Search Results for: european union⊂mit=Search
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UKRAINE STEPS UP FIGHT AGAINST COMMERCIAL CRIME, BUT CONCERNS REMAIN
Ukrainian authorities, with the support of their European counterparts, are working to rid Ukraine of its former corrupt past – they are having mixed success. Dylan Carter reports.
While Ukraine battles an invading Russian enemy currently occupying approximately 18% of Ukrainian territory (1), it is also focused on its battle with the ‘enemy within’, namely elevated levels of corruption and other commercial crime.…
EU MINISTERS FORMALLY APPROVE LAW CRIMINALISING SANCTIONS EVASION
The European Union (EU) Council of Ministers has given its final approval to an EU directive insisting that EU member states criminalise and impose dissuasive punishments on the deliberate evasion of sanctions (1).
This law has been drafted amidst rising concern that Russia and Russians are effectively bypassing the slew of sanctions ordered following their country’s ongoing full-scale invasion of Ukraine (2).…
SEWING INNOVATION ABOUNDS AS COMPANIES SEEK TO INJECT MORE AUTOMATION TO BOOST EFFICIENCY
As the textile industry has adopted technological solutions to boost efficiency, sewing has remained the last bastion of manual labour due, primarily, to the malleable features of fabric. Robots introduced to automate most other aspects of the industry have – thus far – largely failed to replace human sewing. …
MOST PORTUGUESE STUDENTS WANT TO EMIGRATE TO FIND BETTER LIVING CONDITIONS
Portuguese academic associations are warning that a majority of students are considering emigration after they complete their courses, because job opportunities on offer are to scant and poorly paid to secure a good living.
Surveys by the Coimbra Academic Association of the University of Coimbra (founded in 1290) and the Porto Academic Federation (Federação Académica do Porto – FAP), a platform for all HE student associations in Portugal’s second city, released worrying data before the country’s March parliamentary elections.…
MYANMAR’S CLOTHING INDUSTRY FACES TOUGH FUTURE AS MILITARY GOVERNMENT RISKS LOSING CIVIL WAR
The Myanmar clothing and textile industry is facing increasing labour shortages, as workers flee the country or hide at home, to avoid being conscripted into an army that has been losing its grip over large swaths of the country amidst the ongoing civil war (1).…
INNOVATION CENTRES: THE FUTURE OF FOOD?
Food innovation centres (FICs) have become a feature of the global food production landscape over the past few decades and now play a significant role in the research and development of edible products.
The first purpose built FICs started to appear in the final quarter of the 20th century, with the University of Nebraska-Lincoln in the US’s Midwest Corn Belt, an early mover in this field, opening its Food Processing Center in 1983 (1).…
KEEPING THE LIGHTS ON CANNOT BE TAKEN FOR GRANTED, SAYS EURELECTRIC HEAD
The future of the European Union’s (EU) energy system will be electric, the European Commission said in its February 6 (2024) ‘Communication’ on a 2040 climate target (1) – a significant challenge for the electricity sector, industry association Eurelectric secretary general Kristian Ruby has told New Energy World.…
CRIMINALISATION OF SANCTIONS EVASION
Accountants and their clients within the European Union (EU) have had to avoid trading with an increasing number of sanctioned individuals and companies, especially in Russia, following its invasion of Ukraine. Now, with sanctions evasion being criminalised across the EU under a new proposed law, the risk of exposure to sanctions for EU companies and their accountants and auditors has risen further – both when dealing with actors subverting these measures and when undermining sanctions themselves, of course.…
EU ROUND UP - EU FINALISES NEW PROTECTIONS FOR COATINGS WORKERS FROM DIISOCYANATES
The European Union (EU) Council of Ministers has approved new protections for paint manufacturing and application workers from exposure to coatings and their ingredients that contain diisocyanates, a widely used chemical input. The controls come in a new EU directive amending directives 98/24/EC and 2004/37/EC regarding limit values for lead and its inorganic compounds and diisocyanates.…
GERMANY: DEMOLISHING MONEY LAUNDERERS’ FAVOURITE COMFORT ZONE
In August 2022 Germany’s finance minister Christian Lindner famously labelled Europe’s biggest economy a “money laundering paradise” and pledged to restore Germany’s AML reputation. The subsequent reforms are now picking up steam, with Mr Lindner’s finance ministry in November 2023 (1) proposing a Combatting Financial Crimes Act (Finanzkriminalitätsbekämpfungsgesetzes – FKBG) to reorganise Germany’s AML efforts, which was given first reading approval in the Bundestag in December (and is now under consideration in committee.…