Search Results for: Brazil

THE BURGEONING automotive manufacturing sector of central Europe’s Slovakia is paying close attention to an inquiry by the European Union (EU) executive, the European Commission, into how its government supports the sector. The upcoming decision by the Commission, which has powers to ensure national governments do not distort the EU’s single market by subsidising local industrial champions, could have significant implication for the future of Slovakia’s auto sector.…

THE EUROPEAN Commission has reported that wines and spirits were the subject of more new foreign trade barriers to EU exports during 2016 than any other sector. Its ‘2016 trade and investment barriers report’ said there were seven such new restrictions.…

Brazilian prosecutors have fined the parent company of Brazil meatpacking giant JBS, J&F Investimentos, a record Brazilian Reals BRL10.3 billion (USD3.2 billion) for bribing 1,900 local politicians. Payments, which will start in December, will be spread over 25 years under a May 30 leniency agreement between J&F Investimentos and Brazil’s Federal Prosecution Service (MPF). …

BRAZIL’S beauty and personal care market took a hit in 2016, as the world’s fourth-biggest beauty market struggled to emerge from its worst-ever recession amid political corruption scandals. 

The outlook is for a slow recovery this year, as high unemployment keeps a lid on purchasing power in this market of 207 million people.…

The macro-economic slowdown experienced by Latin America in recent years has thrown the brakes on what had been impressive growth in the beauty and personal care sector since the turn of the century.

Much of the region is now looking for ways to stimulate the sector, tempering ambitions by aiming for more gradual growth rather than runaway success.…

EUROPE’S nonwovens producers again served up a solid performance in 2016 against the background of (uneven and) uncertain trading conditions for the industry.

As usual, the just-published returns from EDANA, the representative organisation for the USD30 billion nonwovens industry in Europe, show some important national variations.…

THE RELEASE of a taped conversation between unpopular Brazilian President Michel Temer and CEO of giant meatpacker JBS has put the South American nation in another political turmoil only one year after its former President Dilma Rousseff was impeached.

The revelations have put heavy pressure for Temer to resign, who denies wrongdoing.…

FOUR Brazilian presidents (including the incumbent), dozens of lawmakers, nearly all governors, mayors of major cities, members of the judicial system and of the press, have been tainted with corruption allegations by the sprawling Lava Jato probe. It has had global impact as one of the biggest scandals in history.…

THE PLANNED introduction of mandatory audit firm rotation (MAFR) by the South African Independent Regulatory Board for Auditors (IRBA) has sparked widespread dissention within the country’s business and accounting communities This is despite that the reform’s goal is to strengthen auditor independence and audit quality and that there are some calls for the move to be brought forward from the current introduction date of April 1, 2023.…

REDUCING Brazil’s excessive duty tariffs through renewed European Union (EU)-Brazil trade talks is essential to increase textile exports to the Latin American country, EURATEX (the European Apparel and Textile Federation) director general Francesco Marchi has told WTiN.com.

Decisions on tariffs are central to negotiations between the EU and Mercosur – the trading block of Argentina, Paraguay and Uruguay and Brazil (Venezuela was suspended from the group in December 2016).…