Law & Trade

Rakuten launches anti-piracy alliance with CODA

Rakuten Inc. and the Content Overseas Distribution Association (CODA) announced an agreement early this month to jointly fight copyright violations in products appearing on the Rakuten Ichiba online shopping mall.

Under the agreement, Rakuten Ichiba will purchase the suspected pirated product on sale and CODA will determine if there is any infringement of copyright. If the violation is confirmed, Rakuten will take steps, in accordance with the contract with the merchant, to have the product in question removed from the website.

Study: Retail industry hit hardest by data breaches

The retail industry is the sector hardest hit by data breaches in the second quarter of 2014, a new study released by SafeNet revealed.

Between April and June of this year, the SafeNet Breach Level Index (BLI) showed that there were 237 breaches that compromised more than 175 million customer records of personal and financial information worldwide.

Indian Consumer Affairs Min may frame norms for online shopping

Business Standard

With increase in number of complaints from people buying products online, the Indian Consumer Affairs Ministry is proposing to frame guidelines for protection of consumers' interest in online shopping.

The Department of Consumer Affairs has been receiving a large number of complaints from consumers making online purchases, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

Yum China cuts ties to owner of plant in meat scandal after arrests


Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the centre of a food safety scare that has ensnared several major Western brands.

Shanghai police said on Wednesday the five individuals being held included the head of Shanghai Husi Food Co Ltd as well as its quality manager. "Yum China has decided to immediately terminate all procurement from OSI China," including Shanghai Husi, Yum said in a statement.

India's fake drugs may cross USD10b in 3 years, says report

The fake drugs market in India may cross the USD10 billion mark by 2017 from USD4.25 billion today, a report released by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

LVMH, eBay settle legal battle over fake goods


LVMH and eBay have settled a six-year legal battle in which the online auction site was accused of allowing users to sell knock-off luxury goods.

In a joint statement released on Thursday, the two companies said they had agreed to settle ongoing litigation and put "cooperation measures" in place.

Amazon asks FAA for permission to test drones

The Wall Street Journal Online Inc. formally requested permission from the Federal Aviation Administration to start testing drones, an important step toward the online retail giant's goal to use the devices to deliver packages.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.


Samsung hit by fresh child labour claims in China


Samsung Electronics has been hit by fresh allegations of child workers at a Chinese supplier, a week after the South Korean group assured investors that there was no underage labour involved in making its products.

In the latest of a series of undercover reports on Samsung's and its suppliers' factories, the New York-based group China Labour Watch (CLW) on Thursday claimed to have found evidence of five child workers at Shinyang Electronic, a Samsung supplier in Dongguan, southern China.

Carrefour exit fails to dampen Modi govt's spirits

Business Standard

The exit of multinational retailer Carrefour doesn't seem to have ruffled the Narendra Modi government. A day after the EUR100-billion (USD136.1 billion) French retail chain announced its plan to shut all its India stores, ministers and leaders of the Bharatiya Janata Party (BJP) remained silent on the issue. The leaders' social media (Twitter and Facebook) accounts, a favourite communication tool of the current government, did not mention Carrefour through the day.

China-Switzerland Free Trade Agreement to benefit luxury


The 2014 Sino-Swiss Economic Forum which has recently taken place in Beijing celebrates the Free Trade Agreement (FTA) between the People’s Republic of China and the Swiss Confederation. The Sino-Swiss Economic Forum is jointly organized by the Swiss-Chinese Chamber of Commerce and the Swiss Embassy. Key topics were discussed on the strengths complementing the economic cooperation, i.e. quality, innovation, competitiveness and sustainability.


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