Search Results for: Austria

Money laundering and due diligence failings led the European Central Bank (ECB) to revoke the licence of one of Austria’s oldest financial institutions with immediate effect last week (on November 15). The Austrian Financial Market Authority (FMA – Finanzmarktaufsicht Österreich), which had recommended the move to the ECB, announced that the European Union (EU) institution had revoked the licence of Anglo Austrian AAB Bank AG, which was known as Bank Meinl until June. …

Novel food ingredients and products are becoming increasingly common in branded products across Europe, finding new markets by offering twists to traditional tastes. These new technologies are enabling manufacturers to identify new untapped taste demands, which many big corporations have missed or failed to develop a product that fits a potential new market.…

‘AUSTRALIAN-made’, ‘cruelty-free’ and ‘natural’ – these were the marketing buzz words most commonly cited during Australia’s leading beauty event – Beauty Expo Australia – staged in Sydney between August 24 and 25.

Although ‘Proudly Australian’ has become a slogan used by many beauty brands based in Australia, the conference actually demonstrated how Australian beauty retailers and consumers are open to trying more international lines, new treatments and innovative products.…

Are universities and the media doing enough in the defence of knowledge when faced with the global rise of populism? This question has been debated at the third Worldviews International Conference on Media and Higher Education. Staged at Canada’s University of Toronto, speakers asked how can higher education and journalism counter the claims of elitism made against these institutions?…

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.…

THE GLOBAL demand for lactic acid is growing, with the world market forecast to reach USD1.75 billion by 2020, on the back of an 8.6% annual gain for polylactic acid, according to data from international nutrition group Glanbia Ireland. So, it is encouraging to hear about the launch of the company’s first-of-its-kind bio-refinery project, that will turn low value by-products from the dairy processing industry into sustainable lactic acid among other by-products, and finally turn Europe to a net exporter of lactic acid.…

Smart coatings are being applied to objects, ranging from fabrics to walls, pipelines and medical devices, to act as sensors and facilitate interaction between people and machines – and potentially save huge sums of money in repair bills.

These technologies are developing fast and offer functionality that extends way beyond smart coatings that can detect cracks, scratches and abrasions and heal themselves – as useful as those qualities are.…

THE EUROPEAN Commission is getting tough in enforcing compliance with the 4^th anti-money laundering directive (2015/849), with a large majority of member states now facing infringement proceedings. The European Union (EU) executive said on March 7 that it had sent letters of formal notice opening legal proceedings to six EU countries (the Czech Republic, Hungary, Italy, Slovenia, Sweden, and the UK) over their failure to apply its anti-money laundering and terrorist financing rules.…

While the confectionery industry is traditionally associated with high sugar levels and unhealthy indulgence, market research indicates that efforts to also appeal to consumers with a growing interest in health and wellness trends are paying off. According to UK-based market researcher GlobalData, in 2016 alone USD3.7 billion worth of confectionery with functional or fortified attributes was sold globally.…

From top quality cacao that meets the new European Union (EU) regulation for minimum cadmium content in foods; to a camu camu fruit-based supplement line with stable shelf life and high vitamin C content; Sacha Inchi flour with over 60% protein content; and liquid high potency maca not found elsewhere, UHTCO Corporation, is expanding its portfolio and presence in the international market.…