Search Results for: Swiss
10 results out of 469 results found for 'Swiss'.
CHEMICAL REGULATION DILEMMA FOR NEW UK GOVERNMENT
When the UK left the European Union (EU) on 1 January 2021, it also left the EU’s comprehensive REACH chemical control system, which was formally replaced by a UK REACH system. This mirrored EU REACH, grandfathering existing registrations and restrictions to the national system, although GB companies lost access to EU databases run by the European Chemicals Agency (ECHA).…
VEGAN CHOCOLATE BOOMS WORLDWIDE, WITH BRANDS INVESTING IN QUALITYVEGAN CHOCOLATE BOOMS WORLDWIDE, WITH BRANDS INVESTING IN QUALITY
With consumers becoming increasingly health conscious worldwide, demand for vegan chocolate, replacing dairy ingredients with plant-based materials, is growing fast.
According to US-based Grand View Research, the global vegan confectionery market – dominated by chocolate – is anticipated to generate USD2.62 billion in annual revenues by 2030, expanding at a compound annual growth rate (CAGR) of 9.9% from 2023’s USD1.23 billion.…
RUSSIA SANCTIONS ARE UNPRECEDENTED – BUT SO IS THE LEVEL OF EVASION
The invasion of Ukraine by Russia has sparked an unprecedented level of international sanctions. However, it has also caused an unprecedented wave of sanctions evasion.
June’s (2023) plenary of the Financial Action Task Force (FATF) had a clear message for the global anti-money laundering community, which includes organisations fighting sanctions evasion: “FATF reiterates that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Federation in order to protect the international financial system.”…
AML FINES RISE – BUT HOW EFFECTIVE ARE THEY?
Anti-money laundering fines worldwide are expanding fast, say researchers, but assessments of whether this reduces and deters money laundering or just feed government coffers are not yet conclusive. According to Ireland-based international compliance firm Fenergo, AML/CFT fines worldwide – levied on organisations failing to operate legally mandated AML/CFT controls – increased 52% year-on-year in 2022, totalling USD4.1 billion, compared to USD2.7 billion in 2021.…
DAIRY COMPANIES COMPETE IN THE VEGAN CHEESE MARKET
Manufacturers, including major dairy producers, and retailers are increasingly innovating and investing in the growing market of plant-based cheese, to meet expanding consumer preferences for healthy and sustainable products.
According to data shared by UK-based market research firm Euromonitor International, global retail sales of plant-based cheese have been growing from USD584.6 million in 2020 to a projected USD896.3 million in 2023, Regionally, North America is the main market with projected USD443.2 million in sales in 2023, followed by western Europe with USD385.4 million eastern Europe is much lower with a projected USD13.5 million in sales for 2023.…
INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data.…
INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data.…
CLOUD PLM SOFTWARE TOOLS EVOLVE TO HELP BRANDS TO COMPETE
Cloud PLM (product lifecycle management) software solutions are growing in number and functionalities to meet fashion clients’ needs as brands strive to improve their cost savings, sustainability and transparency.
PLM software helps to manage goods and associated data from production to disposal.…
PERU’S ALPACA AND COTTON EXPORTS: SEIZING OPPORTUNITIES AMIDST EU’S NEW TEXTILE STRATEGY
In the wake of the European Union’s (EU) impending sustainability-focused textile regulations and guidelines (1), Peru stands uniquely poised to amplify its exports of alpaca, camelid fibers, and cotton. This South American nation’s key to unlocking European markets lies in aligning its sustainability initiatives with the EU’s visions.…
USB’S USD1.435 BILLION FINE SHOULD END US MORTGAGE SECURITY SAGA
Swiss bank UBS and its US subsidiaries have paid USD1.435 billion to settle the last of the civil cases stemming from the sub-prime mortgage scandal that spawned the 2008 financial crisis.
The US Department of Justice (DoJ) said on 14 August that the penalties settled a civil action filed in November 2018 for misconduct related to the bank’s underwriting and issuance of residential mortgage-backed securities (RMBS) in 2006 and 2007.…