Search Results for: America

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.…

THE HONG Kong government’s 2019 budget is to include a planned 75% reduction of profits tax, salaries tax and tax under personal assessment for the 2018-19 tax year, up to Hong Kong dollars HKD20,000 (USD2,547) per case. These breaks will cost HKD18.9 billion (USD2.4 billion), benefiting about 2.05 million taxpayers.…

WITH auto manufacturers looking for ways to light-weight electric and hybrid vehicles, to boost performance and battery life, the European Union (EU) is investing in a Spanish company that is seeking to develop recyclable thermo-plastic alternatives to rubber for auto parts.…

THE SUBMISSION to the White House by the US Department of Commerce of a report recommending whether and how the USA should impose tariffs on automotive and related parts on national security grounds has provoked significant concern worldwide.

President Donald Trump has 90 days from February 17 (to mid-May) to decide on whether to impose the tariffs under section 232 of the Trade Expansion Act.…

THE GLOBAL smart coatings sector is expected to record a year-on-year average annual gain in revenue of 31.5% over the next five years, with the market projected to reach USD11.68 billion by 2024 – compared to USD 885.5 million in 2015.…

BRITAIN, Germany and France have established a clearing house to facilitate non-USD trades with Iran, to help European companies to do business without falling foul of tightened American sanctions against the Islamic Republic.

Based in Paris, and headed by former Commerzbank director Per Fischer, a German, the Instrument In Support Of Trade Exchanges (INSTEX) is owned by the three supporting governments.…

TRADE-based money laundering (TBML) continues to be a complex typology that is tough for law enforcement to detect and ML regulators to control.

The risk is that with Iran being subject to new USA sanctions, the use of TBML is going to grow in the short term, warn experts.…

WITH Bahrain investigating its first major oil find in 86 years, the mineral sector will be keeping a close eye on exploration because this is an offshore shale oil and gas resource that will need fracking inputs to extract hydrocarbons.

“It is definitely very unique, a one of a kind oil find in shallower waters close to shore,” said Edgar van der Meer, senior research analyst at NRG Expert, in London.…

ANNOUNCEMENTS made at the Routes Americas conference for 2019 have demonstrated how the region’s civil aviation sector is expanding and providing more business to airports.

New Canadian low-cost carrier Jetlines, for example, unveiled plans to put conference host Quebec City on its route network when it begins operating later this year.…

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling on whether retaliatory duties imposed by the European Union (EU), on US knitwear exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…