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THE EUROPEAN Commission – the European Union (EU) executive – has claimed its Erasmus+ higher education exchange initiative is significantly boosting tertiary studies for African students and academics, with 8,500 Africans benefiting this year (2019).

In a report on the programme, which has been hailed as a flagship of the EU’s positive international impact, the Commission said that this figure was poised to keep growing, so that it will have helped more than 35,000 African students and academics by 2020.…

Aggregated data on shared utility platforms operating across global financial services would “remove banks’ fiefdoms, internal silos that stop them from making the KYC process more informed” and “reduce the risk of bad actors entering the financial system through a weak link,” a report from financial services technology providers Celent, in Boston, USA, has claimed.…

The new so-called European Union (EU) sixth anti-money laundering directive that harmonises penalties for money laundering across the bloc is a key back up to the EU’s existing AML legislation. While dubbed the sixth anti-money laundering directive (6AMLD), Directive (EU) 2018/1673 on combating money laundering by criminal law (https://eur-lex.europa.eu/eli/dir/2018/1673/oj…

Nicaragua, a leading apparel producer in Central America, has been suffering a decline in revenue on exports to the European Union (EU) this year, expect for one category that is bucking the trend: T-shirts.
According to the EU statistical office Eurostat, total revenue from the country’s apparel and footwear exports to the region dropped 6.8% to EUR178.2 million in the first half of 2019 from EUR191.2 million in the same period in 2018.…

Despite having high solar radiation with between 2,800 and 3,500 hours of sunshine in a year (when there are 8,760 hours for each non-leap year), the solar energy potential in East Africa is yet to be fully exploited.

But in this region, it is not fossil fuels that dominate.…

THE INCOMING European Commission may seek to further harmonise European Union (EU) food labelling rules on sugar content. This pledge comes from the nominee for new EU health commissioner, Stella Kyriakides, a Cypriot parliamentarian, whose EU role includes being responsible for food safety and standards.…

THE EUROPEAN Union’s (EU) fourth anti-money laundering directive had not even been implemented before Panama Papers revelations on massive tax evasion highlighted critical gaps in the bloc’s regulatory framework, especially regarding cryptocurrencies and prepaid cards. The result was directive (EU) 2018/843 of May 30, 2018 commonly known as the fifth anti-money laundering directive.…

THE TURKISH plastics manufacturing sector has grown exponentially over the past decade, but growth has spluttered over the past year due to the country’s economic downturn and currency depreciation raising the cost of raw materials. Investment has also slowed, but manufacturers are optimistic the sector will rebound, with exports remaining strong.…

A WAVE of oil and gas structure decommissioning in the North Sea, a steady continuing flow in the USA’s Gulf of Mexico fields, and a similar longer-term challenge in south-east Asia are concentrating minds on the infrastructure needed to dismantle such equipment safely.…

Europe’s transition to electric vehicle ownership is developing at two clear speeds, with richer countries headed for mass market penetration in the early to mid 2020s but poorer countries lagging. 

This is posing a regulatory challenge for manufacturers – EV sales have to increase Europe-wide for carmakers to meet tough European Union (EU) CO2 emissions limits.…