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THE EUROPEAN metals industry has reacted positively to the European Parliament’s endorsement, on November 15 at a Strasbourg plenary meeting, of new European Union (EU) anti-dumping rules which are scheduled to come into force early next year.

However, sector representatives cautioned this week that while the proposals, first presented by the European Commission in November 2016, were stronger and clearer than past rules for erecting such protective duties, “the proof is in the pudding”.…

THE FIVE month-long diplomatic and commercial dispute between Qatar and the so-called ‘anti-terror quartet – ATQ’ of Saudi Arabia, the Saudi Arabia, Bahrain, the United Arab Emirates (UAE) and Egypt) continues and revolves around Doha’s alleged financial support for terrorist groups.…

WHILE the Vatican City State and Holy See’s acceptance that their financial institutions could be exploited by money launderers is far more realistic than the denials of 10 years ago, a much-anticipated Italian court ruling has shown much work is needed to clear dirty money from these hallowed accounts.…

AS a developing country with a fast-growing, cash-based economy, Vietnam presents strong potential for money laundering and other financial crimes. Weak regulations and poor governmental oversight of the financial sector add to the challenges the country faces in combatting financial crimes.…

HUMAN resources experts in Asia have challenged the widely-held belief that recruiting more and more younger ‘digital natives’ who grew up in the Internet age is the best answer to technological developments completely transforming traditional work environments.

Personnel specialists in the tech-innovation-driven economies of Singapore, Hong Kong and Malaysia believe that an older more experienced workforce might actually be more beneficial to organisations mastering digital development challenges.…

MORE could be done by the Indonesian government to improve the opportunities for job seekers as unemployment figures continue to rise, say HR experts.

While the IT sector is set to drive the economy forward, the skillsets of local would-be employees are still lacking and a push is required towards stepping up education levels, they warned.…

HUMAN Resources experts across east and southeast Asia need to rethink what can be overly-automated hiring processes, lacking in personal touch, say some experts. Indeed, there is a need to rehumanise the candidate experience, according to a new study which found that too much automation puts off prospective candidates rather than attracts them.…

THE GERMAN car industry could be facing fines totalling EUR50 billion (USD58.3 billion) from European Union (EU) anti-trust authorities investigating allegations of a long-running cartel, experts fear. And with Audi, BMW, Mercedes-Benz producer Daimler, Porsche and Volkswagen all being investigated on allegations they were neck deep in a collusion deal dubbed ‘Das Kartell’, the resulting fines could prompt a permanent change in how the German auto industry works, said one specialist.…

THE FINANCIAL Accounting Standards Board (FASB), of the United States, has proposed revisions to the USA’s generally accepted accounting principles (GAAP) on leases and also the recognition and measurement of financial assets and financial liabilities. It has also released a wide range of planned textual changes to the FASB Accounting Standards Codification, covering nine sections of GAAP, including brokers and dealers’ liabilities, income taxes, fair value and more.…

CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …