European union

Ikea previously banned the use of phthalates—a broad group of chemicals used to manufacture plastic—in products that come into contact with food. Exposure to some phthalates has been linked to fertility and reproductive issues in animals and to neurodevelopmental problems such as attention deficit and lower IQ in human children. … [Read more...] about Ikea recalls its plastic TROLIGTVIS travel mug in most markets

During the third quarter, the company filed two abbreviated new drug applications (ANDA) with the US Food and Drug Administration (USFDA) and received 22 ANDA approvals from the USFDA. On a cumulative basis, the company received 351 approvals from the USFDA, including 38 tentative approvals. … [Read more...] about Aurobindo posts Rs 595 crore net profit in Q3 helped by improved US, Europe sales

"First, this mandatory insurance that was brought into play in September 2018, should be rolled back. Second, imposing anti-lock braking system (ABS) on 150 CC or 200 CC scooters or motorcycles was complete overkill and I would urge the government to consider recalibrating this to at least for 250 CC plus two-wheelers. Third, at a time when goods and services tax (GST) for electric vehicles (EVs) has been correctly lowered to 5 percent, we should consider lowering GST for petrol or diesel vehicles from 28 to 18 percent." … [Read more...] about Rajiv Bajaj’s Budget 2020 wishlist: Rollback of mandatory insurance, lower GST on petrol, diesel vehicles

Meanwhile, the sharp push seen in Dollar Index in mid-June against major currency peers is a point of concern. Potential for this to extend is very much possible, given ECB’s dovish forward guidance, prompting traders to rule out a rate hike for the near term. … [Read more...] about The real culprit for fall in rupee is oil! Re headed for 70, and beyond

Fraser, who began her career at Goldman Sachs and joined Citi in 2004, says financial services are at risk of letting themselves fade into the role of “dumb pipes,” doing the difficult but unglamorous work of negotiating with regulators and anti-money-laundering compliance while large tech platforms use their brand identities to build up their bona fides and become the effective face of the financial world. Paying for dinner with a sleek new Apple Card, for example, can feel substantially more pleasant to consumers who have a positive association with the company that makes their iPhones. Meanwhile, you won’t find many banks on a typical list of the most beloved brands. … [Read more...] about Big banks vs. Big Tech: Citi’s president on the existential threat facing finance