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The European Commission has noted that while the number of patent settlements in the European Union (EU) pharmaceutical sector declined in 2014, it is still optimistic that such deals will be used to avoid legal action in future. It says in a report that there were 76 patent settlements concluded between originator and generic companies in the EU pharmaceutical sector in 2014.…

OPPOSITION is growing within eastern and central Europe to the plan to expand the Nord Stream pipeline from Russia to Germany. Gazprom, E.ON, BASF/Wintershall, OMV, ENGIE and Royal Dutch Shell have formed a consortium that would double the capacity of the current Nord Stream 1 and 2 line to 55 billion additional cubic metres of gas a year (bcm/y).…

Innovative protective coatings have always been marked on their ability to deliver a function with excellence. However, there is real marketing gold where companies can demonstrate that coatings deliver a range of protective functions at the same time, such as waterproofing, insulating, and protecting aesthetics.…

The Money Laundering Bulletin has assessed the impact of western financial sanctions on Russia – looking at the impact on anti-money laundering regulation – but what of the compliance demands on financial institutions?

These sanctions are complex, showing how governments can increase the risk of making honest citizens and organisations break the law by imposing complex financial regulations.…

MANY garment manufacturers in the 10-member Association of Southeast Asian Nations (ASEAN) block will have to cope with raises to the minimum wages in 2016. The move comes as ASEAN launches its Economic Community (ASEAN EC) on December 31, easing labour movement across the region.…

THE EUROPEAN Parliament has given its political support for strong action by the European Commission in the coming year to propose and implement concrete actions to create an ambitious Energy Union. Its goal is to freely trading power between the European Union’s (EU) 28 member states.…

The European Commission has launched a review of whether subsidies promoting electricity generating and distributing capacity breaks European Union (EU) state aid rules. These are designed to make sure member states do not give their industries an unfair advantage in the EU’s single market.…

Myanmar has set a target for garment export earnings at USD2 billion for the 2015-16 fiscal year. “Myanmar’s export volume last year was USD1.46 billion – however we are yet to receive data from Germany and Latin America. Our expectation is that when we do, it will stand at USD1.5 billion,” said U Myint Soe, chairman of the Myanmar Garment Manufacturers Association (MGMA).…

AN ORGANISATION for Economic Cooperation & Development (OECD) report has said that increasing alcohol prices through taxes and minimum prices may help “tackle the heavy cost of harmful drinking”. The OECD’s ‘Tackling Harmful Alcohol Use Economics and Public Health Policy’ report added that initiatives tackling alcohol abuse promoted by the drinks industry may also be useful, but more independent evidence is needed before the OECD can make recommendations about their use.…

Following a period of recession-induced stagnation, business in the US body care product industry is back with a vengeance. Driven by a combination of seasonal and demographic factors, Americans spent just over USD2.9 billion, USD9.23 per person, on body care products in 2014.…