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CORRUPTION saps economic competition that drives productivity improvements and grows emerging market economies – this is a key reason behind the establishment of the Commonwealth Africa Anti-Corruption Centre (CAACC). Another is the established link between the perception of risk from corrupt practices in a country and foreign economic investment.…

Company-compliance programmes are not sufficient to act as a defence against a “failure-to-prevent” prosecution under section 7 of the UK Bribery Act, a senior Serious Fraud Office (SFO) official has told a specialist conference.  Camilla de Silva, Joint Head of Bribery and Corruption at SFO told an ABC Minds Financial Services conference, London, that it will be up to the courts to decide if a company’s compliance programme “is adequate enough to form a defence under the Bribery Act,” but she added: “Since the passing of this act, we, the SFO, have yet to encounter a corporate with sufficient confidence in its compliance programme to persuade us of its adequacy or run a section 7 defence argument in court.”…

THE UK may have a formal relationship with the European Food Safety Authority (EFSA) after its planned March 29, (2019) departure from the EU, Prime Minister Theresa May has signalled in a detailed policy speech. Speaking in the City of London, she said: “We will also want to explore with the EU, the terms on which the UK could remain part of EU agencies…” And while not naming EFSA, she said – in theory – she was prepared to allow the UK to be bound by the rules of EU agencies, post-Brexit. …

MORE companies have ‘fraud response plans’ (FRPs) than ever before to try and mitigate the recurrence and fallout from fraud incidents. But greater adoption does not always equal efficacy, with companies not always had the right procedures to learn from past mistakes.…

EXPERTS on Britain’s civil nuclear industry have warned that the UK is running out of time to prepare itself for the country’s exit from European Atomic Energy Community (Euratom), due to the complexity of replicating its nuclear standards in UK law. …

Saudi Arabia is pushing ahead with ambitious plans to build 16 nuclear reactors, both small and large, to generate 17GWe by 2040. While no tenders have yet been awarded, the kingdom is working with numerous international partners to develop its nuclear infrastructure and safety systems.…

HONG Kong tertiary education suppliers are recognising the need to ensure vocational skills are integrated into their courses, as the territory faces up to a skill shortage “epidemic”, highlighted by employment surveys.

One – released last September (2017) by Hong Kong based think tank, the Bauhinia Foundation Research Centre, that polled 2,493 parents and students, found that a high proportion of university graduates did not match the labour market needs.…

THE BULL run in the British rural land market is over, or at least has slowed to a trot. After rising by 149% over the 10 years to 2016, research by the property consultancy Carter Jonas indicates that that the value of British (UK, excluding Northern Ireland) farmland fell by more than 8% last year.…

IF there is a quality that gives many Israeli companies an edge internationally, it is innovation. And this trait can certainly be said to run through the work of Israeli apparel major Delta Galil, based in Caesarea, northern Israel.

“We could not succeed if we were not innovative” said Isaac Dabah, the company’s CEO of Delta Galil, in an exclusive interview with just-style, held at his office.…

Morocco’s Fez airport (Fès–Saïs Airport) has opened a new terminal, being inaugurated last May (2017) by King Mohammed VI, enabling it to increase its capacity to 2.5 million passengers per year. The number of passengers passing through the airport has more than tripled in less than 10 years, from 228,399 passengers in 2006 to 892,974 in 2016, so the expansion will allow the airport to manage growing volumes for years to come.…