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The European Commission today cleared the acquisition of the Corialis Group, a European supplier of aluminium extrusion services and aluminium doors and windows, by Advent International Corporation, a US investment firm. A Commission communiqué said the deal “would not raise competition concerns as Advent is not active in any market in which Corialis is active” at present, notably the aluminium sector.…

By the end of next year, the increasingly wealthy 10-member Association of Southeast Asian Nations (ASEAN) bloc aims to establish its own European Union-style common market for its combined population of 600 million.
Experts say that the new ASEAN Economic Community (AEC) is expected to deepen cohesion and liberalisation within a regional market that has already made significant strides in removing trade barriers that can impact tobacco product sales.…

Russia may ban imports of cars from the European Union (EU), the United States and maybe Japan if Brussels and Washington impose additional sanctions because of Moscow’s role in the Ukraine crisis.

An aide to Russia’s President Vladimir Putin told wardsauto that the Russian government would be especially monitoring a meeting of the EU Council of Ministers for foreign affairs on October 20.…

THE EUROPEAN Commission has announced it will pay an additional EUR3 million to the Airport Communication Project (AIRCOP), financing its work to 2016. AIRCOP is run by the UN Office on Drugs and Crime (UNODC), the World Customs Organisation (WCO) and Interpol, and aims to strengthen anti-narcotic detection, interdiction and intelligence capacities in Africa, Latin America and the Caribbean. …

THE NEW team of European commissioners scheduled to take office on November 1, who will impact European Union policy affecting the cosmetics sector, was announced today.
The incoming president of the Commission, Jean-Claude Juncker, nominated Vytenis Andriukaitis, of Lithuania, as EU health commissioner.…

Sourcing trends in fast fashion in Europe and north America are in flux, being affected by the economic downturn, changes in consumer behaviour and growing awareness of industry practices, especially in the wake of the Rana Plaza collapse in Bangladesh last year.…

Taiwan’s main airport, Taiwan Taoyuan International Airport, is to undergo a major expansion, increasing its annual passenger capacity from 32 million to 60 million by 2030. Located halfway between the capital Taipei and the island’s industrial heartland along its western coast, the airport is planned to become the centerpiece of the government’s highly ambitious Taoyuan Aerotropolis project, which with an estimated investment of Taiwan New Dollar TWD600 billion (USD20 billion).…

Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

IN the 1970s and 1980s, the governments of Latin America and the Caribbean did not have a comprehensively robust reputation for sound financial management. Many Caribbean island states had newly emerged from colonialism, finding their way as independent countries. And many Latin American countries were riven by social discord, even civil war, with many under military rule.…

WHEN American personal care product giant Johnson & Johnson opened its shared-services centre in Prague during 2006, it employed 12 people and provided only in-group procure-to-pay services. Currently this Johnson & Johnson finance centre is the largest of the five centres the company operates worldwide in terms of staff numbers as well as the scope of services it provides to internal business partners.…