Search Results for: International business⊂mit=Search

Japanese paint companies have felt the impact of the coronavirus pandemic on their bottom lines over the last 18 months, although their fortunes appear to have diverged in the first half of this calendar year. Firms that have a strong presence in China, where the economy has already bounced back strongly, are faring better than those that are primarily focused on domestic sales or export markets still struggling to shake off the lingering effects of the global health crisis.…

Eastern Europe is often a region of diversity when it comes to paint and coatings sector trends, but in the past year, the Covid-19 pandemic has impacted most sectors in a similar way. They experienced booms in DIY decorative sales, weaker industrial coating sales and are mow struggling with increased input costs.…

The leaders of Nigeria’s Tertiary Education Trust Fund (TETFund) have unveiled spending priorities for a government agency that spent Nigerian Naira NGN300 billion (USD728 million) this past academic year (2020-1).

Speaking at the fund’s Taxpayers’ Forum, in Lagos, on August 12, Mr Kashim Ibrahim-Imam, the chairman of the fund’s board of trustees, said, working with Nigeria’s Federal Inland Revenue Service (FIRS), the fund had increased its Tertiary Education Tax take from NGN200 billion (USD485 million) and has tasked the FIRS to increase its tertiary education tax collection to NGN500 billion for next year (USD1.21 billion).…

INTERPOL has issued a global alert warning governments and health officials of fraud schemes run by organised crime groups offering fake COVID-19 vaccines.

The international law enforcement agency acted after reports of 60 cases in 40 countries where health officials received fraudulent offers for vaccines.…

INTRODUCTION

In a global textile and clothing market that is increasingly integrating design with functionality, the potential of luminescent yarns is becoming ever more apparent. The focus of groundbreaking research and development, there is widening diversity in this segment from luminescent coatings on yarns to those that integrate LEDs (light-emitting diodes).…

Analysed USA trade data from the professor who coined the phrase ‘trade-based money laundering’ have unveiled significant abnormal pricing in exports and imports to and from the USA, which could have been abused for ML. Prof John Zdanowicz, a business professor at the USA’s Florida International University, and long-standing TBML expert, shared analysed 2020 US trade data with MLB, and they include some eye-widening anomalous valuations.…

The Swiss Federal Council’s (Switzerland’s cabinet) May 26 unilateral decision to end seven years of negotiations on a new agreement to govern future relations between Switzerland and the European Union (EU), citing sovereignty concerns (1), closes the door on attempts to ensure the country has a formal link with EU AML/CFT legislation.…

AFRICA’s clothing and textile sector has been hit hard by Covid-19, with an emerging production industry being hit by falls in demand and disruption in supply chains. India-based market researchers Mordor Intelligence concluded in a report assessing the African industry’s prospects for 2021-5 that “disruption of the Covid-19 pandemic on global value chains and its impact on African businesses is already evident.”…

AS COVID-19 batters the world into its second year of the most destructive global pandemic since the Spanish Flu of 1919, its impact on AML/CFT is becoming clearer. FATF released an updated assessment in December (2020) (1) highlighting an increase in certain predicate offences caused by the disease itself and the increased online activity it has generated: phishing scams, business compromise fraud; internet child sex exploitation; corruption and fraud related to medical supply contracts; and property thefts of vacant homes and offices.…

“Yes, to coexistence.” It sounds like a platitude – yet sometimes, it is simply a statement describing a most important principle of real life. This statement is written on the entrance of the Max Rayne Hand in Hand School in Jerusalem, that teaches Jews and Arab students side-by-side.…