Search Results for: International business

The global market for tallow, traditionally a common ingredient in the production of soaps, detergents, and lubricants, is undergoing considerable movement, driven by rising consumption of meat products coupled with the rising usage of tallow in the pharmaceutical, cosmetic, biofuels and feeds industries.…

Implementing international sanctions is never easy, but the sanctions regime on Iran is highly complex, buffeted by shifting diplomatic stances. With its Security Council ally Russia relying on Iranian military and technology supplies for it to pursue its invasion of Ukraine, time-limited UN restrictions on Iran’s nuclear programme officially lapsed on October 18.…

The European Commission has published an extensive list (1) of the European Union’s (EU) politically exposed persons (PEPs) who should be subject to greater due diligence in banking and other transactions. The list covers functions, not individuals, in the bloc’s 27 member states and the EU’s own institutions.…

Hong Kong-based shirtmaker Esquel has been developing natural dyes to boost its sustainability, seeking similar quality colours and fastness to dyes based on artificial finishing chemicals. These innovations were explained during the company’s annual Esquel Integral Conversation event, tis year held on October 26, as usual in Guilin, southern Chinaat Esquel’s Integral Sustainable Development Garden.…

The UK government’s British Business Bank (BBB) has cancelled some guarantees offered to banks to lend to crisis-hit businesses during the Covid-19 pandemic. Figures obtained by Reuters under a freedom of information (FOI) request show that the state-owned financier had withdrawn guarantees to loans made by commercial banks, which it had originally underwritten at the height of the health crisis, worth GBP979 million pounds (USD1.2 billion) linked to 10,786 outstanding loans by October 11.…

The ability of computer algorithms to identify outlier behaviour and indicate potential fraud is becoming stronger as IT specialists, mathematicians and AI develop new applications and techniques, offering anti-fraud professionals better tools to unearth and prosecute financial crime.

A McKinsey report from November 2022 (1) noted how companies are using machine-learning algorithms to assess data to maximise fraud detection through reducing false positives and missed fraud.…

While the global economy has not performed as badly in 2023, as inflation-focused doomsayers predicted (the International Monetary Fund has projected 3% growth for 2023 and 2024, down from 3.5% in 2022), companies are still struggling, especially with interest rate rises.…

The increasing risks posed by creative high-tech crime have been highlighted in the first European Financial and Economic Crime Threat Assessment released by European Union (EU) police agency Europol. It concluded criminals have weaponised the drift to digital finance, work and business.…

Usually, free trade agreements are good news for dairy industries, or, at worst, one sector feels it has lost out compared to its competitors affected by a deal. But after the European Union (EU) and New Zealand signed a free trade agreement (FTA) this July (2023), after four years of negotiation, both the European and NZ dairy sectors – important global players – were underwhelmed by its terms.…

Latin America’s largest economy, Brazil, has confirmed plans to make International Sustainability Standards Board (ISSB) reporting standards mandatory from January 2026, having already authorised voluntary use by public companies and investment funds from 2024. The country’s finance ministry and its securities regulator the Comissão de Valores Mobiliários (CVM) have confirmed the move under CVM resolution 193.…