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A Nigerian politician convicted of corruption over a decade ago has finally seen the GBP101.5 million (USD130 million) he laundered into the UK confiscated by Southwark Crown Court in London. The former governor of Nigeria’s oil-rich Delta state, James Ibori, had been convicted on 10 counts of money laundering and conspiracy to defraud the Nigerian state and its people in the UK during February 2012.…

The bounce back from Covid-19 lockdowns to the key south-east Asian economies of Malaysia and Singapore have seen robust growth in both countries, boosting paint and coatings sales, although the Malaysian market has some fragility this year.

Economic growth in both ASEAN (Association of Southeast Asian Nations) members have been robust with data from the World Bank showing Malaysia’s GDP expanding from USD337.34 billion in 2020 to USD406.31 in 2022 (1) – its population being 33.5 million people.…

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.…

High energy and raw material prices and wage inflation have been pushing packaging sector converters to reduce waste, and hence costs, with the added benefit of helping the industry meet growing sustainability requirements from regulators and consumers.

Sensing a market opportunity, many packaging converters were already targeting sustainability, developing innovative packaging materials and designs to cut packaging weight and promote re-use and recycling.…

The is optimism within the Irish dairy industry that the acute trading challenges caused by Brexit may have abated thanks to the Windsor Framework deal between the European Union (EU) and the UK that amended the Northern Ireland Protocol. Producers and traders hope that the changes will give some certainty to an Irish dairy processing industry that relies on seamless transit across the Northern Ireland-Republic of Ireland border and onto Great Britain.…

The Portuguese canned food sector, internationally known for its canned fish lines, is thriving – thanks to tourism and innovation, despite the many supply chains issues that it still faces.

Statistics Portugal (Instituto Nacional de Estatística – INE) data suggests the sector is growing fast, with Portugal having exported EUR 305.3 million’s worth of canned fish products in 2022 (provisional data), 20.3% more than in 2020.…

With ChatGPT and related large language model (LLM) systems being adopted by a wide range of industries, landowners and farmers are increasingly assessing the benefits that artificial intelligence (AI) can bring to their businesses. The potential is clear – from sharper land valuations for sellers and data enabling enhanced biodiversity programmes for environmentalists to better animal welfare and crop production, especially from improved weather forecasting.…

As tech evolves, notably through the development of artificial intelligence (AI), anti-money laundering (AML) compliance officers at obliged entities are assessing a growing range of applications and platforms.
The global AML software market size is estimated to grow by USD2.7 billion from 2022 to 2027 at a compound annual growth rate (CAGR) of 15.01%, although “the high cost of implementation may impede” this expansion, according to the Illinois, USA-based market researcher Technavio.…

Increasing numbers of companies are seeking to protect intellectual property (IP) rights for smart textile products based on graphene ink technology, lawyers have told WTiN’s smart textiles channel. 

Moreover, they said that researchers and manufacturers looking at entering this segment “haven’t missed the bandwagon”: “It’s just getting going – plenty more innovation and inventions to be done”, said Matthew Smith, a patent attorney from London, UK-based IP legal firm Mewburn Ellis.…

While the benefits of implementing artificial intelligence (AI) into the paints and coatings industry are well accepted, from the deployment of painting robots to achieve better vehicle finishes in the automotive manufacturing industry, and even consistent production of paint itself, the latest range of chat-based AI tool offers additional benefits say experts.…