Search Results for: Dutch

The Gulf kingdom of Bahrain is kicking off 2021 with the grand opening of its new airport passenger terminal, a 210,000 square metre (sqm) building that is four times the size of the existing facility. Following its official opening on January 28, the terminal will be capable of processing 130,000 air traffic movements a year, up from 95,500 in 2019, and will have a handling capacity of 4,700 bags an hour. …

WITH Brexit out of the way, as far forging as forging a trade agreement with the UK is concerned, the clear priority of the current European Commission is its European Green Deal policy, which will significantly impact Europe’s energy sector. One strand of this ambitious plan to deliver European sustainability and climate-change neutrality by 2050 is energy efficiency.…

Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register.  The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…

WHILE projections for sales of electric vehicles (EV) vary, all predictions agree that this market will explode in size in the next few years. An International Energy Agency (IEA) model for instance has suggested 245 million EVs will be driven worldwide by 2030. …

A RESEARCH consortium in Canada is developing an open source model to create data-rich digital maps that can improve the operations of autonomous vehicles (AVs). The inspiration behind ‘Open HD Maps’ is to enable the holders of mapping data outside existing proprietary mapping services to contribute their information to a collaborative platform on a profit-sharing basis.…

Mavi, the Turkish denim giant, sold 9.7 million pairs of jeans worldwide in 2019, and, its chief executive has told just-style, has rebounded from the shuttering of the garment sector earlier this year with e-commerce sales doubling in its major markets.…

BOTH the Australian as well as the New Zealand cosmetics and personal care market have been hit hard by the Covid-19 pandemic. However, trends towards increasing purchases of health conscious and natural products have continued, with local brands gaining momentum, indicating how the Australasian personal care product market will develop once the coronavirus has lost its bite.…

The takeover of troubled Greek cold cuts producer Creta Farms has been approved by a court, with Dutch-Bulgarian investment trust Impala Invest Group, which already runs food manufacturers in Bulgaria, to gain ownership.

A court of first instance in the Cretan city of Rethymno has formally approved a restructuring plan filed at the court by the new owner, which had been previously approved by the Greek banks and includes debt haircut of 64.12%.…

THE INTERNATIONAL chocolate industry has been making all the right noises about practising due diligence over supply chains, so that brands ensure their cocoa is grown and processed responsibly – environmentally and socially. But doubts persist among NGOs that enough checks are made by companies and supplier country partners (including governments) and when wrongdoing is discovered it is contested effectively, in the confectionery and other sectors.…

GIVEN the hundreds of billions of dollars spent by banks on fighting money laundering, fears that trade-based money laundering (TBML) remains widespread, as stressed by FATF, the APG (http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-basedmoneylaunderingtypologies.html), and most recently, the European Commission (https://ec.europa.eu/info/sites/info/files/supranational_risk_assessment_of_the_money_laundering_and_terrorist_financing_risks_affecting_the_union_-_annex.pdf), are of serous concern. The World Trade Organisation (WTO) said that in 2018, global merchandise exports were worth USD19.48 trillion, so there is plenty of place for laundered money to hide.…