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Anti-corruption campaign group Transparency International (TI) has called on major financial centres to be more open about their anti-money laundering (AML) efforts, claiming survey data indicates governments are being overly secretive. In a report based on studies of 12 developed jurisdictions called ‘Top Secret: Countries Keep Financial Crime Fighting Data to Themselves’, TI has said that only 36% of basic anti-money laundering indicators drawn from internationally accepted guidelines is available to the public and regularly updated.…

THE CONTINUED success of Europe’ major technical textile fair, Techtextil, Frankfurt, (the next event runs from May 9 to 12) illustrates how the continent’s technical textile sector is thriving on its innovation.

“We don’t know what the future brings. We only know where it will be exhibited.…

EUROPEAN Union (EU) exports of cheese to Canada will increase substantially, by some 128%, as a result of the Comprehensive Economic and Trade Agreement (CETA) between the European Union (EU) and Canada, which the European Parliament approved provisionally on February 15, say EU dairy associations.…

Natural gas, including its liquefied form LNG, can be the long-term growth story among fossil fuels but needs to withstand stiff challenges

The naming ceremony in February 2017 for offshore facilities for the Ichthys liquefied natural gas project in Australia was another milestone in the huge wave of investment in LNG production capacity globally in recent years.…

The Arabian peninsula oil-producing nations of the Gulf Cooperation Council (GCC) have long been considered a lucrative consumer market for international brands. Many businesses flourish in the region and the beauty and personal care product industries are no exception.

According to Euromonitor International, the retail value of the GCC region’s beauty and personal care market was USD9.3 billion in 2016 – member countries are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).…

THE DIRECTOR-general of the European Union’s anti-fraud office – OLAF – has argued that the only way to stop counterfeit cigarettes and other goods entering Europe is to tackle the trade at source. Giovanni Kessler spoke out at a joint OLAF press conference with the Belgian Customs and Excise Administration in December to showcase how their cooperation had smashed a cigarette smuggling ring.…

THE UNITED States authorities have lifted an embargo on French beef imports after 19 years, the French agriculture ministry has said, and European meat producers are delighted.

France is the fourth European Union (EU) country, after Lithuania, Ireland and the Netherlands, to have its beef re-admitted to the US market after a January 1998 ban imposed because of fears over bovine spongiform encephalopathy (BSE), also known as mad cow disease.…

THE EUROPEAN Space Agency (ESA) has completed the first flight trials of air traffic control satellites under the Iris Precursor programme, a public–private partnership between ESA and UK satellite operator Inmarsat. The goal is delivering high-capacity secure digital data links via satellite for air–ground communications over European airspace.…

THE EUROPEAN Union’s (EU) XP-DITE accelerated checkpoint design integration test and evaluation project has enabled the creation and approval of the world’s first combined EU and United States pre-clearance checkpoint. Its goal is to create a regulatory system that gives the designers and operators of airport checkpoints more freedom to choose how they build and run these systems, making them more effective and maybe cheaper, but at the same time guaranteeing a high level of security.…

HONG Kong’s Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange have put listed companies on notice that they will closely monitor rights issues and open offers that substantially dilute the interests of non-subscribing minority shareholders.

In a joint statement, the SFC and the exchange have said they fear in some cases deals have been conducted without complying with requirements to give fair and equal treatment to all shareholders. …