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The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?…

The European Parliament is grappling with the fallout of the Qatargate’ cash-for-influence corruption scandal. Greek socialist MEP Eva Kaili has been replaced as the parliament’s vice-president by a Luxembourg socialist, after Kaili was arrested by Brussels police. Officers allege they found EUR1.5 million cash at her home and that of former MEP Pier Antonio Panzeri, another socialist, from Italy.…

The European Union (EU) food and drink industry is preparing to lobby to improve reforms proposed by the European Commission to EU packaging and packaging waste legislation. Industry association FoodDrinkEurope has said they will “require significant improvements to be workable”. In particular, the association is concerned about mandates within a proposed regulation that food and drink companies ensure growing proportions of their packaging be made refillable or reusable.…

The European Union’s (EU) new ‘Women on Boards’ directive (1) is designed to force change in the EU’s director cohort by requiring that the ‘under-represented sex’ (which could be male on rare female-dominated boards) make up 40% of non-executive directors or 33% of all major company directors.…

WORLDWIDE inflation is impacting the can making industry and its supply chain partners. Indeed, metal packaging prices have risen by at least 25% this year, according to industry association FoodDrinkEurope. A key reason has been soaring prices for energy used in manufacture, up more than 50% in 2022 according to the World Bank.…

WHEN European energy experts consider the future of hydrogen as an energy source, assessments sound remarkably like comments made about wind or solar power in the late 1990s – it is a great idea, but it would help if production and processing were less expensive.…

Knitwear brands have been progressively investing in mentorship and incubation programmes, hoping the resulting inspiration will widen their offer with creative products, reach more consumers and promote innovation in their work methods.
London – one of the big four fashion cities, alongside Paris, New York, and Milan – is this month (November) hosting the first collection of products made through the Atelier100 hyperlocal hothouse programme, at the brand’s retail store in Hammersmith (west London) (1).…

High value banknotes remain of concern to AML regulators, even though they are increasingly being withdrawn from circulation. Despite the growth of electronic payments, the amount of physical cash in circulation remains huge. The USD remains the currency that circulates most widely in the world, with the US Currency Education Programme (a Federal Reserve scheme) saying that there was USD2 trillion in circulation by the start of 2021 (December 31, 2020).…

The Nordic and Baltic beer markets are increasingly diverse, with craft beer sales growing faster than those for standard beers across the region, with only Lithuania bucking the trend. According to UK-based market researcher GlobalData (which owns Just Drinks), sales of craft beers Denmark, Sweden, Norway, Finland, Estonia and Latvia have all seen significant sales increases over the past five years with many exhibiting double-digit growth.…

A key question in any industry is to what extent robotics will be able to replace the human hand. This issue is especially pertinent for textiles and clothing – where sensor-based automation increasingly carries out human tasks such as assessing the feel of textiles and quality control.…