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China will boast the world’s number one cosmetics market in 2018 according to global financial services firm Morgan Stanley: it will account for 20% of total sales, compared to 17% for the second-placed USA and 10% for third placed Japan – overtaking America for the first time, it said.…

EUROPEAN Union (EU) ministers finally committed, on December 18, (2017), to a target of reaching at least 27% renewable energy out of overall energy consumption by 2030. While lower than the 45% or 30% demanded by green groups and the European Commission respectively, the biofuels industry has declared that its output should be instrumental in meeting this goal.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

COMPANIES and citizens defrauding European Union (EU) revenue collection (including customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face direct criminal proceedings brought by a European Public Prosecutor. The EU Council of Ministers has approved establishing this new institution in 20 of the 28 EU member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal, Romania, Slovenia and Slovakia.…

COMPANIES and citizens defrauding European Union (EU) revenue collection (including
customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face
direct criminal proceedings brought by a European Public Prosecutor (EPPO). The EU
Council of Ministers has approved establishing this new institution in 20 of the 28 EU
member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia,
Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal,
Romania, Slovenia and Slovakia.…

A EUROPEAN Commission study has outlined the difficulties that would be faced in upgrading biofuels in the European Union (EU) from existing common E5, E10 and B7 blends to new bio-rich B10 and E20 blends. The report notes that while this would help the EU reduce its carbon emissions, “they cannot just replace” the existing blends, because “a large share of the current vehicle fleet is not compatible with these new fuels.”…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

THE UNITED Arab Emirates (UAE) may hold an enviable portion of the world’s oil and gas reserves, at 4% and 3.5% respectively. But this has not stopped the country diversifying its long-term energy sources through developing nuclear power. With generation imminent, nuclear energy regulators and companies are watching closely how this rare event – a country embarking on a new civilian nuclear programme – rolls out.…

With an ever-increasing reliance on technology and global shift towards renewable energy to protect the planet’s resources, the Nordic industrial minerals sector finds itself at something of a crossroads in terms of sustainability.

Home to some of the world’s largest reserves of minerals used in critical technologies, with a profitable future predicted, the industry is being closely monitored by Nordic regulatory authorities to ensure mining is conducted as ethically and sustainably as possible.…

DAIRY robots might seem like science fiction, but their use has increased dramatically in Europe over the last 20 years. Ireland’s Animal and Grassland Research and Innovation Centre (Teagasc) predicts 20% of cows will be milked automatically by 2020, with other reports citing a 50% rate in northwest Europe by 2025.…