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BRITISH NON-FERROUS METAL PRODUCERS FACE POTENTIAL EU DUTIES IF BREXIT HAPPENS
British non-ferrous metal manufacturers face a risk that their exports to the European Union (EU) will attract duties should the UK government push ahead with plans to leave the EU following the June 23 Brexit referendum result.
These could be imposed after the two years of mandated talks on a future relationship with the EU following a UK decision to trigger Article 50 under the Treaty on European Union (EU).…
WORLD’S FOOD STANDARDS BODY PASSES NEW SALMONELLA RULE – PART OF MISSION TO CREATE GLOBAL MEAT STANDARDS
New guidelines have been adopted for the control of non-typhoidal salmonella in beef and pork at the Codex Alimentarius Commission, an example of global meat and livestock standards crafted and approved by this influential international organisation. The decision, among many others, came during the 39th annual meeting of the commission, held between June 27 and July 1 at the headquarters of the Food and Agriculture Organisation of the United Nations (FAO) in Rome, Italy.…
BRAZIL’S JBS STRESSES IT HAS NOT BEEN DIRECTLY TARGETED BY LAVO JATO RAIDS
BRAZIL’S JBS, the giant meatpacker and meat processing company, has been arguing it has not been harmed by raids carried out by Brazilian police earlier this month, dubbed ‘Operation Sepsis’, part of the country’s ongoing ‘Lavo Jato’ corruption investigations.
Brazilian media has reported that on July 1 federal officers searched the São Paulo home of Joesley Batista, CEO of J&F Investimentos, the parent company of JBS.…
US HEMP FOOD SECTOR GROWING ONE BITE AT A TIME
Mirroring the increasing trend toward legalisation of marijuana for recreational and/or medicinal purposes in the USA and Canada, North American consumers are incorporating the cannabis plant and its byproducts into their diets.
Some 25 American states and the federal District of Columbia had, by this month (July) liberalised their marijuana laws following decades of prohibition.…
UK FOOD COMPANIES EXPORTING TO EU FACE RISKS OF PAYING DUTIES IF BREXIT FOLLOWED THROUGH
Branded food manufacturers based in Britain face a risk that their exports to the European Union (EU) will attract duties now the UK government has confirmed it will push ahead with leaving the EU following the June 23 Brexit referendum result.…
INDIA’S BRANDED POULTRY MAKERS NERVOUS OVER ANTICIPATED AMERICAN IMPORTS
India’s branded poultry manufacturers are nervously waiting for an inflow of imported poultry products from United States, warning they may lose significant amounts of market share. Sarvana Perumal, senior manager at Suguna Foods, in Coimbatore, Tamil Nadu, told just-food of his concerns, sparked by the Indian government has announcing that health-based barriers blocking American poultry exports had been lifted on July 8.…
THREE FORMER BARCLAYS TRADERS CONVICTED OF RIGGING LIBOR
Three former Barclays Bank employees were convicted of conspiracy to defraud in Southwark Crown Court yesterday (July 4) for manipulating the London Interbank Offered Rate (LIBOR) for United States dollars. In a case brought by the UK Serious Fraud Office (SFO), a jury convicted submitter Jonathan Mathew and traders Jay Merchant and Alex Pabon of US dollar LIBOR rate rigging between June 2005 and September 2007.…
BRUSSELS CALLS ON EU MEMBER STATES TO DETECT AND DECLARE MORE EU FRAUD
THE EUROPEAN Commission has accused six European Union (EU) member states of failing to detect enough fraud in EU spending programmes where their governments have a significant management role. In its latest annual report on the ‘Protection of the European Union’s financial interests – Fight against fraud 2015’, the Commission said Austria, Britain and Finland had reported “a very low number of fraudulent irregularities, in particular in relation to the amount of frauds allocated to them” for EU agricultural spending.…
CODEX ALIMENTARIUS – THE GLOBAL FOOD AND DRINK REGULATION FACTORY
Long before standards and guidelines on food and drink make their way into the codified statutes of national laws, many have often already gone through a rigorous, scientifically based process of scrutiny by an intergovernmental body whose membership comprises 99% of the world’s population.…
BANKS NEED TO BOX CLEVERER TO FIGHT BANKING CYBERCRIME
Banking security chiefs and their opponents in their opponents in the underworld of cybercrime are fighting a “cold war arms race” with no long-term solution in sight, fraud specialist academics have told Fraud Intelligence.
And if anyone should doubt that this threat is not just profound, but global in scope, witness that Russia’s Federal Security Service (FSB – Federalnaya Sluzhba Bezopasnosti) announced last month that it had arrested 50 members of a gang believed to have been responsible for a Russian Roubles RUB1.7 billion (USD 26.6 million) bank cyberhack using the Trojan programme ‘Lurk’ to collect customer data.…