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Beauty markets in sub-Saharan Africa are becoming more sophisticated, and with this comes an increasing desire by consumers to use cosmetics that better match their own skin and hair characteristics, rather than utilising products that of more universal appeal.

Nigeria’s personal care product industry continues to grow, and given its population is the largest in Africa – now estimated by the United Nations at 200 million – this market inevitably has the most potential in the continent.…

As internet-enabled devices proliferate, there are some 400,000 new malware (malicious software) samples a day being released, according to Paul Ducklin, a principal research scientist at Sophos, a British security software and hardware company.

There are currently more than 7 billion devices connected to the internet, a number forecast to reach 10 billion by 2020, according to Germany-based internet of things consultants IoT Analytics.…

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…

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.…

THE CHINESE government has from September 1 imposed 5% additional retaliatory duties on US exports of paint to China, in the latest round of the trade war between the two countries. The new tariffs cover products such as polyester, acrylic, ethylene and polyeurathane powdered paints; acrylic, polymer and vinyl liquid paints; and more – see http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/P020190823604938915640.pdf…

HONG Kong’s government has released tax measures to support an economy buffeted by political protests, the US-China trade war and headwinds from a potential hard Brexit. Its financial secretary announced that 27 groups of government fees and charges would be waived for 12 months to benefit sectors including maritime, logistics, retail, catering, tourism, construction, agriculture and fisheries businesses.…

HONG Kong’s government has released tax measures to support an economy buffeted by political protests, the US-China trade war and headwinds from a potential hard Brexit. Its financial secretary announced that 27 groups of government fees and charges would be waived for 12 months to benefit sectors including maritime, logistics, retail, catering, tourism, construction, agriculture and fisheries businesses.…

THE EUROPEAN Chemicals Agency (ECHA) has started looking for persistent organic pollutants (POPs) that it may advise be restricted internationally through the Stockholm Convention on Persistent Organic Pollutants, and hence within the European Union (EU).

This new role for the agency, which could impact the use and availability of coatings and their chemical ingredients, was mandated under a new EU regulation on persistent organic pollutants (POP), that came into force in June – see https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32019R1021&from=EN…

THE TRADE war between the USA and China that has seen both sides impose a wide range of duties on each other’s exports has depressed Australian wool prices though a reduction in demand from key Chinese buyers.

Australian Council of Wool Exporters and Processors executive director Peter Morgan told just-style that the Washington-Beijing stand-off has come during other events depressing wool sales: “Events such as the US, China trade wars, US, India trade disputes, the US, Iran political tensions and the negative rhetoric during the recent G20 meeting” have been  disruptive and this obviously “effect global economic confidence,” he said.…

SURVEILLANCE and detection are becoming increasingly high-tech, especially when fighting financial crime. But experts still think combining human expertise with new artificial intelligence, machine learning and data analysis is the smartest way to unmask commercial crime. Sarah Gibbons and Sara Lewis report.…