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The battle between an invading Russia and Ukraine’s defenders has not just been conducted with military force – by January 23 killing 7,068 civilians, said the UN, but also in cyberspace. While lacking the sophistication of attacks carried out by Chinese threat actors, Russian cybercriminals are increasingly probing Ukrainian companies critical to the institutional stability and defence of the country, primarily active in Ukrainian cyberspace for data collection purposes, according to the Carnegie Endowment for International Peace (1): “Intelligence collection… has been the main focus of Russia’s wartime cyber operations in Ukraine”.…

The International Accounting Standards Board (IASB) has formally proposed amendments to IAS 12 Income Taxes to take account of ‘Pillar 2’ of the OECD’s BEPS tax model, suspending rules on accounting for deferred taxes, while its implications are assessed. The IASB has acted because the European Union (EU) in December agreed a directive to make Pillar 2 compulsory in the EU – telling multinationals (and large domestic companies) to pay 15% minimum tax rates in member states where they trade.…

Sugar production and consumption are being targeted for spending in new national Common Agricultural Policy (CAP) plans approved by the European Commission as part of a new process to secure European Union (EU) food production funding. With EUR53 billion spent in 2022 alone, this is the EU’s largest spending programme.…

The European Union’s (EU) new ‘Women on Boards’ directive (1) is designed to force change in the EU’s director cohort by requiring that the ‘under-represented sex’ (which could be male on rare female-dominated boards) make up 40% of non-executive directors or 33% of all major company directors.…

Tunisia’s textile and clothing sector may have expanded sales in 2022, notably through an export increase from January to September, up 11.9% year-on-year, according to the Tunis-based Technical Textile Center (CETTEX – Centre Technique du Textile). But its companies remain concerned about the stability of the national economy and potential long-term weaknesses.…

Dyeing and finishing capabilities in Africa’s largest textile producer, Egypt, are being undermined by government import and foreign currency restrictions, forcing manufacturers to use roundabout means to source raw materials, say industry critics. Sectoral development is also being impacted by the drop in investment in the wake of the Covid-19 pandemic and a downward slide in orders since the middle of this year (2022).…

A cost-of-living crisis in Tunisia, where annual inflation rose to 9.8% in November is pushing Tunisian academics to emigrate, with Saudi Arabian universities being a significant draw – offering better salaries and research opportunities.

The country has been suffering from political turmoil and related economic disruption since President Kais Saied dissolved parliament and started ruling by decree in July 2021.…

The textile and fibre sectors of Ethiopia have been looking to expand domestic sakes as Ethiopia approaches one year anniversary of its exclusion of the USA’s Africa Growth and Opportunity Act (AGOA). This process continues even as a new peace deal between the government and rebel Tigray forces is being rolled out, growing hope that Ethiopia may be readmitted to AGOA and its preferential US market access in 2023.…

The crypto fraudster behind a massive Bitcoin fraud using the notorious former online darknet black market Silk Road, used by drug dealers and other criminals, has been convicted after pleading guilty on November 4 in a New York court. US citizen James Zhong admitted wire fraud when he unlawfully obtained over 50,000 Bitcoin from the Silk Road marketplace in September 2012, one year before it was shut down by US authorities.…

The list of Russian assets seized by its European and north American opponents grows ever larger, with super yachts joining bank accounts and expensive properties being sequestered. But could they be sold? Should they be sold? And should the money be spent on rebuilding Ukraine, if it drives out the Russian invader?…