Search Results for: World Trade Organisation

Isabel dos Santos, once known as the richest women in Africa, and daughter of Angola’s former President. is facing a tightening noose of legal action alleging corruption and embezzlement. Keith Nuthall and Andreia Nogueira report.

The Angola government has ramped up its efforts to arrest Isabel dos Santos, and confiscate many of her assets, following the death of her father, the former President of Angola, José Eduardo dos Santos, last July (2022).…

Food security concerns have driven China’s ministry of agriculture and rural affairs to push Chinese soy output in the past two years as growing tension with its main western trading partners – coupled with the inflationary impact of the invasion of Ukraine – has preoccupied officials at the ministry’s complex in the Tuanjiehu neighbourhood of Beijing.…

The Financial Action Task Force (FATF) has suspended Russia from membership because of its continuing military invasion of Ukraine – an unprovoked attack that the UN said by February 20 had killed 8,006 civilians and injured 13,287.

The global AML body’s plenary today (Feb 24) acted following “reports of arms trade between the Russian Federation and United Nations sanctioned jurisdictions, and malicious cyber-activities emanating from Russia”.…

Turkey’s textile and clothing sector is grappling with the fact that around a third of the country’s garment and textile production capacity was clustered around the epicentre of the 7.8 magnitude earthquake that has killed more than 47,000 people, left millions homeless and destroyed hundreds of thousands of buildings.…

THE EUROPEAN Union (EU) textile industry needs ambitious investment and a strong state aid subsidy plan to survive rising energy costs, enabling them to continue operating efficiently in global markets, European textile experts have told WTiN.

“Since last summer, the EU textiles sector has been faced with sky-high gas and energy prices and this puts further pressure on an already strained supply chain,” the European apparel and textile confederation (Euratex) senior policy officer for trade and industry Paolo Sandri noted.…

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

International automobile manufacturers, including those based in the USA, have been presented with the first global sustainability reporting standards designed to become compulsory in many countries worldwide from January 1, 2024. They may also apply to foreign companies operating in the USA and overseas branches of US-owned companies such as Ford and GM, depending on a looming decision made from the Securities & Exchange Commission, expected in April (2023).…

Once a stronghold of banking secrecy and a haven for undeclared cash-carrying Italians making deposits in a local micro-state, the Republic of San Marino, the world’s oldest republic (founded in the year 301CE), has been working to repair its AML/CFT reputation.…

The Alpine principality of Liechtenstein may be small, but it has passed groundbreaking legislation designed to expand its significant financial sector into the world of virtual currencies and assets (VA). The move has prompted concern from European FATF-style regional body Moneyval, whose latest mutual evaluation report (MER) on the 160 square kilometre and 38,250 population country was released last May (2022) (1).…