Search Results for: Russia

Honduras is strengthening its position as an outsourcing partner for the US clothing industry, with the central American country generating the second highest receipts from sales of textiles and finished garments under free trade agreements to the United States, just behind Mexico.…

Times might be tough in Italy, with annual inflation at 9.4% (in September) and sluggish growth of 2.5% projected for 2022 (OECD data), but Italians are drinking more coffee, including supermarket sales for home-brewed drinks.

In 2021, Italian roasted mass market retail coffee sales exceeded EUR1.3 billion overall, said IRI, up 1.1% year-on-year, driven by the single-serving pods and capsules and grains segments.…

In early September (2022), Serbia faced a serious domestic milk crisis, with empty or half-empty store shelves, with consumers relying significantly on imports of foreign milk from Poland and the Czech Republic. The domestic supply squeeze was not a surprise for Serbia’s dairy farmers, however.…

Russia’s invasion of Ukraine has touched the lives of all Ukrainians, destroying businesses, livelihoods and families, with accountants and practices not escaping the burden of the war. While some accountants have fled, and even abandoned the profession, those who remain must contend with a complicated landscape of jurisdictional, tax and staffing woes.…

The Spanish can market and industry, which has developed an international reputation for its dominant fish canning sector, is increasingly innovative, driven by contemporary trends in its beverage sector, with sales of canned water and wine joining a promising market which has traditionally been based on beer.…

The International Sustainability Standards Board (ISSB) has started detailed work on helping smaller companies apply its draft standards on general disclosures and climate reporting. A board meeting in Frankfurt, Germany, “discussed how it could give more consideration to the range of capabilities and preparedness of entities around the world to apply the proposals…”, said its minutes.…

The European Union (EU) has continued to intensify sanctions against Russia over its invasion of Ukraine, imposing further bans on exports of paint and coating industry products. With (as of September 12) 5,827 civilians having been killed in the resulting war, the EU has banned the export to Russia from all member states of fingerprinting powders, dyes, and inks; graphene nanomaterials (which are increasingly used in high tech coatings); and electroplating equipment designed for coating parts with nickel or aluminum.…

Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.

That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…

FinCEN (Financial Crimes Enforcement Network), the USA’s FIU, has been implementing detailed reforms to the country’s AML/CFT regulatory system that had been authorised by the country’s Anti-Money Laundering Act (AMLA). Passed by Congress in January 2021, overriding a veto of former President Donald Trump, a key plank of the reforms has been strengthening the USA’s previously anaemic efforts on UBO controls, which had been found wanting by past FATF MERs.…

The European Commission has bitten the bullet and for the first time has imposed a major financial penalty on a European Union (EU) member state that it considers so corrupt, its handling of EU funds cannot be trusted. That country is Hungary, run by the populist right-wing government of Prime Minister Viktor Orbán, where the EU executive on September 19 proposed suspending EUR7.5 billion in EU funding.…