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THE EUROPEAN dairy industry will be looking closely at the policies of the new European Commission that is now expected to assume office on December 1 – it is likely to increase pressure on the sector to improve its environmental performance.…

RUSSIA’S dairy industry has been trying to develop its size and sales while its government’s restrictions on European Union (EU) dairy imports remain, but there are questions about how well producers would cope with imports once these sanctions are, eventually, lifted.…

THE EUROPEAN Union’s (EU) fourth anti-money laundering directive had not even been implemented before Panama Papers revelations on massive tax evasion highlighted critical gaps in the bloc’s regulatory framework, especially regarding cryptocurrencies and prepaid cards. The result was directive (EU) 2018/843 of May 30, 2018 commonly known as the fifth anti-money laundering directive.…

Clothing brands from the USA who are switching purchasing to Vietnam from China because of the trade war need to smarten up – and understand how business with Vietnamese trading partners differs from working with their old Chinese suppliers. “The main issue is that many US buyers expect to do business in Vietnam the way they have been doing in China, but the business culture is very different and many find it impossible to work in Vietnam because they do not understand or accept the differences,” said Frank Vossen, who runs Seditex, a Ho Chi Minh City-based based sourcing consultancy, focused on quality control. …

A EUR55 billion tax fraud case, in which two British investment bankers claimed capital gains refunds for taxes that had never been paid, is back in the spotlight as their trial kicked off in Germany. The Cum-Ex (with and without) tax loophole, where the traders claimed tax refunds twice on transactions when it had only been paid once, was closed in 2016, but not before it cost EU countries an estimated EUR55 billion.…

THE TURKISH plastics manufacturing sector has grown exponentially over the past decade, but growth has spluttered over the past year due to the country’s economic downturn and currency depreciation raising the cost of raw materials. Investment has also slowed, but manufacturers are optimistic the sector will rebound, with exports remaining strong.…

THE BEAUTY and personal care sectors have performed healthily in Australia and New Zealand throughout the past year, with companies providing consumers with fulfilling experiences, skin care excellence and natural ingredients performing particularly strongly.

The continued growth of beauty and personal care in Australia in 2018 was also driven by the expansion of specialist retailers Mecca and Sephora in premium beauty.…

CONTINUOUS dyeing technology is being refined and improved and offering finishers worldwide the chance to improve their output efficiency, while reducing chemical, water and energy usage. However, emerging markets finishers can struggle to find the investment costs required to install this top-line cutting edge dyeing machinery.…

WHILE the spectre of Brexit looms over the British economy and hence its beauty markets, the fundamentals of its personal care product sector live on. As the UK ponders leaving the European Union (EU), maybe in October, commentators often cast a wary eye at Germany to see how this economic engine of the EU is performing – maybe to check whether Brexit is as big a business mistake as many experts warn.…

THE INDIAN cosmetics market is becoming increasingly focused on environmental issues and personal care product companies are being forced to adapt accordingly. “‘Water conservation’, ‘anti-pollution’, ‘plastic ban’ and ‘paraben free’ are the claims that more and more consumers like and brands are getting very savvy of,” Koyel Mukherjea, new business development specialist for the beauty and personal care sector, at market intelligence company, told Soap Perfumery and Cosmetics (SPC).…