Search Results for: Germany

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.…

AN INCREASING number of so-called ‘digital doppelgangers’, faked digital identities, designed to bypass financial anti-fraud systems, are being traded online via the darknet and even the open internet, according to David Décary-Hétu, Assistant Professor at the School of Criminology at the University of Montréal, Canada.…

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.…

Described by environmental campaigners as “the elephant in the COP21 negotiations room” when climate change proposals were agreed in Paris during 2015, today – the electrification of shipping is moving ahead apace.

From inland ferries to cargo barges and cruise ships, vessels are being built or retrofitted with renewable power propulsion sources, curbing the shipping industry’s major emissions.…

Novel food ingredients and products are becoming increasingly common in branded products across Europe, finding new markets by offering twists to traditional tastes. These new technologies are enabling manufacturers to identify new untapped taste demands, which many big corporations have missed or failed to develop a product that fits a potential new market.…

COSMETICS companies serving the south Asia market may grumble that they are facing challenges, but the reality is the region’s emerging markets offer growth rates that can only be dreamt of in richer countries.

India’s beauty and personal care product market is a case in point.…

VIETNAM has been a major textile production hub for years and, as the country’s government pushes sectors to embrace technology associated with the Industry 4.0 movement, some companies are adapting advanced methods such as digital textile printing.

According to statistics from India-based Mordor Intelligence, Vietnam is the third-largest garment exporter in the world, with the United States, the European Union, Japan and South Korea serving as major destination markets. …

FAR from being the zone of volatility of the 1990s, eastern and central Europe’s economies and hence their paint and coatings markets, are enjoying stability and steady growth. In Croatia, for instance, according to market researcher Euromonitor International data, the paint and coating industry posted revenues of USD147 million, USD 2 million more than in 2017.…

The news that major American retailer Barneys New York has entered Chapter 11 bankruptcy and plans to close all but two stores is yet another warning sign for the industry that brands should not rely upon department stores to sell their product.…

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.…