Search Results for: Germany

THE MARITIME industry has been slow to acknowledge the threat posed to it by cyber attacks but the increasing connectivity of technologies across all layers of the supply chain create a tempting target for hackers. Sarah Gibbons reports. 

WITH increasing levels of connectivity across global supply chains, the maritime industry faces a significant risk of cyber-attacks.…

VIETNAMESE textile manufacturers should invest in new machinery so they can take advantage of the incoming free trade agreement between Vietnam and the European Union (EU) say German trade and industry representatives.

Germany’s Mechanical Engineering Industry Association (Verband Deutscher Maschinen-und Anlagenbau (VDMA) expects the forthcoming EU-Vietnam free trade agreement (EVFTA) to lift Vietnamese garment exports to the EU with the help of more imported machinery to boost textile production.…

For the first time since Zimbabwe gained independence from Britain in 1980, the African country’s tobacco selling season opened on March 21 this year with long time ruler Robert Mugabe no longer in power.

Former President Mugabe resigned last November (2017), faced with impeachment proceedings from Zimbabwe’s lawmakers, with the country’s generals and his own ZANU-PF party having turned against him.…

India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…

THE NONWOVEN adult incontinence market in Europe is offering hygiene product manufacturers and brands a chance to profit in a wider sanitary segment that has been and remains highly competitive.

Western Europe has a high per capita consumption in sanitary protection and a fiercely competitive retailing environment, according to Miles Agbanrin, an analyst for market researcher Euromonitor International.…

DEFERRED Prosecution Agreements (DPAs), that allow companies and individuals that admit to wrongdoing and cooperate with investigators and avoid prosecution, are becoming increasingly common worldwide, including for money laundering offences. The systems are particularly useful sticks to force erring financial and other corporate institutions to improve their anti-money laundering and combating the financing of terrorism systems (AML/CFT), with prosecuting agencies deferring criminal cases on condition of sustained AML/CFT reforms.…

THE EUROPEAN Union’s (EU) financial watchdog, the European Court of Auditors, is auditing the deployment of SESAR, the EU’s technological modernisation programme for air traffic management. The assessment will examine whether it is well managed and will contribute to the Single European Sky (SES) initiative.…

Turkey’s textile exports appear to be moving ahead, with strong growth indicated in 2018, up 10.5% overall in March (2018) year-on-year, according to data from the Turkish Exporters’ Assembly (TİM). Exports of textiles and raw materials rose 13.8% year-on-year at the end of March 2018, to USD9.03 billion.…

THE DECISION of the European Commission not to propose a harmonised European Union (EU) approach for excise duty on e-cigarettes and other novel tobacco products has been welcomed by the tobacco sector for avoiding punitive taxation on a nascent segment.

But should such rules ultimately be introduced the tobacco sector may not oppose them if they reflect the lower health risks involved in consuming such products by enabling lower excise duty bands.…

GERMANY’S federal finance ministry has said it will lend EUR1.2 billion to a key Azerbaijan company involved in developing Caspian Sea natural gas, exporting it via a burgeoning pipeline network to central and western Europe. Azerbaijan’s ‘Closed Joint Stock Company Southern Gas Corridor’ (SJCC), formed in 2014 by presidential decree, will borrow the funds to help develop the Shah Deniz offshore gas field in the Caspian.…