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Carbon emissions within the European Union were falling fast last year (2019) even before the Covid-19 crisis halted much of the EU economy and slashed CO2 releases, according to new figures from EU statistical agency Eurostat. It argues that tightening regulatory controls were the key reason for a 4.3% year-on-year EU-wide fall in CO2 emissions from fossil fuel combustion (including oil and oil products, coal, peat and natural gas).…

The European Commission has launched a series of infringement procedures for shortcomings in national legislation implementing the European Union’s (EU) fourth and fifth anti-money laundering directives (4AMLD and 5AMLD), including one against Britain, even though it left the bloc on January 31 (but remains subject to EU law during a transitional period to December 31. …

In a case that could open the floodgates to multimillion dollar cross border lawsuits against auto makers involved in Europe’s 2015 ‘Dieselgate’ scandal, a senior European Union (EU) judge has advised that car buyers should be able to sue Germany-based Volkswagen from a court in neighboring Austria.…

Only five European Union (EU) member states out of the current 27 have fully and properly complied with a requirement to set up public ultimate beneficial ownership (UBO) registers by January 10 (2020) under the fifth anti-money laundering directive (5AMLD), according to research by campaign group Global Witness.…

While new financial technologies and associated developments in machine learning and artificial intelligence offer AML/CFT solutions, anti-money laundering specialists are concerned about new risks being posed by new business and industrial innovations.

Banks are starting to adopt AI-based machine learning, but terrorists and criminals can use technology too: “It is really an AI arms race in financial crime”, said Kamer Yüksel, chief data scientist for Munich-based artificial intelligence start-up hawk:AI’s and author of more than 35 publications on AI.…

DIGITAL textile printers continue to seek for technological ways by which they can leverage the innate advantages their equipment has over conventional printing, and one is exploring the use of nanoparticles in finishing chemicals – delivering innovation that can sharpen the existing competitive advantage in design and sustainability enjoyed by digital printers.…

South-east Asia is not known for a tradition of eating dairy products, but actually consumers in the region’s most populous country Indonesia (population 270 million people) have been eating cheese for more than a century (partly thanks Indonesia’s historic links with the Netherlands) and the country has a thriving domestic dairy industry.…

The European Commission has launched infringement proceedings against eight countries over their failure to write the European Union’s (EU) fifth anti-money laundering directive (5AMLD) into national law by the January 10, 2020 deadline. The EU executive on February 12 sent letters of formal notice, the first stage in EU legal procedures, to Cyprus, Hungary, the Netherlands, Portugal, Romania, Slovakia, Slovenia and Spain for not having notified any 5AMLD implementation measures.…

PORTUGAL’S digital textile printing sector generates sales of USD164 million annually (as of 2019), according to analysists BlueWeave Consulting & Research Pvt Ltd, which predicts it is poised to grow, benefiting from its close proximity to European customers, at a time when Europe’s market for digitally printed textiles is booming, with the technology in increasing high regard.…

Like other European cities, the sheer number of cheap nail salons that have exploded in Barcelona in recent years has reached saturation point. There is one, however, that has a waiting list. Dvine creates the ‘art nails’ that have become the statement accessory of Rosalia, the Catalan singing sensation who swept the 2020 Grammy Awards.…