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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.…

Brazilian booksellers teamed up at São Paulo’s international book biennial from August 22 to 31 to lobby its government to help protect them against Amazon’s physical and e-book sales service, now serving South America’s largest economy.

Amazon launched its physical books service on August 21 with 150,000 titles available, the vast majority on Brazilian Portuguese.…

European Union (EU) meat production is projected to start growing in 2014, according to the European Commission, as Europe’s economic recovery solidifies. This could be up 0.7% year-on-year for beef, veal, pigmeat, poultry, sheep and goat meat. However, exports might fall for pigmeat and poultry, with Russian import bans especially causing problems for pigmeat.…

THE EUROPEAN Commission has launched the second phase of its fuel cells and hydrogen joint undertaking, sinking EUR1.33 billion into hydrogen-based energy and transport fuel technology until 2020. The European Union (EU) is planning to contribute up to EUR665 million, leveraging at least EUR665 million from private sources.…

Satellite telecommunications are part of the mix for Europe’s plans to boost high speed broadband – but how important are these space-based services. Aarti Holla-Maini, Secretary General, European Satellite Operators’ Association (ESOA) explained to European Communications.

Q.1 The EU reached its target for 100% access to satellite broadband in May, but European Union (EU) digital agenda Commissioner Neelie Kroes said that there is still a “digital skills gap.”…

COSMETICS and personal care product companies are increasingly looking to eco-friendly packaging to deliver green marketing as well as practical cost-saving advantages. Producers are seeking to raise consumers’ awareness of environmentally-sensitive products by using packaging materials such as wood and decoration such as reusable ribbons and scarves; encouraging thrift by offering refillable fragrance bottles; and saving costs by using lighter packaging materials, that can also be flagged as sustainable on labelling.…

THE MIDDLE East cosmetics market is weathering the region’s current political and economic instability in the region. While the markets in the Levant are experiencing tough times, Gulf sales continue to grow. Retailers and manufacturers are also offsetting the losses incurred in depressed and unstable countries by exporting to burgeoning African markets.…

AN INFLUX of big-brand café and convenience retail chains is whetting China’s appetite for sweet bakery, including in smaller cities. Brands are diversifying and moving upmarket, offering coffee and seating.

Take Beijing’s Beixinqiao, in the city’s older quarter, a busy intersection of residential blocks and a hub for restaurants and youth-focused fashion stores.…

WHEN American personal care product giant Johnson & Johnson opened its shared-services centre in Prague during 2006, it employed 12 people and provided only in-group procure-to-pay services. Currently this Johnson & Johnson finance centre is the largest of the five centres the company operates worldwide in terms of staff numbers as well as the scope of services it provides to internal business partners.…