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Russian automotive consumers suffering in their country’s current economic recession are delaying vehicle purchases and investing in single, more expensive family cars rather than buy several small cars for individual use, experts have told wardsauto.

They are commenting on data that has confounded predictions that the country’s volatile financial situation would mean a return to purchasing cheaper and smaller car models, such as the Ladas driven during the Communist years.…

Chinese consumers’ preference for foreign brand and the sparsity of internationally-recognised domestic brands helps explain why some of the country’s largest personal care product conglomerates have been eyeing foreign acquisitions.

For instance, Shanghai-based Fosun International Ltd purchased Israeli cosmetics maker Ahava this April (2016); while Shanghai Jahwa United Co snapped up UK-based Mayborn Group, manufacturer and distributor of Tommee Tippee baby and child products the same month.…

Indonesia’s mosquito net industry is facing high demand due to the growing number of middle class consumers in the country and their increasing desire to live a more natural lifestyle, according to Citra Maya, an Indonesian mosquito net supplier.

Arif Novianto, a marketing manager at Citra Maya, told WTiN.com…

Russia and Turkmenistan have discussed selling an increased level of textile and cotton products from this central Asian country on the Russian market, according to a report from the Chamber of Commerce and Industry of the Russian Federation.

At a high-level meeting in March between the chamber’s vice-president Alexander Rybakov, and the Turkmen ambassador to Russia, Berdymurad Redzhepov, the two countries raised the prospect of greater cotton exports.…

CONCERN is growing that foreign direct investment (FDI) within Vietnam, including in the textile sector, needs to be tempered with efforts to deter unlimited environmental pollution. Public opinion in Vietnam – important even within this one party officially communist state – has been riled by mass fish deaths off Vietnam’s central coast, with environmentalists blaming a toxic leak from a steel mill in April receiving investment from Taiwan, a key investor in Vietnam’s textile sector.…

The recent start of commercial operations at concentrating solar power (CSP) plants in Africa illustrates the potential for utility-scale CSP to capture an increasing share in the world’s power generation mix.

These plants include the 160 megawatt (MW) Noor 1 in southern Morocco, the foundation of what may become the world’s largest CSP generation site, and the 50MW Khi Solar One in South Africa.…

THE EUROPEAN Commission is preparing to make something of a political leap of faith by proposing broad reforms to the European Union’s (EU) VAT system, with the goal of undercutting the EU’s chronic missing trader VAT fraud problem.

Such scams cost EU exchequers around EUR50 billion annually according to the Commission.…

AS accountants, auditors and their business clients consider whether the UK should remain in or leave the European Union (EU) in the upcoming referendum on British EU membership, it has become abundantly clear that there are no simple options.

Remaining in the EU will mean the UK will continue to face demands for accepting European taxation policies that its government and businesses may find unpalatable, especially as it seeks to cement the City of London’s place as Europe’s, if not the world’s, premier financial centre.…

INDONESIAN consumers are becoming increasingly brand-savvy as their incomes surge, driving up the country’s body care product market. As of 2015, this retail segment generated USD169.41 million in sales, and is expected to reach USD245.09 million by 2020, according to Ghina Romani, a researcher with the London-based market intelligence company Canadean.…

THE VULNERABILITY of the European Union (EU) to fraud is a key concern driving support for a Brexit in the UK’s in-out EU membership referendum in June. And VAT fraud is one of the worst and longest-standing of EU financial crime.…