European Retail Correspondent, Zurich
Emma's Feed
Sep 4, 2013
Aug 29, 2013
Aug 15, 2013
Jul 17, 2013

Testing group SGS may revise 2014 goals after earnings shortfall

ZURICH/GENEVA, July 17 (Reuters) – SGS SA, the
world’s biggest testing and inspection company, has warned it
may fall short of its ambitious growth forecasts because of a
slowdown in key European markets.

“There has been a distinct slowdown in Europe … and that’s
influenced a number of our businesses with a large European
presence,” Chief Executive Chris Kirk told a news conference,
adding the company may have to revisit its 2014 targets.

Jul 8, 2013

Bangladesh tells EU it will boost worker rights, inspections

GENEVA, July 8 (Reuters) – Bangladesh pledged on Monday to
quickly boost worker rights and recruit more factory inspectors
as it seeks to preserve European Union trade benefits after
1,129 workers were killed in the collapse of a garment plant in
April.

The EU, which gives preferential access to Bangladeshi
garments, has threatened punitive measures to press Dhaka to
improve worker safety standards after the collapse of the
illegally built Rana Plaza factory.

Jul 8, 2013

Bangladesh tells EU it will improve worker rights, inspections

GENEVA (Reuters) – Bangladesh pledged on Monday to quickly boost worker rights and recruit more factory inspectors as it seeks to preserve European Union trade benefits after 1,129 workers were killed in the collapse of a garment plant in April.

The EU, which gives preferential access to Bangladeshi garments, has threatened punitive measures to press Dhaka to improve worker safety standards after the collapse of the illegally built Rana Plaza factory.

Jul 7, 2013

Retailers plan Bangladesh factory inspections under safety pact

ZURICH (Reuters) – A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.

The collapse of Rana Plaza, a factory built on swampy ground outside Dhaka, on April 24 ranks among the world’s worst industrial accidents and has galvanized brands to look more closely at their suppliers.

Jul 3, 2013

Switzerland to help banks avoid U.S. tax charges

ZURICH, July 3 (Reuters) – Swiss banks will be allowed to
cooperate with U.S. authorities under a government plan agreed
on Wednesday aimed at saving the industry from criminal charges
of helping Americans evade tax.

U.S. authorities want Swiss banks to pay fines potentially
totalling $10 billion and hand over the names of Americans it
suspects of using secret accounts to evade tax, but strict
secrecy laws stop the banks from complying.

Jun 28, 2013

Switzerland charges man with selling bank’s client data to Germany

ZURICH, June 28 (Reuters) – Swiss prosecutors have charged a
German IT expert with selling client data from private bank
Julius Baer in Zurich to the German tax authorities,
they said on Friday.

The man, who was arrested last July and is charged with
breaching banking laws, industrial espionage and money
laundering, had confessed and would therefore face a shorter
trial. They dropped proceedings against his wife.