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The new so-called European Union (EU) sixth anti-money laundering directive that harmonises penalties for money laundering across the bloc is a key back up to the EU’s existing AML legislation. While dubbed the sixth anti-money laundering directive (6AMLD), Directive (EU) 2018/1673 on combating money laundering by criminal law (https://eur-lex.europa.eu/eli/dir/2018/1673/oj…

Despite having high solar radiation with between 2,800 and 3,500 hours of sunshine in a year (when there are 8,760 hours for each non-leap year), the solar energy potential in East Africa is yet to be fully exploited.

But in this region, it is not fossil fuels that dominate.…

OUTSOURCING centres in Asia for the international textile sector are increasingly adopting digital technologies to improve the efficiency of their weaving, as they compete for business from clothing manufacturers and brands.

Bangladesh weavers are becoming increasingly tech-savvy to improve efficiency while driving down costs.…

THE EUROPEAN Union’s (EU) fourth anti-money laundering directive had not even been implemented before Panama Papers revelations on massive tax evasion highlighted critical gaps in the bloc’s regulatory framework, especially regarding cryptocurrencies and prepaid cards. The result was directive (EU) 2018/843 of May 30, 2018 commonly known as the fifth anti-money laundering directive.…

Novel food ingredients and products are becoming increasingly common in branded products across Europe, finding new markets by offering twists to traditional tastes. These new technologies are enabling manufacturers to identify new untapped taste demands, which many big corporations have missed or failed to develop a product that fits a potential new market.…

FAR from being the zone of volatility of the 1990s, eastern and central Europe’s economies and hence their paint and coatings markets, are enjoying stability and steady growth. In Croatia, for instance, according to market researcher Euromonitor International data, the paint and coating industry posted revenues of USD147 million, USD 2 million more than in 2017.…

CONTINUOUS dyeing technology is being refined and improved and offering finishers worldwide the chance to improve their output efficiency, while reducing chemical, water and energy usage. However, emerging markets finishers can struggle to find the investment costs required to install this top-line cutting edge dyeing machinery.…

THE EUROPEAN cosmetics sector will continue to maintain that the European Chemicals Agency (ECHA)’s microplastics restriction proposal is disproportionate, industry experts told European personal care association Cosmetics Europe’s annual conference 2019.

At the June 12-13 meeting in Brussels, they claimed ECHA’s January 2019 proposal should be proportionate, coherent, effective and enforceable – but, at present, looking at the existing proposal, this is not the case.…

THE CLOSURE in November of the only oil refinery in Trinidad & Tobago, after 101 years of producing fuel in this Caribbean twin-island state, has cost thousands of jobs, impacting a large part of the nation’s economy. It means that this republic, which still possesses substantial oil and gas reserves, must now import gasoline, diesel and aviation fuel. …

Industry forecasts for Italy’s paints and coatings market are expected to remain relatively stable through 2019, mainly sustained by stability in the domestic construction and automotive sectors and continuing sales growth in foreign markets. Data from market research provider Euromonitor International released last December (2018) projected production turnover in Italy to grow by 0.5% in the 2018-2019 period, with an estimated value of just over EUR6.1 billion in 2019.…