Search Results for: Russia

Banking security chiefs and their opponents in their opponents in the underworld of cybercrime are fighting a “cold war arms race” with no long-term solution in sight, fraud specialist academics have told Fraud Intelligence.

And if anyone should doubt that this threat is not just profound, but global in scope, witness that Russia’s Federal Security Service (FSB – Federalnaya Sluzhba Bezopasnosti) announced last month that it had arrested 50 members of a gang believed to have been responsible for a Russian Roubles RUB1.7 billion (USD 26.6 million) bank cyberhack using the Trojan programme ‘Lurk’ to collect customer data.…

THE RUSSIAN government is considering ways of preventing a potential halt to deliveries of foreign alcohol into Russia, caused by delays in providing sufficient quantities of new-style excise stamps to importers.

The new stamps took effect on July 1 and all alcoholic drinks imports should now carry them.  …

Finland is always different from its neighbours across the Baltic. Not Scandinavian, but still Nordic, Finland’s personal care product market has been experiencing hard times, as the country of 5.5 million people sees its economy seesaw between contraction and mild grow (-0.7% – +0.5%) in the last three years.…

Delivering products that are present in everyday life to unknown markets across the globe, online sales are essential to boost the already booming EUR77 billion European cosmetics market, Cosmetics Europe director general John Chave told last week’s ‘Personal care in a changing world’ conference in Brussels (June 13-17).…

EUROPEAN Union (EU) dairy producers are suffering a prolonged crisis because of the April 2015 elimination of milk quotas; Russia’s food import ban – now extended until December 31, 2017 – and worldwide overproduction, the European Parliament has heard. Moreover, MEPs at a ‘New exceptional market measures limiting milk production’ hearing hosted by the European Parliament’s agriculture and rural development committee in Brussels on May 25 were not convinced the EU’s EUR500 million aid package agreed in September 2015 would give producers the help they need.…

Specialist health and nutritional foods are set to become more important in the European market in future, according to Nestlé executive vice president and head of EMENA zone (Europe, Middle East and North Africa), Luis Cantarell, who singled out foods for the ageing population as a key priority.…

The Russian government has decided to ease its extended embargo on imports of food and agricultural products to Russia from Western countries, according to the Russian ministry of agriculture. 

An official statement said exports from the European Union, USA, Norway, Australia and Canada of poultry meat, frozen beef, plus dried and frozen vegetables used to make baby food in Russia would be allowed into the country.…

Russia’s decision to extend its import ban on a wide range of European Union (EU), US, Canadian, Australian and Norwegian food exports until December 31, 2017 has met with widespread disapproval from the EU meat industry. “Overall I can say we are very disappointed,” EU farm body Copa & Cogeca spokesperson Amanda Cheesley told GlobalMeatNews.…

THE EUROPEAN nonwovens industry has been pushing ahead, maintaining consistent growth above increases in GDP for the whole economy, increasing its international collaboration, and the successfully exploring new markets. And while it is rarely prudent to make anything more than short-term predictions about cost and tariff problems, such difficulties faced by the European nonwovens sector seem have been pushed into the background. …

THE SINGAPORE Stock Exchange (SGX) has started negotiations with London’s Baltic Exchange, which could see Singapore Exchange Ltd obtain full ownership of The Baltic Exchange Ltd, which operates this UK-based international freight derivatives market.

The Baltic Exchange and SGX will now meet with Baltic shareholders and business partners to explain and discuss the offer.…