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Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks’ caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran’s financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.…

While January 6 (2016) was a big day for Chile’s fight against money laundering, with a major money laundering case drawing to close, there is concern that the country’s anti-money laundering (AML) efforts are actually weakening.

After eight years of investigation, Santiago’s 34th Criminal Court handed down the first sentence against eight individuals in the country’s largest ever money-laundering cases.…

PAKISTAN’S textile producers will continue to benefit from European Union (EU) preferential tariffs following a European Union’s decision not to suspend Pakistan’s ‘generalised scheme of preferences plus’ (GSP+), status despite concerns about its human rights record.

The scheme has been beneficial to Pakistan’s textile industry – textiles and clothing account for around 75% of Pakistan’s exports to the EU.…

The Russian government is considering setting up new credit mechanisms for the country’s textile industry and increasing incentives for manufacturers to use domestically produced fabrics, according to the new support programme approved on January 29. But Russian textile industry representatives are sceptical about its short-term effectiveness.…

Mr Balkrishna, who also owns 94% of the company shares, criticised the judgement from the additional district magistrate in Patanjali Ayurved’s home city of Haridwar, Uttarakhand, who fined the company Indian Rupees INR1.1 million Rupees (USD16,100) for selling certain food products, including mustard oil, in 2012 with its own labels, as Patanjali products, even though they had been manufactured by another company.…

The Russian government is reviewing the role of independent trade unions in the country, highlighting their current weak position within Russian textile industry.

Officials within the Russian ministry of industry and trade told WTiN.com that reforms under consideration may include the expanding their functions beyond workplace liaison to giving them the right to be consulted and have influence over proposed laws that affect the domestic textile and light industry.…

China pharmaceutical industry investors want to help sub-Saharan African countries meet growing domestic demand for medicine in return for tax breaks and private-public partnership initiatives. But there are difficulties – including product quality and standards issues that impede the flow of Chinese Yuan into African pharma production.…

Devendra Chawla, group president of food and fast-moving consumer goods (FMCG) at India’s Future Group, has a clear view of how the Indian branded food sector is and has been developing: while Indian consumers love to try new products, they prefer them to be spiced with some familiar flavours from the past.…

MILLENNIAL CONSUMERS ARE SHAKING UP INDIAN MARKET

The emergence of the millennial generation – those born between 1980 and the early 2000’s – is going to drive how consumption, including that of food, takes place in India, according to retail and manufacturing heads at the India Food Forum, which was held in Mumbai between January 19 and 21.…

Brussels Airport Company is to open its ground-breaking Connector terminal-linking building to flights outside the European Schengen passport-free zone mid-March, just a year after its initial launch. Before Connector, Brussels Airport passengers had to use a tunnel, lifts and escalators to reach gates in Pier A – the Connector replaced all of this with a spacious surface building, opened March 24 (2015).…