Search Results for: Switzerland

A harmonisation of regulatory frameworks and increased sharing of data between financial institutions may help overcome the “metronomic tension” within financial businesses balancing effective fraud detection and low user friction, say experts. With more challenger banks delivering services, real-time checks based on artificial intelligence (AI) and robotics may ensure the speed customers expect in digital transactions does not compromise security, including during onboarding.…

CHINA’S ministry of finance drafted regulations punishing accountants violating national accounting laws. Proposals under public consultation would include blacklisting accountants found guilty of fabricating, hiding or destroying financial reports, books and documents, or telling other accountants to undertake such malpractice. Accountants involved in embezzlement would suffer the same fate.…

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.…

Europe’s transition to electric vehicle ownership is developing at two clear speeds, with richer countries headed for mass market penetration in the early to mid 2020s but poorer countries lagging. 

This is posing a regulatory challenge for manufacturers – EV sales have to increase Europe-wide for carmakers to meet tough European Union (EU) CO2 emissions limits.…

THE WOOL sector is part of an increasingly complex and global supply chain and, as a result, international technical standards are growing in utility and importance. Where suppliers and buyers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

WEAVERS and their mechanical suppliers are increasingly appreciating the benefits of integrating digital technologies into their work practices and equipment. Digital investments are being made to use digitisation in boosting the precision loading of looms with appropriate threads to generating smart fabrics, using virtual visualisation rooms to aid fabric design, and more.…

BULGARIA’S plastics industry has been making the most of the growing demand for supplies from major western markets. The sector has been particularly buoyant over the past five years, with Bulgaria’s comparatively low costs and occasional regulatory light touch making its plastics companies competitive with competitors in western Europe.…

A MEMORANDUM of understanding (MoU) has been signed by the Hong Kong Securities and Futures Commission (SFC) with China’s ministry of finance and the China Securities Regulatory Commission (CSRC) boosting SFC access to audit working papers from audits of HK-listed mainland companies.…

AN INTERNATIONAL market research company is predicting that the legalisation of recreational cannabis, notably in Canada, and now in 10 US states, could encourage tobacco consumers to shift from smoking to vaping, and even depress tobacco sales overall long term.

Shane MacGuill, head of tobacco at Euromonitor International, said that while in the short term, recreational cannabis legalisation “could support the Canadian tobacco market as consumers experiment with consumption of cannabis flower in combustible format”, he predicted “any bump will be relatively small and short lived”.…

EVERY manufacturing and agricultural industry has an impact on climate change – and the tobacco sector is no different. Faced with long-standing criticism of the health impact of its products, the tobacco industry is now facing attacks that its work generates carbon emissions and hence climate change.…