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A former UK-based Coca-Cola Enterprises manager has been convicted of accepting over GBP1.5 million (USD1.96 million) in bribes between January 2004 and August 2013 in return for leaking confidential and sensitive information to potential electrical and engineering contractors. They were the Boulting Group (now WABGS Ltd), as well as Tritec Systems and Electron Systems – both part of the Tritec Group – giving them the edge over rivals in bidding for contracts.…

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.…

Its launch may be more than a decade late, but the European Union’s (EU) first European Pressurised water Reactor (EPR) has finally started producing electricity for the Finnish national grid. Its strategic importance to Finland, as the country is preparing for NATO membership following Russia’s invasion of Ukraine is hard to overstate.…

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.…

The European Chief Prosecutor Laura Kövesi has called for the European Public Prosecutor’s Office (EPPO) to be strengthened with rule changes to make it more independent and effective. Presenting the EPPO’s annual report for 2021 to a joint meeting of the European Parliament’s committees on civil liberties, justice and home affairs and on budgetary control April 20, Kövesi argued for “radical simplification” of the founding EPPO regulation (1) and a shift of competence and budget to the central office in Luxembourg to guarantee the independence of delegated prosecutors in the 22 EPPO countries (2).…

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.…

Renewable energy systems are growing fast in scale and diversity worldwide. But as with any innovative technology, commercial criminals seek to exploit new online vulnerabilities. Keith Nuthall and Sarah Gibbons report.

Cybercrime attacks on energy systems can be high profile – witness the American Colonial Pipeline energy company ransomware attack, when the company paid out USD4.4 million to hackers.   …

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.…