Search Results for: Switzerland

A MEMORANDUM of understanding (MoU) has been signed by the Hong Kong Securities and Futures Commission (SFC) with China’s ministry of finance and the China Securities Regulatory Commission (CSRC) boosting SFC access to audit working papers from audits of HK-listed mainland companies.…

AN INTERNATIONAL market research company is predicting that the legalisation of recreational cannabis, notably in Canada, and now in 10 US states, could encourage tobacco consumers to shift from smoking to vaping, and even depress tobacco sales overall long term.

Shane MacGuill, head of tobacco at Euromonitor International, said that while in the short term, recreational cannabis legalisation “could support the Canadian tobacco market as consumers experiment with consumption of cannabis flower in combustible format”, he predicted “any bump will be relatively small and short lived”.…

EVERY manufacturing and agricultural industry has an impact on climate change – and the tobacco sector is no different. Faced with long-standing criticism of the health impact of its products, the tobacco industry is now facing attacks that its work generates carbon emissions and hence climate change.…

In April (2019), Switzerland’s highest court (the federal tribunal) ordered that Zurich-based Falcon Private Bank hand over Swiss Francs CHF2.5 million (USD2.5 million to Switzerland’s Financial Market Supervisory Authority (FINMA) for its involvement in the global money laundering (ML) scandal involving state-owned Malaysian investment fund, 1Malaysia Development Bhd (1MDB).…

Just four months before Italy’s much-anticipated Formula One (F1) Grand Prix was set to roar through the Monza racetrack on September 6-8, (2019), a major arrest involving money laundering within FI was made in Dubai. Luigi Provini was handcuffed in the United Arab Emirates (UAE) emirate and placed on a direct flight to Rome, for questioning by Italy’s Financial Police (Guardia di Finanza – GdF).…

MARCH’S approval by the European Parliament of new European Union (EU) electricity market rules, designed to increase consumer choice, boost renewables access and cap power subsidies, were hailed by the European Commission as a new dawn for the creation of the EU’s much vaunted Energy Union.…

WITH the Carbon Trust defining energy management as the use of technology to improve energy performance of an organisation within their holistic management processes, the need to tap data banks of expertise can only help in framing and operating such policies.…

THE PERSONAL care product sector has an increasingly complex and global supply chain and as a result, international technical standards are growing in utility and importance. Where suppliers and retailers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

RUSSIA’S paint industry is slowly growing but upcoming chemical regulations could limit the output of some potentially hazardous products. There are two such laws in the pipeline. One is a technical regulation ‘On the safety of chemical products’. This was adopted and ratified by the Russian government in 2016, and will come into force in 2021 (on July 1), and bans the use of a range of hazardous chemicals, some used by Russian coatings manufacturers. …

The US paint and coatings industry is set to experience pain as “the spectre of significantly reduced profits looms large” because of the ongoing trade war over tariffs with China, a trade think-tank has warned.

And American industry representatives have indicated job losses and “negative financial impacts” could result from the tariffs increasing the cost of chemicals and other raw materials imported by the sector.…