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Former Goldman Sachs managing director Roger Ng has been found guilty of bribery and corruption for his role in the 1Malaysia Development Berhad (1MDB) Malaysian sovereign wealth fund scandal. Malaysian national Ng was convicted at a New York federal court in the USA.…

RUSSIA’s invasion of Ukraine will damage European Union (EU)-Russia trade in clothing including knitwear, but Russia will continue to make woolen clothes, say experts. Meanwhile, the war launched by Russian President Vladimir Putin is devastating Ukraine’s knitwear production and retail sector.…

The international steel sector is working to reduce its climate change impact through closer links to the renewable energy sector, along with steel making innovation and more recycling.  

This industry is responsible for between 7% and 9% of human-generated carbon dioxide, according to the World Steel Institute.…

RUSSIA’S invasion of Ukraine has prompted a major increase in sugar prices, the UN Food & Agriculture Organisation (FAO) has said. Its FAO Sugar Price Index averaged 117.9 points in March, up 7.4 points (6.7%) from February, and up 20% year-on-year.…

Britain’s Financial Conduct Authority (FCA) has warned that the UK’s booming ‘challenger banks’, that use online services to work with customers, often fail to comply with their AML/CFT obligations.

The verdict came from a detailed FCA review of the sector, which is growing fast, with statistical service Statista saying the top 10 UK challenger banks had a combined asset base of GBP307 billion (USD391 billion) in 2020 alone.…

A planned legally binding global agreement covering the lifecycle of plastics should hasten the regulation, proliferation and uptake of steps in the personal care product industry to eliminate plastic pollution, sector associations and experts.

Even before the decision in March (2022) by the United Nations Environment Assembly to conclude negotiations by 2024 on a pact to eliminate plastic pollution, cosmetics manufacturers of all sizes have been moving towards a more circular economy approach.…

Ontario’s minister for economic development, job creation and trade has told Wards how his conservative government, facing a general election in June, will push for the province to become an end-to-end EV maker – from battery mineral production to parts and auto assembly.…

Stellantis and South Korea’s LG Energy Solution today (Wednesday March 23) announced they would build a CAD5 billion (USD4.1 billion) electric vehicle battery plant in Windsor, Ontario.

It will be the first such plant in the province, and should open in 2024, employing an estimated 2,500 people.…

The Covid-19 pandemic and latterly the Russian invasion of Ukraine has sparked an increase in cybercrime and fraud, and the halal sector – reliant on compliance with detailed production and sales standards – is a soft target for commercial criminals.

This fact is compounded by the proliferation of halal certificates as the sector expands worldwide.…

United Arab Emirates (UAE)-based halal fast-food chain Chicking is planning to expand its geographic footprint with up to 30 new outlets across Canada by 2023.

The company opened its first ChickQueen branch in the multi-cultural city of Mississauga, Ontario, in May 2021, as part of a plan to expand to all major Canadian cities, AK Mansoor, founder and chairman of Chicking, told Salaam Gateway.…