From ‘laksa’ to pies, pizza and salt beef sandwiches, Bangsar’s The Spot by Chinoz is simplicity at its very best
Men arrive hauling overstuffed blue plastic bags, from which emerge Gucci baseball hats, Fendi wallets, Hermes belts and bright orange Louis Vuitton shoeboxes, sold from rickety tables at a fraction of the price of their originals.Counterfeits are a global phenomenon, whether fake fashion, toys, electronics, food or pharmaceuticals, estimated by the OECD to represent 2.5 percent of world trade.
While less lucrative than selling drugs, counterfeiting generates cash, helps launder drug money and is relatively low-risk, with jail sentences far below those for more violent crimes. “In Naples, counterfeiting represents a real parallel economic sector,” run by local and foreign mafias, wrote a 2021 government report. It called the city a “centre of excellence” for fakes.
A 2022 police investigation found Naples street market sellers paid the mafia up to €200 weekly to operate their stands, or were forced to buy their merchandise.Counterfeiting’s negative effect on the economy, notably in terms of lost demand, lost jobs and unpaid taxes, is huge.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Xpeng to Launch Mass Market Brand to Compete with BYDChinese premium electric-vehicle (EV) maker Xpeng is planning to launch a mass market brand very soon, with the new entity aimed at taking the fight to market leader BYD. The models under the new brand will be priced between 100,000 yuan (RM65,550) and 150,000 yuan (RM98,320) and cater to more budget-conscious consumers. Xpeng co-founder and CEO He Xiaopeng revealed the plan during the China EV 100 Forum in Beijing, stating that the brand will first introduce a compact EV at a price range of between 100,000 and 150,000 yuan. The model will come equipped with advanced driver assistance systems and will be aimed at global markets.
Source: paultan - 🏆 22. / 51 Read more »
Jeep to return to Malaysia; Leapmotor as affordable EVs and Citroen as mass market brandWith Stellantis Malaysia having commenced operations in the country in March this year, the company has revealed more about its plans for 2024 along with some of the brands from the Stellantis group which it …
Source: paultan - 🏆 22. / 51 Read more »
PropertyGuru: RTS catalyses Johor’s economy, revitalises real estate marketJOHOR BARU, March 26 — The Rapid Transit System (RTS) Link, slated for completion in 2026, is proving to be a catalyst for Johor’s economy by enhancing connectivity with...
Source: malaymail - 🏆 1. / 86 Read more »
It's Time For NVIDIA To Properly Re-Enter The Gaming Handheld MarketIn 2013, NVIDIA introduced the Shield Portable, its first-ever gaming handheld console to be powered by a Tegra 4 SoC. It wasn't widely available to the
Source: LowyatNET - 🏆 13. / 59 Read more »