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The Italian beauty and personal care industry has headed into 2017 with optimism, on the heels of a still slow yet solid recovery in the domestic market and the strengthening of its competitive edge in foreign markets. Although the most recent confirmed data goes back only to 2015, industry association Cosmetica Italia’s latest forecast for the sector, released in July 2016 and entitled, ‘Economic Forecasts, Trends and Investments in the Cosmetics Sector – July 2016’, gives a good idea on the 2016 year-end results we can expect from the Italian cosmetics industry.…

Libraries should be allowed e-book licences across the European Union (EU), the European Parliament’s lead negotiator on the European Commission’s proposed copyright reforms, Maltese MEP Therese Cachia Comodino will propose later this year, a Brussels hearing has been told. A position paper from the MEP circulated on Wednesday (January 11) said that if the rights holders are fairly compensated and technical measures allow effective control of the lent work, libraries should be allowed to hold and lend e-books in all 28 member states.…

CHINA’S textile sector is feeling positive about the Chinese government’s ambitious ‘Made in China 2025’ national strategy, hoping it will guide producers towards sustainable growth.

The policy was unveiled in May 2015 by Chinese Premier Li Keqiang. It is designed to move the entire Chinese manufacturing sector away from low value-added activities to medium- and high-end operations in just 10 years’ time.…

FINLAND’S independent contract car maker Valmet Automotive (VA) is experiencing a remarkable renaissance thanks to orders from Germany’s Mercedes-Benz, growth that is expected to continue with support from the European Investment Bank (EIB).

VA’s breakthrough came when it signed a deal with Daimler in July 2012 to make more than 100,000 Mercedes Series A models between 2013 and 2017.…

HR managers in Taiwan are being forced to review their working hours and holiday strategy as young professionals seek more work-life balance than their older peers. East Asian employees are known for their extreme diligence, with those in Taiwan, for example, on average toiling away for 2,134 work hours a year, compared to the average for Organisation for Economic Cooperation & Development (OECD) member states of 1,771 hours.…

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.…

EUROPEAN Union (EU) statistical agency Eurostat has released comprehensive EU-wide air passenger data revealing increases in traffic in all 28 EU member states. Overall, 918.3 million passenger flights were undertaken in the EU in 2015, up 4.7% on 2014, and 22% compared to 2009.…

Currency exchange falls in Pounds Sterling following the UK’s Brexit vote have been blamed by easyJet for a decline in profits. The company which has extensive costs in the Eurozone and revenues in the UK, reported a 27% year-on-year dip in pre-tax profits to GBP495 million (EUR 587 million) for the year to September 30, 2016.…

WHILE Japan has freed up its electricity market, in 2015, end-user price regulation was still applied to household electricity markets in 12 European Union (EU) member states (46% of electricity and 54% of gas price offers from different service providers), Europe’s electricity industry association Eurelectric spokesperson Anamaria Olaru told Energy World.…

A new European Union Observatory for Nanomaterials (EU-ON) database is set to go live in summer 2017. Its establishment will relieve the cosmetics industry which had feared earlier proposals to create a mandatory nanomaterials register, regarding it as a potential bureaucratic nightmare.…