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Governments and major auto companies worldwide are vying to be sustainable transport champions, declaring ambitious goals for a switch to electric and zero-emission vehicles as well as other measures to green up their fleets. But environmentalists say that ‘green-botching’ where environmental measures are being implemented by governments and companies so badly that they undermine their green goals is becoming a real problem.…

As decentralised finance (DeFI), non-fungible tokens (NFT) and associated crypto-currency based technologies expand in scope, regulators are playing whack-a-mole to try and ensure services are covered by AML/CFT legislation. It is sometimes not fit-for-purpose, with a US Treasury risk assessment (1) released in April (2023) stressing that some DeFI services could legitimately be exempt from Bank Secrecy Act (BSA) AML/CFT rules.…

The US Inflation Reduction Act (IRA) is pushing the European Union (EU) and the UK into paying more subsidies to attract battery electric vehicle (BEV) and battery production to Europe.

While the UK’s Advanced Propulsion Center (APC) forecasts 5 million more BEVs globally by 2030, requiring 3,306 gigawatt hours (GWh) in batteries, (1), the US and China may benefit more in production terms.…

Consumers in the rich east Asian markets of Japan and South Korea are increasingly keen on heated tobacco and vape products, although regulatory hurdles are restricting sales growth.

E-cigarettes that contain nicotine have long been prohibited under Japan’s Pharmaceutical Affairs Act in 2010 (1), although products without nicotine are proving popular with young adults, aged up to 29, according to a study by the Osaka International Cancer Institute (2) published in 2022.…

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

From tackling the garment industry’s waste challenges, to proving a product’s provenance and providing infinite creative opportunities for designers, ‘digital twins’ – a digital reproduction of real-life clothing or accessories – are already providing significant benefits.

Lui Iarocheski, VP of marketing and new ventures at PlatformE – a Porto, Portugal-based fashion tech company offering mass customisation at scale for fashion brands told Just Style: “The beauty of a digital twin is that it carries rich data.…

China’s Zhongguancun Inspection, Testing and Certification Industry Technology Alliance has released a standard to promote Chinese conformity with European Union’s (EU) REACH chemical control regulation in the automotive industry. The standard proposes REACH-compliant restrictions on REACH-regulated automotive chemicals, including paints and coatings.…

Worldwide, coatings companies specialising in manufacturing road pavement surface coatings are experiencing tailwinds, as the public and private sectors increasingly grow aware that these coatings present affordable solutions to major environmental problems.

A South Korean pavement surface coating developed by Incheon-based start-up Jchi Global (1), that reduces the scattering of fine dust in the atmosphere – which the World Health Organisation (WHO) says causes 7 million deaths-a-year worldwide from cardiovascular diseases, respiratory diseases (asthma, COPD), and more.…

The European Union (EU) food and drink industry is preparing to lobby to improve reforms proposed by the European Commission to EU packaging and packaging waste legislation. Industry association FoodDrinkEurope has said they will “require significant improvements to be workable”. In particular, the association is concerned about mandates within a proposed regulation that food and drink companies ensure growing proportions of their packaging be made refillable or reusable.…

The International Accounting Standards Board (IASB) has formally proposed amendments to IAS 12 Income Taxes to take account of ‘Pillar 2’ of the OECD’s BEPS tax model, suspending rules on accounting for deferred taxes, while its implications are assessed. The IASB has acted because the European Union (EU) in December agreed a directive to make Pillar 2 compulsory in the EU – telling multinationals (and large domestic companies) to pay 15% minimum tax rates in member states where they trade.…