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The construction of Istanbul New Airport will create a new hub for key emerging market country Turkeyu, replacing Atatürk Airport, located just outside of Istanbul. It processed 57 million passengers in 2014, according to a report released by the airport in 2014.…

Africa’s largest carrier, Ethiopian Airlines, is to have a EUR110 million world-class cargo terminal built to boost its freight handling capacity by fourfold – a move that will confirm Ethiopia’s position as Africa’s main trans-shipment destination.

The new cargo hub, which is being designed by German engineering firm Unitechnik Group, will be the size of five football grounds and be able to shift 600,000 tonnes of freight a year at the Addis Ababa Bole International Airport.…

THE BORDER-free European Union (EU) Schengen zone has continued to weaken, with the European Union (EU) telling the Greek government to boost its border controls or face additional checks on passengers travelling to and from Greece. Reporting on how Greece had dealt with migrants from Turkey, many escaping Syria’s war, the European Commission, concluded there was “no effective identification and registration of irregular migrants and that fingerprints are not being systematically entered into the system and travel documents are not being systematically checked for the authenticity or against crucial security databases, such as SIS, Interpol and national databases.”…

THE INDIAN government’s decision to increase its available subsidies to help companies purchase new textile machinery from 10% to 15% will boost the investment in the country’s technical textile sector, which has been struggling to build big capacities.

Under the ‘Amended Technology Upgradation Fund Scheme (TUFS)’, from January 14 (2016), a producer of technical textiles can avail itself of up to USD4.5 million as capital investment subsidy.…

A EUROPEAN Union (EU)-backed project is developing a new testing strategy to assess chemical safety in consumer products, including for cosmetics and personal care lines, without using animals in experiments.

The EU-ToxRisk project, which has a budget of around EUR30 million, is being coordinated in the Netherlands by Leiden University.…

A recent crackdown on a counterfeit shampoo factory in Spain has shone a spotlight on a burgeoning and problematic underground illicit industry, operating across Europe with links to criminal gangs, money-laundering and terrorism.

A 2013 study by European Union’s (EU) trademarks and designs agency the Office for Harmonisation in the Internal Market (OHIM) says counterfeit cosmetics and perfumes in the EU netted EUR4.7 billion (USD 5.2 billion) in sales on average between 2008 and 2011.…

EUROPEAN confectionery manufacturers have urged caution over the impending end of food export subsidies, which will be scrapped after a World Trade Organisation ministerial meeting in Nairobi, Kenya. Developed country members have promised to remove export subsidies immediately for basic food products, with a slower phase-out for many processed foods.…

The Chilean chocolate market grow by almost 11% annually over the last four years to hit 2.4 kilogrammes annually per head during 2014, with Chile’s consumption overtaking Argentina for the first time, according to data from market analysts Nielsen. But while overall consumption is growing, Chileans are also becoming increasingly sophisticated in their tastes, which has given rise to a growing market for gourmet chocolates, both locally produced and imported.…

Changing management styles is key the success of corporate gender diversity initiatives in the Gulf region and elsewhere, participants of a recent networking breakfast hosted by the Association of Chartered Certified Accountants (ACCA) have concurred.

Entitled ‘Lead the Change: increasing gender diversity to boost performance’, the event was held on February 7 at the Shangri-La Dubai hotel and was attended by more than 60 CFOs and senior finance professionals.…

A COMPREHENSIVE legislative initiative launched by the European Commission on January 28, designed to restrict tax avoidance – especially by multinationals within the European Union (EU) – is likely to be influenced by the raw politics of the upcoming UK in-out referendum on EU membership.…