Search Results for: Switzerland

A NEW collaborative research project could lead to identification and prediction of fraudulent commodities markets trading by using particle physics technology currently deployed in the Large Hadron Collider, the particle accelerator built underneath Switzerland and France, near Geneva. The European Organization for Nuclear Research, known as CERN, has teamed up with the Commodity Risk Management Expertise Center (CORMEC) – joint initiative of the Netherlands’ Wageningen University and the University of Illinois at Urbana-Champaign, as well as Wageningen University operating alone, to use advanced data analytics from particle physics to help protect commodity and financial markets under their ‘HighLo’ project.…

THE EUROPEAN Union (EU) Council of Ministers has called on EU member states and other EU institutions to work harder to fight the scourge of food fraud, which can damage the commercial health of legitimate manufacturers and risk consumer health. In a detailed policy statement (called ‘council conclusions’ in EU jargon), ministers said an EU “legal definition of food fraud” should be created that would underpin future regulatory actions fighting such wrongdoing, which can include deliberate mislabelling and the use of illicit ingredients.…

Wrangling between Chile’s dairy farmers and major dairies and process is over milk prices is threatening to overshadow the opportunities that this Potentially strong industry has to grow, especially in export markets. On a similar latitude to Australia and New Zealand, southern Chile’s Los Lagos and Los Rios regions offer almost ideal conditions for dairy farming, with plentiful rains, lush pastures, and mild winters.…

BEAUTY consumers worldwide are demanding more transparency in manufacturing processes and ingredients, less environmental impact, and simple and clean ingredients. So goes the product, so goes the packaging. The beauty industry is responding with brand packaging and labelling that transmits a marketing message that the beauty product inside may be healthy and full of goodness.…

THE UZBEKISTAN clothing and textile industry is eyeing a major increase in clothing and textile imports as its government liberalises what was until three-years-ago a largely unreformed post-Soviet state. A key goal is swapping raw cotton exports for overseas sales of added value textiles and clothing.…

A series of reports published in recent weeks have highlighted the need for increased collaboration across the shipping industry to develop and share best practice to significantly reduce the sector’s carbon footprint. Between 2000 and 2017, the CO2 emissions associated with the shipping sector grew at an average annual rate of 1.87% between 2000 and 2017, according to a report published in September by the Bonn-based International Renewable Energy Agency (IRENA), ‘Navigating the way to a renewable future: solutions to decarbonise shipping’, resulting in emissions of  677 megatonnes (Mt) of CO2 in 2017.…

INDIA maybe a populous and diverse country with its 1.36 million potential consumers who speak 22 languages, but one company maintains a strong, even dominant, position in India’s fast-growing chocolate market which saw sales of USD1.8 billion in 2018, according to GlobalData – Mondelēz International Inc’s Cadbury brand.…

A free trade deal between Europe and Australia is in the making but European Union (EU) trade negotiators have managed to generate some serious concerns among Australian dairy industry in the process. The EU wants Australia to recognise the exclusive rights of EU cheesemakers to the traditional names of almost 60 different types of cheeses through Australia recognising EU geographical indications (GI) within any agreement.…

Germany’s Federal Ministry for Food and Agriculture (BMEL – Bundesministerium für Ernährung und Landwirtschaft) has summoned its state-level (länder) counterparts for crisis talks following revelations that listeria-infested meat products have killed three people and made another 37 sick. These were made by from Twistetal, Hesse-based Wilke Waldecker Fleisch- und Wurstwaren.…

COMPANIES using offshore tax jurisdictions need to assess whether their strategies can be branded unethical, as well as illegal, causing them reputational as well as financial damage. They need to assess whether the risk is worth taking. Poorna Rodrigo reports.

The series of data dumps, such as the Panama Papers, and the recent Mauritius Leaks have continued to tarnish the reputation of offshore tax havens, but experts stress that properly used, a positive case can be made for offshore tax policies.…