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A RESEARCH project that has received EUR7 million in funding from the European Commission is working to bring more environmentally-friendly processes in the mainstream of the cosmetics industry in Europe. The OPTIBIOCAT (Optimised esterase biocatalysts for cost-effective industrial production) project, which began in 2013, wants to replace resource and energy-intensive chemical processes currently used in the cosmetics industry with less intensive ones, based on enzymes.…

Caribbean jurisdictions may be increasingly signing up to the requirements of America’s Foreign Account Tax Compliance Act (FATCA) but there is no great enthusiasm about it. Indeed, some bankers fear it could lead to a sharp fall in the region’s charms for investors.…

ECUADOR, an important confectionery exporter to the European Union (EU), has struck a new bilateral free trade agreement with the EU, which will eliminate tariffs on imports to Europe. The new trade deal is supposed to take effect in late 2016, and until then a system of preferential tariffs will be in place.…

VIETNAM’S production of powder coatings and liquid protective coatings has in the past been a small part of the country’s paint and coatings output – but foreign investment maybe about to change that. The country has around 80 coatings manufacturers, who have together manufactured a relatively meagre 30,870 tonnes of these specialist products, generating USD91 million’s worth of revenue in 2012, according to the most recent data made available by market researcher Frost & Sullivan.…

THE LATEST European Commission annual report on European Union (EU) anti-fraud measures has highlighted concerns that member states may be doing far too little to detect EU-related financial crime. Keith Nuthall reports.

A 2013 Report on the Protection of the EU’s Financial Interests noted that some member states reported “very low numbers of fraudulent irregularities” – but the Commission does not believe this is because they are clean.…

THE LATEST European Commission annual report on European Union (EU) anti-fraud measures has claimed member states may be doing too little to detect EU-related financial crime. Brussels’ 2013 Report on the Protection of the EU’s Financial Interests noted some member states reported “very low numbers of fraudulent irregularities”.…

Rapidly increasing continental air traffic has fuelled intense competition among east African countries in constructing and upgrading airport infrastructure. Indeed, investments could exceed USD1.7 billion in the next three years, according to Andrew Luzze, the executive director of the East African Business Council.…

THE LATEST European Commission annual report on European Union (EU) anti-fraud measures has highlighted concerns that member states may be doing far too little to detect EU-related financial crime.
Brussels’ 2013 Report on the Protection of the EU’s Financial Interests noted that some member states reported “very low numbers of fraudulent irregularities”.…

Extreme weather events in 2013 were plentiful in the Asia-Pacific region – increasing demand for high performance coatings. Typhoons and cyclones brought devastation to parts of the central Philippines with typhoon Haiyan, while India was hit by Phailin, the second strongest tropical cyclone to strike the country since accurate meteorological records began.…

Governments from European countries called on garment companies who sourced from Rana Plaza, Bangladesh, to fund compensation to victims of the building’s collapse one year ago. The message came in a joint statement from the governments of France, the Netherlands, the UK, Germany, Denmark, Italy, and Spain, made by Lilianne Ploumen, Dutch minister for foreign trade and development cooperation at an international Organisation for Economic Co-operation & Development (OECD) meeting yesterday (June 26) in Paris.…