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EUROPEAN Union (EU) and Mercosur negotiators went into crucial trade talks in Uruguayan capital Montevideo September 10-14, cheered on by automakers on both sides who want a deal, even though there are tough technical issues to resolve. The round is another bid to smash the deadlock over a future trade pact between the EU and the four founding Mercosur nations – Argentina, Brazil, Paraguay and Uruguay. …

THE CHINESE government is poised to directly target the American non-ferrous metals and ore sector in the tit-for-tat trade wars launched by US President Donald Trump. Beijing has highlighted metals and ores in a list of products that maybe subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…

SUB-SAHARAN Africa may not have been the most fertile ground for technological innovation in the clothing, textile and fibre sectors but speakers at an International Textile Manufacturers Federation (ITMF) conference in Nairobi, Kenya, September 7-9, stressed the best way ahead.…

Taiwan has become the top importer of Japanese beef, less than one year since lifting a ban on the product. The 16-year ban was put in place following outbreaks of bovine spongiform encephalopathy (BSE) or mad cow disease in Japan in 2001 but was lifted in September 2017.…

THE EUROPEAN Commission has attempted to heal a long-standing dispute with the United States by requesting authorisation from European Union (EU) ministers to open negotiations on the redistribution of quotas for hormone-free beef imported in European countries. Speaking to GlobalMeatNews, the secretary general of the European Livestock and Meat Trades Union (UECBV), Jean-Luc Mériaux said he supports the tasks and forging “a consensus aiming at consolidating trade flows”.…

WITH the old certainties that the world would move steadily towards ever freer trade now crumbling, the technical textile sector is closely monitoring shifts in trade policy by key governments and international organisations.

This industry depends on the free flow of materials and finished goods – and unlike many textile segments – still has a significant manufacturing presence in mature markets, making the impact of trade policy changes complex and hard to predict.…

The United States Securities & Exchange Commission (SEC) has awarded a combined USD54 million to two whistleblowers “whose critical information and continued assistance helped the agency bring an important enforcement action.”  

One received a USD39 million payout – the second biggest award ever under the SEC whistleblower program, the other received USD15 million for information on the same case. …

BRAZILIAN state energy giant Petróleo Brasileiro SA (Petrobras) has settled bribery charges with USA and Brazilian law enforcement agencies, agreeing to pay an eye watering USD1.78 billion to resolve outstanding accusations.

However, USD933.4 million of this will be credited by the USA’s Securities & Exchange Commission (SEC) to Petrobras, taking into account money disgorged under a previous settlement of a securities class action lawsuit in the United States.…

ALL plastic bottle caps and lids put on the European Union (EU) market must contain at least 25% recycled content by 2025, Belgian Liberal MEP Frédérique Ries, has proposed as lead negotiator, for the European Parliament’s environment committee, on the European Commission’s controversial single-use plastics (SUP) proposal.…

AUSTRALIA and New Zealand might be saturated markets for the cosmetic and toiletry retailing industry but the consumers’ willingness to buy a variety of complex formulated and premium green products is continually expanding revenue. Millennial consumers especially are contributing to rising demand for independent and green brands.…