Search Results for: Canada

LICENCES created last year (2016) by Canadian province of British Columbia (BC) for grocery stores, allowing them to sell wine, but only brands made in the province, are being challenged at the World Trade Organisation (WTO) by the USA.

It has triggered disputes proceedings at the global trade body, claiming that by discriminating against foreign wine in this way, BC, and hence Canada, has broken its obligations under the WTO’s General Agreement on Tariffs and Trade (GATT).…

WINTER sportsmen and women are busy training for the 2018 Winter Olympics in Pyeongchang, in South Korea, from next February 9 to 28 (2018), and part of their preparation will be securing the best clothing and footwear made from carefully drafted technical textiles.…

ELECTRONICS and gadgets such as smart watches may have reached their technological and popularity limits, but smart textiles – materials, for example anti-bacterial, that react to environmental or physical stimuli – are here to stay, industry experts argue.

Speakers at this year’s FUTEX – the 7^th Innovative Textile European Convention on ‘interactive textiles for health, sport and the home’ emphasised the bright future for ‘wearable’ technology.…

The January 23 presidential memorandum from President Donald Trump, puling the USA from participation in the Trans-Pacific Partnership (TPP) trade deal has disappointed the American cosmetics and personal care products sector. This is not only because of the tariff barriers it would have eliminated but also because the TPP would have pushed regulatory controls in all TPP countries in the same direction.…

Colombia’s billion dollar illegal gold trade has become one of the country’s primary sources of finance for armed groups and mafias and a hub of commercial crime. Underworld networks now exploit, infiltrate, and co-opt every step of Colombia’s gold supply chain.…

HONG Kong’s Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange have put listed companies on notice that they will closely monitor rights issues and open offers that substantially dilute the interests of non-subscribing minority shareholders.

In a joint statement, the SFC and the exchange have said they fear in some cases deals have been conducted without complying with requirements to give fair and equal treatment to all shareholders. …

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

A FIRST pilot test of automated vehicles is now underway within the Canadian province of Ontario, using a groundbreaking regulatory system designed to encourage tech and auto firms to undertake such research and development.

The pilot, which began November 28, takes advantage of a provincial law, in place since January 1 (2016), which allows companies to test self-driving vehicles on Ontario roads.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

THE PROMISE from US President-elect Donald Trump to withdraw the USA from the Trans-Pacific Partnership (TPP) trade agreement on his first day of office has prompted widespread nervousness in auto-sectors around the world.

His rejection of the deal could scupper an agreement negotiated over five years by the United States; Australia; Brunei; Canada; Chile; Japan; Malaysia; Mexico; New Zealand; Peru; Singapore and Vietnam.…