Search Results for: Climate change

IVORY Coast has imported more than double the value of cosmetic products in 2015 when compared with 2009, from the European Union (EU) alone, signaling the creation of a booming domestic beauty market as the country emerges from a civil war that ended in 2011.…

The Moroccan bath and shower products market grew by 8% in 2015, with a sales value of Moroccan Dirham MAD868 million (USD86.1 million) according to UK-based market research company, Euromonitor International, while the highest growth rate was reached by intimate washes with 12%.…

The Egyptian bath, shower and soap sector is growing in retail value, and will be worth USD230.6 million in 2016, according to UK-based market research company Euromonitor International, up by 16% since 2015. But overall, sales growth in this segment is sluggish due to the country’s continued relatively slow economic growth (forecast for 3.3% by the World Bank for 2016), political uncertainty and low purchasing power.…

The European Commission needs to reform its governance systems to boost its efficiency and make it less prone to corruption scandals, Lazaros Lazarou, the Cypriot member of the European Union’s (EU) financial watchdog, the European Court of Auditors, has told Accounting & Business.…

The reform of European Union (EU) statutory audit rules, which came into force on June 17, represents a set of challenges to public interest entities (PIEs) and their audit committees. And with these changes applying to fiscal years beginning on or after this date, and given that there are about 37,000 PIEs (basically listed companies, credit institutions and insurance undertakings) across the EU, the reform is having a profound effect on European corporate governance.…

THE MALAYSIAN government has released its 2017 budget with a pledge to reduce corporation tax by between 1% and 4% for companies with significant increases in taxable income during 2017 and 2018. The budget will also mandate a cut in income tax from 19% to 18% for small-and-medium-sized enterprises (SMEs).…

WITH the Paris Agreement on fighting climate change having come into force on November 4, financial and environmental reporters will start to prepare in earnest for the monitoring and reports that will follow its implementation. Of course, ironically, four days later – on November 8 – Donald Trump was elected as President of the United States, having campaigned against the agreement.…

To keep pace with today’s global and interconnected world, auditors must move with the times, European experts told a high-level Brussels conference on November 16.  Maggie McGhee, director of professional insights at the Association of Chartered Certified Accountants (ACCA) – joint hosts of the ‘Future of Audit’ conference with assurance, tax and advisory services network Grant Thornton International, said: “Auditors need to adapt and constantly innovate.…

THE EUROPEAN Commission of president Jean-Claude Juncker came to office in 2014 promising to focus on major projects and programmes – with major telecoms reform and expansion being a key goal.

His team has now delivered on that pledge, proposing a comprehensive package of competition changes and funding proposals that, if approved, would change the EU’s telecoms market controls, set ambitious targets for EU-funded broadband roll out and strengthen the role of BEREC as a European regulator.…

With the country in political turmoil following an attempted coup in the summer and a subsequent economic downturn, the current situation in Turkey is having a negative impact on spending, particularly on luxury items including personal care and pampering products. Consumers, instead, are tending to stock up on essential items such as basic foodstuffs as concerns about the present crisis continue, but personal care products, especially higher end lines, are a lower priority for consumers.…