Search Results for: German

CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …

CONSIDER for a moment the long list of items hacked in spectacular fashion for the edification of those who descended on Las Vegas this summer for the annual BlackHat and DEFCON security events: voting machines, ‘smart’ safes, cars, guns, car washes, infusion pumps and radioactivity sensors.…

Three former senior employees of German logistics giant the FH Bertling group were sentenced at London’s Southwark Crown Court on October 20 for their part in a USD20 million Angola oil corruption case. Joerg Blumberg, Dirk Juergensen and Marc Schweiger, respectively the former group CFO, managing director of the UK subsidiary and manager responsible for the Africa market, each received a 20-month sentence, suspended for two years; a GBP20,000 fine, payable within three months, with a one-year default sentence for non-payment; and were disqualified from being company directors for five years.…

Millennial consumers – the key driver of demand in today’s personal care product market – love personalisation, customisation and ‘do it yourself’ lines, and maybe nowhere more than in Germany. This ‘maker movement’ trend has inspired Cosnova, the Sulzbach, Hesse-based producer of cosmetic brands such as essence, Catrice and L.O.V.,…

THE UNITED Arab Emirates (UAE) has long been a fertile ground for colour cosmetics brands thanks to its large young population (its median age is just over 30) and the presence of image conscious consumers. Despite the pressure of rising costs and fierce competition among brands, the country’s colour cosmetics market experienced moderate growth in 2017 compared to 2016, increasing an estimated 4% in value terms to reach Emirati Dirham AED1.1 billion (USD299.4 million), according to market researcher Euromonitor International.…

EVERY year, two major hacking conferences are staged in Las Vegas, USA – DEFCON and BlackHat – where cutting edge intelligence on cyber-risks are presented. This year, experts warned that net connectivity growing, the number of access points for hackers is growing.…

WHEN looking at the future of the mainland China beauty market, the key demographic for brands to look to are Chinese millennials. Not only are they young and so have years of shopping ahead of them, they are prepared to spend generously on high-end personal care products.…

In a socially-reserved country such as Saudi Arabia where entertainment options are mostly limited to shopping and cafes – the opening of spas and beauty salons offer another avenue for leisure and recreation.

According to market research company Euromonitor International, Saudi Arabia’s spa market was valued at Saudi Arabian Riyals SAR275 million (USD73.3 million) in 2017, growing by 7% over 2016.…

The European Union (EU) has become the largest importer of Myanmar garments, purchasing almost as much from the country in 2016 as the next two largest destinations combined, according to United Nations trade data.

“It’s been quite a swift development, but we had to work hard to earn it,” said Khine Khine Nwe, general secretary of the Myanmar Garment Manufacturers Association, noting that the EU was the third largest buyer in 2014 and second in 2015.…

British Prime Minister Theresa May is to ask the National Crime Agency (NCA) to investigate UK companies’ role in a USD2.9 billion Azerbaijan money laundering scandal, unveiled in a September 4 report from the Organised Crime and Corruption Reporting Project (OCCRP), based on data leaked to Danish newspaper ‘Berlingske’.…