Search Results for: Turkey

Arab Gulf governments are repeatedly accused of aiding terrorist financing on and, more often, off the record. Calls to get tough on these states have been sidelined by political and economic expediency, while Gulf moves to curb terrorist financing have been lacklustre and there may be risks ahead, reports Paul Cochrane, in Beirut.…

THE NORTH American Meat Institute has called on the new US administration of President Donald Trump to work hard to negotiate new bilateral trade deal with Asian markets now he has formally pulled American out of the Trans-Pacific Partnership (TPP) trade deal.…

AFTER culling more than 500,000 chickens in late November and early December 2016 due to a bird flu outbreak, poultry farmers in Japan have been encouraged by Japanese consumers’ loyalty to a long-held Christmas tradition: eating fried chicken. Data released by Kentucky Fried Chicken (KFC), which has strong market share in Japan, has shown that sales continued to rise this past festive season, with the firm achieving 7.9% sales growth over December 23–25 year-on-year, with sales of Japanese Yen JPY5.92 billion (USD51.4 million).…

MORE than two thirds of countries rated for public sector corruption in Transparency International’s latest Corruption Perceptions Index (CPI) failed to score 50, the halfway point between 0 and 100, with zero regarded as totally corrupt and 100 as unimpeachably clean.…

NORTH Africa has never been a particular easy place to do business, but female and male consumers are prepared to spend on personal care products, and profits are there for the taking for companies that take time to understand these vibrant and often contrasting markets.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

THE HEAD of the European Union’s anti-fraud office (OLAF) has advised personal care product brand owners to work closely with customs authorities to help beat the counterfeit trade. OLAF director-general, Giovanni Kessler spoke out at a joint OLAF press conference in Brussels with the Belgian Customs and Excise Administration to highlight how their cooperation had brought down a fake perfume and cigarette smuggling ring.…

AS part of its continued efforts to shore up the country’s faltering economy, still reeling from the fallout of the attempted coup during July, the Turkish government has announced a programme of so-called “super incentives”, with the textile manufacturing sector being one of the beneficiaries.…

A new high tech clothing factory has been opened in the city of Pohar, in southwest Russia by the regional government of Bryansk, which will boost demand for technical textiles worldwide, potentially boosting Russia’s hard-pressed textile sector.

The Bryansk oblast operates the plant – which started operations in October – through an afflicted company in which it shares control with private investors.…

THE ORGANISATION for Economic Co-operation and Development (OECD) has urged Malaysia to reverse a trend of 15 years of low labour productivity by improving education and labour skills – helping the country meet its government goal of becoming a developed nation by 2020.…