Ethics, compliance and consumer goods

Coca-Cola bought Costa Coffee for $ 5.1 billion, Nestle acquired the rights to sell Starbucks products outside its network for $ 7 billion, and the unicorn Luckin Coffee grew up in China with a capitalization above $ 2 billion. All this happened in one year.   The passing year was rich in events for the… » read more

Posted by David Hall

The largest association of German manufacturers, BDI, has criticized conditions for foreign companies to enter the Chinese market. They turned to the authorities of Germany and the EU leadership with proposals for coordinating policies regarding the PRC. Following the administration of Donald Trump, members of the German Association are complaining about China’s non-market practices and… » read more

Posted by David Hall

Newspapers like to proclaim that the cashless society is just around the corner. Yet, we keep cash in our wallets, and paper money is still an integrated part of our life. The products of banknote printers are important to everyone, but bills are not another consumer commodity. Their production must meet strict specifications and it… » read more

Posted by David Hall

Privatization of an operator of the Greek gas transmission system DESFA has been completed: the HRADF State Property Management Fund of Greece transferred 66% of the shares of the GTS operator DESFA to the consortium SENFLUGA Energy Infrastructure Holdings S.A. for 535 million euro, the fund said.   “This was a successful completion of another… » read more

Posted by David Hall

Automatic teller machine vandalism and robbery represents a serious maintenance cost for banks and fuels the crime world. Gangs have specialized in the dismantling and harvesting of those pavement safes. Solutions developed by French engineering firm Oberthur Cash Protection may render the entire sport pointless. It wasn’t long, after Barclays installed the first ATM in… » read more

Posted by David Hall

A seemingly insignificant debate is going on in the European Union, which will soon reveal its true magnitude if Brussels isn’t careful. A new regulation is being drafted, with a possible dramatic lowering of the cadmium levels admitted in phosphate-based fertilizers. The commission, lobbied by Russia, wants 20 mg per kilo, and Parliament barely voted… » read more

Posted by David Hall

The imposition of fines relate to violating emission and import rules. On Thursday, South Korea’s environmental ministry disclosed that it would be imposing a combined fine of $63.1 million (70.3 billion won) on Mercedes-Benz, BMW AG and Porsche for violations of its emission rules. Further, the environmental ministry also told the country’s customs agency to… » read more

Posted by David Hall

    Accusations of attempts to engineer a change of power in the neighboring gulf state of Qatar have bene levelled against Saudi Arabia. A group of fellow Gulf Cooperation Council countries, including Saudi Arabia had imposed a four-month economic embargo on Qatar. The accusations against Qatar had included supporting terrorism and allying with Iran.… » read more

Posted by David Hall

After years of almost unimpeded rise, wood’s reputation is coming under fire, as increasing numbers of experts are questioning the overall carbon footprint of wood and timber. In February of 2017, the Times published an article about the Drax power plant, in North Yorkshire, and its financial modus operandi. “Britain is more reliant on biomass,… » read more

Posted by David Hall

With its ruling on the “Right to be Forgotten” the European Court of Justice has delivered a monumental judgement of historical importance not only but in scope its reach as well. Two Europeans courts have pronounced their judgement which could potentially have disastrous consequences for American corporates as well as US citizens. The European Court… » read more

Posted by David Hall