Search Results for: Switzerland

Switzerland’s Bundesamt für Landwirtschaft (BLW – the federal office for agriculture) has turned down requests from European Union (EU) fruit, vegetable and dairy product associations to export products to Russia through Switzerland to bypass Russia’s trade embargo on EU goods. Under present rules, EU food products would have to be registered in Switzerland and this is “quite a long process,” said Jürg Jordi, a BLW spokesman.…

EDITOR’s NOTE: Proceedings area active and Contempt of Court applies. This version is safe.

A JUDICIAL hearing is scheduled for September 9 in London after the United Kingdom’s Serious Fraud Office (SFO) charged the UK subsidiary of French engineering group Alstom with fraud and conspiracy to corrupt.…

IN the search for ways to extract energy from a reliable and efficient source to power heat pumps, the water lapping the shores of our continents is increasingly being viewed as a key resource. “Sea water, like any water, has the ability to retain heat for a long period of time.…

AFTER upgrading its laws against money laundering, Bangladesh has earned praise from anti-money laundering (AML) watchdogs however implementing this legislation remains an uphill challenge. Satisfied with the progress Bangladesh made toward plugging “strategic deficiencies” in its AML and combating the financing of terrorism (CFT) regime, the Financial Action Task Force (FATF) removed the country from its special watchlist.…

Caribbean jurisdictions may be increasingly signing up to the requirements of America’s Foreign Account Tax Compliance Act (FATCA) but there is no great enthusiasm about it. Indeed, some bankers fear it could lead to a sharp fall in the region’s charms for investors.…

European Union (EU) meat production is projected to start growing in 2014, according to the European Commission, as Europe’s economic recovery solidifies. This could be up 0.7% year-on-year for beef, veal, pigmeat, poultry, sheep and goat meat. However, exports might fall for pigmeat and poultry, with Russian import bans especially causing problems for pigmeat.…

NASDAQ-listed pharmaceutical project manager and equipment supplier manager Foster Wheeler has become the subject of a takeover bid by British consultancy and engineering firm AMEC plc, the European Commission has said. Announcing that it would assess the potential deal for competition problems, the Commission said the offer involved a “public tender offer, the consideration for which is a combination of cash and AMEC securities.”…

THE EUROPEAN Commission has used the momentum created by Europe’s financial crisis to push through legislation on taxation issues that have been politically unpalatable during times of prosperity and growth. But it has not brought European Union (EU) countries’ tax systems closer together through overall harmonisation, to the chagrin of small- and medium-sized enterprises (SMEs), which still struggle with different systems across EU member states.…

A SINGLE global standard for automatic information exchange (AIE) between tax authorities worldwide is in the final stages of preparation by the Organisation for Economic Cooperation & Development (OECD). G20 finance ministers will consider it in September before sanctioning its implementation.…

The value of European Union (EU) exports of spirits and liqueurs dropped 1.6% in value last year after being the fastest-growing product group in 2012, according to the European Commission’s ‘Agricultural trade in 2013: EU Gains in Commodity Exports’ report. Whisky exports in particular dropped steeply – by EUR131 million.…