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INTERNATIONAL TECHNICAL UPDATE – IASB RELEASES NEW STANDARD FOR INDUSTRIES WITH PRICE REGULATORY CONTROLS



The International Accounting Standards Board (IASB) has proposed a new accounting standard helping companies whose income can be changed by rate regulations, to give a clearer picture about their financial performance. Sectors covered include utilities and public transport, whose charges are often capped by governments.…

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ISLAMIC FINANCE FLOURISHES IN THE GULF AND SE ASIA



Islamic finance is flourishing across parts of the Middle East and south-east Asia. Assets are increasing, there is a greater diversification in product offerings, and Islamic fintech is starting to take off.

Islamic finance assets were estimated at USD2.88 trillion globally in 2020, and are forecast to grow at a CAGR of 5% to 2024, to reach USD3.69 trillion, according to New York-based research firm DinarStandard’s State of the Global Islamic Economy (SGIE) 2020-21 report.…

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BREXIT TO SPELL COSTS AND DELAY FOR CAN MANUFACTURERS, SAY EXPERTS



THE UNITED Kingdom’s definitive exit from the European Union (EU) on December 31, 2020, after an 11-month transition period, will severely disrupt the UK and European can manufacturing industry, experts have told CanTech International. That said, industry figures acknowledge however that, by avoiding blanket tariffs and a ‘no-deal’ Brexit, the UK/EU Trade & Cooperation Agreement (TCA) (1) signed on Christmas Eve did head off economic disaster. …

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SHIFTING AND VARIED LABELLING RULES ARE MAJOR COMPIANCE CHALLENGE FOR INTERNATIONAL BEAUTY BUSINESS



REGULATIONS affecting what information can, should and cannot be placed on personal care product packaging are among the most demanding of compliance issues facing beauty manufacturers.

One reason is that this is both a very international field and a dynamic one – rules change all the time and vary widely from market to market.…

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UK UNIVERSITIES TURNING BLIND EYE TO NIGERIAN MONEY LAUNDERING ASSOCIATED WITH FOREIGN STUDENTS, SAYS REPORT



UK universities and private schools are turning a blind eye to Nigerian political elites laundering dirty money through their fees and support payments to their children, according to a paper published by the Carnegie Endowment for International Peace. Sara Lewis and Samuel Okocha report.…

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UK UNIVERSITIES TURNING BLIND EYE TO NIGERIAN MONEY LAUNDERING ASSOCIATED WITH FOREIGN STUDENTS, SAYS REPORT



 

UK universities and private schools are turning a blind eye to Nigerian political elites laundering dirty money through their fees and support payments to their children, according to a paper published by the Carnegie Endowment for International Peace. Sara Lewis and Samuel Okocha report.…

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TEXTILE COATINGS EVOLVING IN LEAPS AND BOUNDS TO MEET NEW CHALLENGES



In the modern textile industry, coating, surface modification and laminating are the key means to tailor textiles and nonwovens to create functional products for specific, often high-performance, applications.

Such techniques have offered the sector potential advantages as it entered uncharted terrain in 2020, being at the forefront in humankind’s fight against the Covid-19 pandemic.…

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Streets of Lagos, Photo By Samuel Okocha

International News Services’ Nigeria correspondent explores Lagos city life in vivid photographic book

LAGOS is Nigeria and Africa’s most populous city - a fast-moving and changing metropolis that plays home to both the country’s super-rich and the super-poor. It’s Nigeria’s commercial capital. It is the hub of its dynamic music industry, growing arts scene and tech startups.

International News Services’ Nigeria correspondent, Samuel Okocha, has produced a photographic book showing a candid glimpse of the city. “It’s also a product of my strong interests in street photography which has been therapeutic for me,” Samuel said. “Street photography helps me slow down in a crazy fast moving city like Lagos.…

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COVID-19 SECOND WAVE IN MALAWI FORCES GOVERNMENT TO CLOSE UNIVERSITIES AND COLLEGES FOR THREE WEEKS



Malawi universities and colleges have been closed for three weeks from Monday January 18, following a second wave of Covid-19 that has taken a heavy toll, with daily reports of increasing infections and deaths.

This includes two cabinet ministers who died earlier this month – public works minister Sidik Mia and local government minister Lingson Belekanyama.…

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SOMALIA LAUNCHES NATIONWIDE QUALITY ASSESSMENT OF HIGHER EDUCATION INSTITUTIONS



 

Somalia education officials are moving ahead with comprehensive assessment of the country’s universities and colleges as this year begins. The assessment is being carried out by the ministry of education, culture and higher education’s National Higher Education Commission (NHEC), with the goal of ensuring higher education quality does not fall below unacceptable standards.…

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