Search Results for: Switzerland

With consumers becoming more aware of the environmental impact and social implications of the fashion and textile industries, Italian luxury textile manufacturer Canepa is addressing these issues in practical ways. Canepa, for instance, became a signed supporter of the Greenpeace Detox Campaign in September 2013.…

EASTERN and central Europen markets for biocosmetics are a key growth area for personal care product companies, with some markets growing and others relatively untapped.

The region’s largest country, Poland (38 million people) is witnessing sales of bio-cosmetics surging at rates of 10% to 30% annually, according to producers and distributors.…

FOR years, Switzerland’s success as a global financial center has rested upon the rock-solid foundation of banking secrecy, a guarantee of discretion as solid at the Matterhorn.  The Swiss proudly declared banking secrecy to be part of the country’s DNA, a practice formally established in the 1930s when Nazi Germany was on the rise and which helped shield individuals against abusive states. …

THE EUROPEAN Commission has claimed that the European Union (EU) has made significant progress in fighting tax evasion since releasing an action plan on the subject last December. In a progress report, Brussels noted that it had secured agreement in June on establishing an EU quick reaction mechanism and reverse charge system enabling member states to more swiftly respond to large-scale VAT fraud.…

THOSE who have spent some time walking Chinese supermarket aisles in the past decade will have noticed astonishing changes in the local diet. Increased sales of dairy products and meat are driving demand for soy as an animal feed ingredient, and demand for higher-end consumer products such as ice cream, and confectionery are increasing palm oil requirements.…

A SWITZERLAND and Greece-based pharmaceutical company Sellas Life Sciences has signed a Euro EUR388 million investment deal with China’s Fochon Pharma for developing and selling two novel molecules for treating type II diabetes and lung cancer. Under the deal, Sellas will acquire the worldwide rights, outside China, to sell the resulting medicines, having organised and funded the clinical trials, some in Greece.…

ALTHOUGH Colombia’s pharmaceutical sector has enjoyed growth over the past few years, new price controls could disrupt the sector’s expansion if they are poorly planned, industry representatives claim.

Their concerns focus on the reaction to maximum price controls on medication recently approved by the government.…

THE EUROPEAN Commission is attempting to move the legal boundary where tax avoidance becomes tax evasion, criminalising some aggressive tax planning that has caused controversy across Europe. The move is one a number of recent practical tax and anti-fraud law reforms that Brussels has been pushing to help tax authorities in the European Union (EU) collect reasonable levels of revenue.…

The ongoing investigation into Swedish telecoms group TeliaSonera’s involvement in suspected money laundering (ML) and bribery in Uzbekistan has prompted a fresh push by government to introduce tougher reporting rules for a broader range of ML offences in 2014.

Significantly, the new measures will give law enforcement agencies greater powers of arrest and asset seizures where money laundering is suspected.…

KNITWEAR manufacturing is a complex as well as international business, so the development of detailed global, regional and national standards covering its production processes can be immensely helpful. They act as a transparent blueprint for good practice, having been developed by industry, regulatory and academic experts.…