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The new National Security Law imposed by Beijing on Hong Kong last June (2020) (1) has added a new dimension to money laundering requirements in the special administrative region (SAR), as banks and other institutions now find themselves required to flag cash movements by figures deemed as ‘secessionist’ under the new law.…

British and Swiss banks have been fined a total of EUR344 million for operating a cartel coordinating their foreign exchange (forex) spot trades of the world’s 11 most important currencies – USD, EUR, GBP, Japanese Yen, Swiss francs; Canadian, Australian and New Zealand dollars; Danish and Norwegian krone and Swedish Kroner.…

The European Union (EU) dairy industry is looking hard at the new Common Agricultural Policy (CAP) reforms that were approved in June to see if they deliver enough help to rejuvenate what has become an ageing industry. Currently only 11% of EU farmers are less than 40 years old, the European Commission notes (1), a problem highlighted at this year’s European Milk Board general assembly.…

Every four years, people worldwide, armed with statistics, predictions and expectations, gaze at traditional, smart, and portable screens, waiting for an anticipated globally important event. Some observers are enthusiastic, others are indifferent – but everyone awaits the results.

But this is no sporting championship.…

The leaders of Tunisian textile industry argue that their independent development plans will help them weather Tunisia’s ongoing political storms, staying on track in growing export and internal markets.

When President Kais Saied announced froze parliament and sacked Prime Minister Hichem Mechichi on July 25 (2021), there were initially scenes of jubilation, but these have morphed into fears about instability and uncertainty as he gathered power into his hands to rule by presidential decree.…

Opposition is mounting outside the Big Three US auto manufacturers to proposed federal tax credits for electric vehicle purchases within proposed House of Representatives and Senate versions of the Build Back Better Act.

With a House vote maybe happening this week, representatives of foreign-owned and non-union manufacturers as well as the Canadian and Mexican governments, are pushing for changes to the tax credit packages under discussion.…

Automotive associations and manufacturers in Mexico admit that their country’s automotive industry is registering a much slower rate of Covid-19 recovery than expected due to supplies shortages, which have especially impeded light vehicle production – cars, CUVs, SUVs and pick-ups.

In early October, the Mexican Automotive Industry Association, (Asociación Mexicana de la Industria Automotriz – AMIA) noted that light vehicle sales in September in Mexico were 76,930 units, meaning 1.1% less than the number recorded during September 2020, when the pandemic was ravaging Mexico’s economy, which lost 8.5% of its GDP last year (2020).…

Spain, which in the early Middle Ages was part of Islamic state called Al-Andalus – remembered as a golden age of Spanish tolerance and reason – has finally started to seriously play to win in the global halal market, through tourism and exports.…

Spain has been expanding its halal tourism and food sales, as it leverages its geographical proximity to Muslim countries in north Africa to provide travel and accommodation services.

In the CrescentRating Global Muslim Travel Index 2021, by CrescentRating & Mastercard, Spain climbed six positions to the 16th in the top non-Organisation of Islamic Cooperation (OIC) destinations (https://www.crescentrating.com/reports/global-muslim-travel-index-2021.html).…

The halal food market and industry in Kenya, east Africa’s economic hub, is growing, say experts, although reforms in regulation and certification are needed to underpin the sustainability of this growth.

As elsewhere, said Eugene Jernigan, director of International Trade Policy and Development at the Action Green for Trade and Sustainable Development (AGTSD) organisation, that serves small businesses in Kenya, Covid-19 hit food service sales in Kenya, and that included halal outlets.…