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Global Processing e-News

Iran to offer incentives to foreign investors

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Iran seems determined to open up to foreign investors, in the hope of attracting international businesses that would inject fresh capital into Iranian industry.
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More than 500,000 Britons suffer food poisoning each year

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According to figures, campylobacter is still the most common cause of food poisoning, accounting for about 280,000 cases per year.
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Energy companies underestimate cyber security risks

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Global oil companies and infrastructure operators are not sufficiently prepared to deal with cyber security threats, according to a recent analysis.
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Canadian doctors prescribe drugs off label, putting patients at risk

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An investigation by the Toronto Star suggests that a drug product prescribed to pregnant women for morning sickness may be linked to birth defects.


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PPG Industries to take over Mexican coatings manufacturer

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U.S. chemicals maker PPG Industries Inc. announced it has reached an agreement to take over Mexican architectural and industrial coatings firm Consorcio Comex for $2.3 billion.
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BASF to sell stake in joint venture to Ineos

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Swiss-based multinational chemical company Ineos is to buy out BASF's 50-percent stake in Styrolution -- the joint venture formed by the two companies in 2011.
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One in four big cities globally faces water stress

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Tokyo, Delhi, Mexico City, Shanghai, Beijing, Los Angeles, Rio de Janeiro and Moscow are among the cities that face the biggest water stress.
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Explosion at Quebec chemical plant injures one

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An explosion at a chemical plant in Becancour, Quebec, caused injuries to one person but is not expected to result in any environmental damage.
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Canadian study deems BPA in food packaging safe for pregnant women

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Exposure to Bisphenol A (BPA) in food packaging in doses the general population is likely to experience on a daily basis is not expected to pose any health risks, even to newborns and young children.
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Wal-Mart to spend more than $48 million on food safety in China

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Supermarket chain Wal-Mart has pledged to increase its investments in China's food safety threefold, following the scandal in which fox meat was sold as donkey meat in the Asian country.
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