in Iran have restricted this growth. That has not deterred some personal care product companies, however, who continue to prosper in the country, whose market of 84 million people has significant potential.…

Caribbean islands offering offshore financial services have been named on a European Union (EU) blacklist that claims to target jurisdictions who give companies unfair tax breaks when parking their money in local bank accounts. The EU Council of Ministers on October 4 added the Turks & Caicos Islands, a UK overseas territory (OT), to the list, while re-listing another UK OT, Anguilla, which had been removed as recently as last October (2021) and The Bahamas, which had been removed in 2018.…

Concern about rapid increases in consumption in heated tobacco and the European Union’s (EU) stated ambition to reduce all tobacco use by 2040 so that less than 5% of the 27 member countries’ 447 million people is pushing EU policymakers towards tightening vaping and e-cigarette controls.…

The Germany-based Saxon Textile Research Institute (STFI – Sächsische Textilforschungsinstitut) (1) has been working hard on developing textile grippers as tools that replace the human hand as the industry increasingly adopts automation. (2) STFI analysis sent to Textile 4.0 stressed the need for a wide variety of grippers given the large variety of fabric workpieces in clothing and textile manufacture.…

The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members.…

India’s nascent wine market is dominated by domestic brands trying to overcome low awareness about wine among Indian consumers, while dealing with high taxation and cumbersome trading regulations. However, these wine companies are confident of achieving high sales growth in the short and medium term, with market projections looking healthy, even if they vary widely.…

The Chinese are eating more cheese than ever.

China’s cheese market size reached Chinese Yuan Renminbi CNY/RMB6.32 billion in 2020 and is expected to grow at a CAGR of more than 8% during 2020-2025, according to a 2022 report from GlobalData, the market researcher that owns Just Food.…