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Times might be tough in Italy, with annual inflation at 9.4% (in September) and sluggish growth of 2.5% projected for 2022 (OECD data), but Italians are drinking more coffee, including supermarket sales for home-brewed drinks.

In 2021, Italian roasted mass market retail coffee sales exceeded EUR1.3 billion overall, said IRI, up 1.1% year-on-year, driven by the single-serving pods and capsules and grains segments.…

Enforcement action to tackle foreign bribery in compliance with the OECD Anti-Bribery Convention (1) declined from 2018 to 2021, according to Transparency International (TI), after reviewing 47 leading export economies. These were 43 convention signatories plus China, India, Hong Kong and Singapore.…

British banking trade association UK Finance is warning that “the level of fraud in the UK has reached a point where it must be considered a national security threat”. In its ‘2022 half year fraud update’ (1), it said that despite spending billions on fraud prevention, “the banking sector cannot solve this on its own.”…

More than 60% of police officers surveyed worldwide ranked crimes such as money laundering, ransomware, phishing and online frauds as high or very high threats, in Interpol’s first-ever Global Crime Trend report (1). Furthermore, more than 70% expect crimes such as ransomware and phishing attacks to increase or significantly increase over the next three to five years.…

 
The European Union’s garment and textile industry pushed this Thursday, October 13, in Oporto, Portugal, for global rules to fight climate change to ensure fair competitiveness, with more international harmonisation of sustainable standards.
These wishes were expressed in the conference ‘Sustainability meets Competitiveness – how to square the circle?’,…

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.…

The South Korean aesthetics market is regarded by UK-based market researcher GlobalData as the fastest growing in the Asia-Pacific region, with an anticipated compound annual growth rate (CAGR) of approximately 7% between 2022 and 2030, displayed remarkable resilience during the pandemic.…

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.…

The International Sustainability Standards Board (ISSB) has started detailed work on helping smaller companies apply its draft standards on general disclosures and climate reporting. A board meeting in Frankfurt, Germany, “discussed how it could give more consideration to the range of capabilities and preparedness of entities around the world to apply the proposals…”, said its minutes.…

Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.

That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…