Search Results for: Austria

TO listen to opposing sides in a polarised debate, February 14, 2013, could go down in European business history as a St Valentine’s Day Massacre of Europe’s capital markets or as the start of a beautiful love affair with regulation that could help to prevent speculative trading turning boom to bust.…

WITH mobile communication service providers facing an increasingly complex but growing market, they are being offered a range of third party services to help navigate a path to maximum profitability in this new commercial world. And with consumers using multiple devices and switching between data, video and voice, it is useful not only to be supplied software systems that helps make sense of this communications Babel, but to be advised and helped along the way.…

THE EUROPEAN Commission has welcomed Thailand lifting its longstanding ban on bovine product imports from European Union (EU) member states, but has complained that Bangkok is insisting on expensive inspections for approved exporters.

Live cattle, beef, veal and other bovine products from Austria, Belgium, Britain, the Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, and Slovenia and Spain have been prevented from entering Thailand since 2001 over concerns about BSE.…

THE SECRETARY General of the World Customs Organisation (WCO) has detailed how the world is woefully unprepared to fight the scourge of counterfeit medicines that can harm or even kill patients. Kunio Mikuriya was speaking at the opening session of a Conference on the Illicit Trafficking of Fraudulent Medicines, held at the Vienna International Centre, Austria, on February 14.…

THE RANGE of penalties for fraud as well as the exact definitions of the offence that apply throughout western Europe are considerable. Within the European Union (EU) alone for instance, the maximum sentences for fraud range from from “at most two years” in Sweden to up to 12 years in Romania.…

THE EUROPEAN Union (EU) police agency Europol has released details of a major football scam at global level with Asian betting syndicates at its heart. It is now up to national prosecutors still investigating some of the cases to unveil the names of football clubs involved in match fixing.…

EUROPEAN Union (EU) confectionery manufacturers and their suppliers stand to boost their export sales and reduce import costs with the launch of talks to forge the two largest bilateral trade deals ever sought by the EU – with the USA and Japan.…

SPAIN, Austria and the Netherlands have been criticised for failing to prosecute cases involving bribery of foreign officials despite being longstanding signatories to the Organisation for Economic Cooperation and Development (OECD) Convention on combating graft in international business. An OECD report published this month found that: in 13 years since adopting the convention, Spain has not prosecuted a single individual or company; Austrian authorities are investigating seven such cases but have failed to convict anyone since the convention came into force there in 1999; and a lack of resources was evident in Netherlands prosecuting 14 out of 22 foreign bribery allegations received by Dutch law enforcers.…

THE GREEN light has been given to 11 European Union (EU) member states to forge a harmonised financial transaction tax, the first time common taxation has been agreed through the EU’s ‘enhanced cooperation’ system. This allows EU member states to pass EU laws that apply to a limited group of member states – in this case Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia.…

BY MJ DESCHAMPS

WINNERS

Nike

Multinational sporting goods giant Nike made positive moves to shrug the bad PR associated with low cost sourcing, announcing it was "changing the rules of the game" in May, with a new factory rating system – the Sourcing & Manufacturing Sustainability Index.…