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A NEW flexible method of shipping liquids is poised to offer the petroleum industry advantages for moving fuel by-products and lubricants used in drilling. This involves using flexitanks, which are expansive, flexible (although sometimes rigid and foldaway) polyethylene bags that fit inside shipping containers, and are capable of transporting up to 24,000 litres of liquids at a time, say companies in the sector.…

DESPITE the huge risks involved in states funding weapons of mass destruction in breach of international non-proliferation rules, this problem has not received the same attention as anti-money laundering (AML) and combating the financing of terrorism (CFT) in compliance regimes. Only over the past two years has world’s senior AML body the Financial Action Task Force (FATF) started to address shortcomings, while the United Nations is moving from a decade of awareness building to pushing implementation.…

Multilateral talks over Iran’s nuclear power programme have partly and temporarily eased certain sanctions against the country. Yet while businesses worldwide are keen to get into the lucrative Iranian market to offer all kinds of good and services, the overarching sanctions regime put in place by the United States, the European Union  (EU) and the United Nations still remains, as do the risks of doing business with Iran, considered one of the world’s riskiest jurisdictions.…

GHANA continues to be recognised as one of Africa’s success stories. The country remains relatively peaceful and stable, and its economy has grown at an annual average of around 6% over the past six years. As a result, it is maybe not a surprise that Ghana was ranked healthily at 5.88 (10 being the worst score) in the 2014 Basel Anti-Money Laundering index, among the lowest in west Africa, only bettered by established democracy Senegal, with 5.43.…

Mexico, South America, and the United States are usually the focus of discussions about money laundering, drug-trafficking and transnational crime in the Western Hemisphere. However, as countries like Mexico and Colombia have upped their security game, criminals have taken advantage of their small Central American neighbours as weaker links for both the transport of drugs and the laundering of illicit funds associated with the trade.…

THE INCOMING president of the European Commission Jean-Claude Juncker has united the Commission’s portfolios of energy and climate action, nominating Spain’s Miguel Arias Cañete as energy and climate commissioner. If confirmed by the European Parliament, he will serve for the next five years.…

LIGNITE power station units are still being built and modernised in the European Union (EU), raising warnings from environmentalists that this could negate EU emissions controls. There are lignite projects in various stages of approval, planning or construction in Germany, Poland, Bulgaria, Greece, and Slovenia, for instance.…

IT is often said that the UK and USA are separated by a common language, but there are real and clear differences between the two countries’ approaches to developing combined head and power (CHP). This is today firmly entrenched as part of the UK energy mix but many in the industry would argue that this is in spite of rather than because of the approach taken by ministers.…

Russia may ban imports of cars from the European Union (EU), the United States and maybe Japan if Brussels and Washington impose additional sanctions because of Moscow’s role in the Ukraine crisis.

An aide to Russia’s President Vladimir Putin told wardsauto that the Russian government would be especially monitoring a meeting of the EU Council of Ministers for foreign affairs on October 20.…

As the global apparel sector searches for more eco-friendly fibres and fabrics, innovative developments are increasingly focusing on more sustainable and often unusual alternative feedstocks.
Companies are being encouraged to innovate also by recent high cotton prices and a growing awareness that tighter control of supply chains can help keep costs down in general.…