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INTERNATIONAL REGULATORY ROUND UP – GRI WARNS RUSSIAN INVASION THREATENS SUSTAINABLE DEVELOPMENT



The Global Reporting Initiative (GRI) has taken a stand against the Russian invasion of Ukraine, stressing that alongside the human cost (596 civilians have been killed, said the UN by March 14), the military action threatens sustainable development. “A shared belief in our common humanity” is needed to tackle the Covid-19 pandemic, climate change and commit to UN sustainable development goals, said GRI CEO Eelco van der Enden: “Without a return to peace, the sustainability implications for Ukraine, the wider region and around the world, could be far-reaching.”…

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PERSONAL CARE PRODUCT SECTOR UNPHASED BY NEW CHINA PACKAGING STANDARD PROMOTING SUSTAINABILITY



A new Chinese standard aimed at controlling excessive packaging that comes into force September 2023 will be painful for the cosmetics sector in the short-term but promote sustainability in the long run, say analysts.

China’s State Administration for Market Regulation’s China GB 23350-2021 ‘Requirements of Restricting Excessive Package–Foods and Cosmetics’, announced September 2021, (http://www.gov.cn/xinwen/2021-09/03/content_5635105.htm)…

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TUNISIA FOOD SECTOR SHOWS HOW TO LEVERAGE DOMESTIC HALAL TRADITIONS FOR EXPORT CERTIFICATION



The Tunisian food sector is showing how an industry can leverage traditional halal practices in the domestic market to generate certification that enables its products to be exported to Muslim-majority markets worldwide.

“When we say a food product is halal and it is not haram (religiously forbidden), that does not just mean the absence of alcohol and pork, but also, and most importantly, it is halal because it does not harm the health of its consumers,” said Nawel Jebali, senior technician for the halal sector at Tunisian standards organisation, INNORPI (Institut National de la Normalisation et de la Propriété Industrielle), which issues renewable three-year halal certificates in the country.…

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OSINT CAN LAY GROUNDWORK FOR A SOLID FOCUSED FRAUD INVESTIGATION – AND EVEN MAKE A CASE, SAYS ACFE EXPERT



While fraud investigators benefit from emotional smarts and intuition, the ability to dig into online open-source intelligence – or OSINT – offers new practitioners an excellent way to scope out targets before subjects or witnesses are interviewed face-to-face. Mason Wilder, a research manager at the Association of Certified Fraud Examiners (ACFE), stressed how OSINT has been developed by experts of different disciplines and backgrounds sharing techniques to deliver an “almost limitless wealth of information and techniques that are incredibly valuable to investigators and often available free of charge.…

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UKRAINE AND RUSSIA CAN SECTOR FACES MAJOR DISRUPTION THROUGH RUSSIAN INVASION



The Russian government’s bloody and destructive invasion of Ukraine has harmed operations of the metal packaging sector and their aluminium and steel suppliers in both Ukraine and Russia, having an international impact on the can manufacturing and filling industry. New records are being set for the international price of aluminium, up 28% in 2022, reaching USD3,849 per tonne (1) on March 4, then settling back to USD3,398, approximately level with the price following a spike that occurred on February 24, right after the invasion began.…

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RUSSIAN CENTRAL BANK FUNDS FROZEN IN USA, EU AND UK



Russia today faced a further tightening of sanctions as its armed forces continued their unprovoked invasion of Ukraine, with the Biden administration freezing any Russian central bank assets held within the USA or by Americans. The same order has been imposed on funds owned by Russia’s National Wealth Fund and ministry of finance.…

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ASIA PACIFIC COATINGS DEVELOPERS TARGET NANOTECH ADDITIVES TO GENERATE MARKET GROWTH



The Asia-Pacific paint and coatings industry will play a key role the growing global nanotechnology-based coating market, with the region expected to register most significant expansion of production in the coming decade, said a market report titled Nano Coatings Market Size, Growth, Industry Analysis, 2022-2029, published in December 2021 by India-based DataM Intelligence (1).…

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DUTCH UNIVERSITY HEAD CALLS TO CAP INTERNATIONAL STUDENT NUMBERS



UNIVERSITIES in the Netherlands are calling on the Dutch Government to cap the number of international students to maintain the quality of their degree programmes, Pieter Duisenberg, president of the Association of Universities of the Netherlands (UNL), has told University World News (UWN) in an interview on February 14.…

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LOCAL START-UPS INNOVATE IN ASIA’S HIJAB HAIRCARE, GCC MARKET STILL UNTAPPED



Global haircare brands are starting to recognise a gap in the Muslim market as they launch products for hijab-wearing women and include them in marketing campaigns. L’Oréal’s Kérastase is the latest international brand to target this segment, having positioned its first anti-hair fall (loss) range, Genesis, to appeal to hijab-wearing women in Malaysia.…

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GROWTH IN ISLAMIC BORROWING MAY BOOST PAKISTAN’S NASCENT PROPERTY MARKET



Pakistan’s Islamic retail banking sector is expected to see impressive growth in the years ahead, aided especially by an increase in Islamic mortgage lending as more faith-oriented customers choose Shariah finance when buying or building a home. Pakistan is the second most populous Muslim country in the world and the demand from its 227 million people for Islamic financial services are expanding fast – albeit from a low base.…

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