Search Results for: Latvia

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

WHILE Japan has freed up its electricity market, in 2015, end-user price regulation was still applied to household electricity markets in 12 European Union (EU) member states (46% of electricity and 54% of gas price offers from different service providers), Europe’s electricity industry association Eurelectric spokesperson Anamaria Olaru told Energy World.…

Russia’s economic woes are well-documented, yet, rather than mirroring the financial downturn, its personal care market and industry has remained comparatively healthy. Beneath these encouraging figures, however, strong currents appear to be instigating long-term changes to the sector, notably an increasing preference for cheaper products by hard-pressed consumers.…

THE EUROPEAN Chemicals Agency (ECHA) is investigating if European Union (EU)-wide controls are needed to protect consumers against substances used in tattoo inks and permanent make-up (PMU) – with one solution expanding the scope of the EU cosmetics directive.

While the printing ink industry has suffered a recession, the tattoo and PMU ink sectors are booming in the wake of a huge increase in purchases of tattoos EU-wide.…

FACED with the twin threats of Brexit and a new US President-elect who prefers bilateral relations to multilateralism, the European Union (EU) and its institutions are nonetheless pushing ahead with forging a collaborative system of anti-fraud law enforcement.

In a sign that such initiatives draw overwhelming backing from European Parliament political groups, the EU’s elected assembly, its plenary has backed by 545 votes to 91 a detailed call for the European Commission to review its legislation against corruption and organised criminals.…

EUROPEAN Union (EU)-safety rules are needed for more materials in contact with food, such as those used in packaging, kitchen utensils and tableware, a European Parliament motion has said. MEPs said that only some of these materials, such as plastics and ceramics, have been fully tested for safety for human health.…

THE DEVELOPMENT of electricity interconnectors crossing national borders is simultaneously a technical and geo-political act, requiring careful planning and skilled installation of technology, along with an eye towards promoting security of power supplies.

Such investments are a priority of the European Union (EU) and its member states under its Energy Union programme.…

A key element of Russia’s bans on European Union (EU) food exports was challenged today, with the World Trade Organisation (WTO) saying the country’s bans on European Union (EU) exports of pigs, pigmeat and related products, imposed over African swine fever (ASF) cases, breach global trade laws.…

THE EUROPEAN Commission’s latest EUR500 million support package for European farmers, finalised at an August 26 European Union (EU) committee in Brussels, will not ease the dairy crisis, European dairy groups have warned.

“Production cuts is the label used to describe the current package of measures,” said the EU farm lobby group European Milk Board (EMB)’s president Romuald Schaber following the initial announcement of the plans in July.…

IN an ever more interconnected world, where reliable energy flows are of critical importance to sophisticated developed economies, the role of diplomacy in helping keep oil and gas flowing is perhaps more important than ever before.

Of course, oil and gas has always been an international business.…