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FOOD hazard reports relating to meat and meat products have been rising fast worldwide, according to data released by HorizonScan, a global food safety database which gathers food safety and inspection alerts from more than 115 sources in more than 70 countries.…

A 44-STRONG coalition of states in the United States (US) has filed a lawsuit accusing 20 major pharmaceutical manufacturers and 15 individuals of running possibly the largest cartel in US history for over 100 generic medicines. A May 12 [2019] statement from the office of Connecticut Attorney, General William Tong, which is leading the coalition, alleges that Teva, Sandoz, Mylan, Pfizer and 16 other generic drug makers have “engaged in a broad, coordinated and systematic campaign to conspire with each other to fix prices, allocate markets and rig bids for more than 100 different generic drugs.”…

United States (US) President Donald Trump’s announcement, May 10, to slap 25% additional tariffs on plastics exports to China could increase opportunities for European plastics exporters, experts have told Plastics News Europe.

Mike Boswell, managing director of UK-based plastics products supplier Plastribution, said: “Sales could increase to the US, depending on which items, as US products will become more expensive because of duty barriers.”…

THE LEGALISATION nationwide of recreational cannabis in Canada last October (2018) was a groundbreaking move – a first for a major western country – and from this coming October 17, at the latest, one that may have significant implications for the beauty business.…

Businesses and their advisers, including accountants, are under increasing pressure to report money laundering as the problem continues to grow: according to the United Nations, between 2% and 5% of global GDP (US$800bn to US$2trillion) is laundered annually. In response, international organisations and national governments have created rules and guidance on fighting the problem.…

THE US government has increased its existing 10% additional duties on imports of automotive parts, engines and chassis from China to 25% from today (May 10), citing a lack of progress on ongoing trade talks.

These duties cover a wide range of China-made engines, chassis, and parts, although not assembled vehicles.…

Documents released by the United States National Aeronautics and Space Administration (NASA) on April 30 suggest fraud by an aluminium supplier, Sapa Profiles Inc (SPI), cost the agency over USD700 million. In a case that the US Department of Justice is investigating, Oregon-based SPI is accused of falsifying data about the parts’ suitability for use in space vehicles resulting in the loss of two Taurus rockets and the satellites they carried in 2009 and 2011.  …

VIETNAMESE cotton yarn-makers face a period of uncertainty due to raw material price volatility and the ongoing trade war between the US and China which threatens demand stability from Chinese textile and clothing manufacturers. China is the largest importer of Vietnamese yarn and accounts for more than 60% of Vietnam’s total yarn exports. …

Although religious universities educate only about 15% of all higher education students in Mozambique, they make a significant contribution to a country with very low levels of access to tertiary studies. Only 1% of the 29 million Mozambicans are currently attending attend higher education courses according to data provided by the country’s ministry of science and technology and higher education.…

THE FINANCIAL Action Task Force (FATF) has been given an open-ended rolling mandate for the first time, with member governments underlining its value as the world’s premier AML/CFT international organisation. This decision – made in April – follows FATF’s latest February 20-22 plenary, where important issues such as the AML/CFT records of China, Iran and Brazil were discussed as well as fighting the continuing terror finance threat posed by Islamic State.…