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The paint markets of the Gulf region’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), have rebounded since the Covid-19 pandemic and are slated for growth, driven by major investments in real estate and infrastructure projects.

“Over the past 18 months, we have seen a flat and slightly declining paint markets in the region.…

As the Nordic paint and coatings sector moves towards increasing sustainability, reducing its carbon and other emissions, including volatile organic compounds (VOCs), the region’s market is facing significant challenges. Inflation of prices for finished products is dampening demand – annual inflation in Sweden in December was 12.3%; Norway 5.9%; Denmark 7.7%; and Finland 9.1%.…

The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?…

Given the constant expansion and tightening of sanctions against Russian individuals and organisations since Russia invaded Ukraine last February 24, it is no surprise that Russians have developed innovative ways to evade these sanctions. Sanction Scanner, a UK-based screening and transaction monitoring service provider highlighted how Russians have been utilising peer-to-peer exchanges of digital currencies to help conceal the beneficial owner of crypto.…

The newest data released by the German Paint and Printing Ink Association (VdL) shows the fortunes of the German coatings sector were, in 2021, closely tied to the Covid-19 pandemic and increasing price of raw materials globally – causing weak short-term growth and an anticipated contraction in 2023.…

Worldwide, coatings companies specialising in manufacturing road pavement surface coatings are experiencing tailwinds, as the public and private sectors increasingly grow aware that these coatings present affordable solutions to major environmental problems.

A South Korean pavement surface coating developed by Incheon-based start-up Jchi Global (1), that reduces the scattering of fine dust in the atmosphere – which the World Health Organisation (WHO) says causes 7 million deaths-a-year worldwide from cardiovascular diseases, respiratory diseases (asthma, COPD), and more.…

 Alternative non-meat product sales may be growing in the USA, but more product innovation, including in ingredients, may be needed say experts, to persuade American consumers to continue embracing this segment rather than sticking to natural meat.

After robust sales growth was noted during the Covid-19 pandemic as US consumers experimented with new food products at home, concerns that this market expansion may be slowing appeared last year.…

Until social unrest in November forced China’s communist party dictatorship to abandon its tough Covid-19 controls, its packaged food retail sales looked healthy and seemed in decent shape to produce solid revenue in 2023. Data from China’s National Bureau of Statistics showed that the cumulative retail value of grain, oil and food products produced in China were worth Chinese Yuan Renminbi CNY903.2 billion (USD130 billion) in the first half of 2022, up 9.9% year-on-year (1).…

How should anti-money laundering (AML) officers prepare for a visit by a regulator, be it a scheduled inspection, or the worst-case scenario – an unexpected dawn raid? Experts say institutions need to always be prepared for checks by regulators.

However, this is not simple given a visit to assess an obliged entity’s internal controls’ ability to effectively monitor and manage compliance with national and regional AML policies and procedures can be rare.…

The European Parliament is grappling with the fallout of the Qatargate’ cash-for-influence corruption scandal. Greek socialist MEP Eva Kaili has been replaced as the parliament’s vice-president by a Luxembourg socialist, after Kaili was arrested by Brussels police. Officers allege they found EUR1.5 million cash at her home and that of former MEP Pier Antonio Panzeri, another socialist, from Italy.…