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Despite the rise in alternatives, notably prepaid cards and cryptocurrencies, such as Bitcoin, cash remains the instrument of choice for the world’s money launderers, say anti-money laundering experts.

Indeed, they say that a July 2015 report from European police agency Europol ‘Why is cash still king?’…

SINCE the 2015 nuclear agreement between Iran and the USA, the UK, Russia, France, China, Germany and the European Union (EU), foreign financial institutions have – in theory – been allowed to do business with Iran.  But the reality – as ever with relations with Iran – is proving to be a good deal more complex.…

THE EUROPEAN food industry is supporting the European Commission’s bid to ensure food brands do not offer variable quality versions of the same product in different parts of the European Union (EU). Indeed, it is backing the introduction by the EU executive of new testing methods for regulators, that are due to be rolled out in April.…

THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…

THE EUROPEAN food industry is supporting the European Commission’s bid to ensure food brands do not offer variable quality versions of the same product in different parts of the European Union (EU). Indeed, it is backing the introduction by the EU executive of new testing methods for regulators, that are due to be rolled out in April.…

THE INDIAN perfumery and cosmetics sector is facing increased taxation and shortage of raw material supplies even as it is yet to cope with the functioning of the country’s new Goods and Services Tax (GST).

In the national budget presented on February 1, Indian finance minister Arun Jaitley doubled the customs duties for cosmetic and toiletry preparation products from 10% to 20% “to provide adequate protection to the domestic industry”.…

THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…

TURKEY has become “a powerhouse” in the nonwovens sector and forecasts predict further growth of between 5-10% this year with “game changer” new products coming to market, according to industry insiders – but overcapacity is keeping margins tight, they warn.

Turkey is the largest nonwovens producer in the Middle East, and now the second largest in Europe, according to European nonwovens industry association EDANA.…

IF there is one issue that is a key focus of the north American nonwovens sector this year, it has to be the renegotiation of the North American Free Trade Agreement (NAFTA) between the USA, Canada and Mexico.

Tri-lateral talks have now reached their eighth round, with an objective of achieving a new deal by this summer, although observers believe this timescale might slip.…

IF there is a quality that gives many Israeli companies an edge internationally, it is innovation. And this trait can certainly be said to run through the work of Israeli apparel major Delta Galil, based in Caesarea, northern Israel.

“We could not succeed if we were not innovative” said Isaac Dabah, the company’s CEO of Delta Galil, in an exclusive interview with just-style, held at his office.…