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BRAZIL’S automotive industry sector is optimistic about the future, now that the new government of right-wing President Jair Bolsonaro has left the new Route 2030 package of industrial incentives untouched.

The President, who assumed office on January 1, had criticised Route 2030 (Rota 2030 in Portuguese) last November (2018), as a potential waste of money.…

Although religious universities educate only about 15% of all higher education students in Mozambique, they make a significant contribution to a country with very low levels of access to tertiary studies. Only 1% of the 29 million Mozambicans are currently attending attend higher education courses according to data provided by the country’s ministry of science and technology and higher education.…

EUROPEAN Union member states are dragging their feet implementing the fourth anti-money laundering directive’s (4AMLD 2015/849) beneficial ownership rules. Only five countries met the June 26, 2017, AMLD4 deadline for having an ultimate beneficial ownership (UBO) register under national law – Britain, Denmark, France, Germany and Sweden- according to the European Commission. …

CHINESE exports of knitted fabrics have been hit by major USA duties in the latest round of tit-for-tat tariffs imposed in the countries’ ongoing trade war. China exported USD470 million’s worth of knitted and crocheted fabrics to the USA in 2017, according to international trade data.…

JOINING expertise from the public and private sector to combat money laundering or terrorism financing (TF) aided by virtual currencies (VCs) is the way forward, financial crime experts told MEPs at the June 18 meeting of the European Parliament’s special committee on terrorism.…

The murder of graft-busting journalist Daphne Caruana Galizia in Malta on October 16 focused the world’s attention on the tiny Mediterranean tax haven and its failure to combat money laundering and corruption. 

But even before the murder, Malta was under fire for its shortcomings in tackling money laundering.…

BRAZIL’S beauty and personal care market took a hit in 2016, as the world’s fourth-biggest beauty market struggled to emerge from its worst-ever recession amid political corruption scandals. 

The outlook is for a slow recovery this year, as high unemployment keeps a lid on purchasing power in this market of 207 million people.…

THE SOUTH African hair care market grew 6% in current value terms in the past year to South African Rand ZAR6.6 billion (USD488.4 million). And this growth is projected, by London-based market researchers Euromonitor, to rise by a 1% compound annual growth rate (CAGR) in constant value terms over the next five years.…

GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…

SEVEN years of recession and two years of capital controls have taken their toll not only on the Greek economy but also on the country’s cosmetics market, although local companies have been maintaining their focus on R&D and exports. According to the Hellenic Statistical Authority (Elstat), the overall turnover retail index for cosmetics and pharmaceutical products in February 2017 was 58.8% of sales in 2010 – the year marking the beginning of Greece’s financial and economic turmoil.…