International news agency

Category: Featured

MULTIPLE TRADE DEALS ALWAYS LIMIT GOVERNMENT POLICY FREEDOMS – A POLITICAL TRUTH UNDERMINING BREXITEER ‘CONTROL’ GOALS

BY KEITH NUTHALL

BRITAIN is about to embark on a withdrawal from the European Union (EU) that could leave its government with much less control over many policies and laws than at present because the policy’s promoters – dubbed Brexiteers – may have ignored a major contradiction in future trade policy.

Read more

UK BENEFICIAL OWNERSHIP VOTE ALARMS OVERSEAS TERRITORIES

BY KEITH NUTHALL and MELISSA WILLIAMS-SAMBRANO, in Port of Spain, Trinidad

 

A VOTE by the UK parliament to insist that Britain’s overseas territories introduce publicly available beneficial ownership registers by December 31, 2020, has sparked anger and dismay within these autonomous, mainly small island, jurisdictions.

Read more

MAJOR INDIAN FOOD ASSOCIATIONS OPPOSE PLANNED SINGLE USE PLASTICS BAN

BY MINI PANT ZACHARIAH, in Mumbai

MAJOR Indian food industry associations have attacked the Indian government plan to ban single use plastics across India by 2022.

Read more

DUBAI SHOW SEES LAUNCH OF SMART SOFTWARE PLATFORMS TO BOOST AIRPORT SECURITY

BY HEBA HASHEM, in Dubai Honeywell has introduced new smart solutions during the Dubai Airport Show that are designed to make life easier for every day airport operation.  US-based Honeywell launched a smart software suite, NAVITAS, designed to help improve the safety and efficiency of airside operations by increasing connectivity through Internet of Things technology.

Read more

EUROFER WARNS OVER JOB LOSSES RELATED TO USA METAL DUTIES

BY LIZ NEWMARK, in Brussels 

EUROPEAN steel association EUROFER’s communications director Charles De Lusignan told Metal Bulletin on March 13 that the impact of the USA’s steel and aluminium duties through a loss of US exports, combined with a surge of EU imports, could force EU steel producers to reduce production by more than 10 million tonnes.

Read more

Lebanese Banks Are Battling It On In A Difficult Environment

By Paul Cochrane in Beirut

Lebanon’s banks are at the frontline, both literally – the country borders war-ravaged Syria north and east – and as they negotiate to preserve or recover correspondent relationships in a de-risking environment.

Read more

Automakers tell Britain auto jobs could be lost if the UK leaves the EU

By Sara Lewis, in Brussels   With a June 23 date set for Britain to hold an in-out referendum on UK membership of the European Union (EU), the European car industry has made it clear it wants British voters to keep their country within the 28-member state bloc.

Four top automaker executives have rejected Brexit (British exit from the EU) by adding their names to a letter from business leaders to the London-based The Times newspaper, flagging up the EU’s benefits.

 

Read more
Lebanon’s car sector

Lebanon's car sector: the downward shift

By Paul Cochrane, in Beirut 

Going by overall figures of new cars sold, the automotive sector is doing surprisingly well in the current economic environment, up 4.33 percent in the first eight months of the year on 2012, and in comparative terms, above the GDP forecast of 1.6 percent for 2013. Furthermore, the figures are up on last year’s August results, which grew by 7.6 percent on 2011, and the 2.1 percent growth reported in the same period in 2010. But the sector is far from being in good health and bucking the downward trend in much of the rest of the economy.

Read more
ERBD mulls load to Ukraine graphite electrode maker

EBRD mulls loan to Ukraine graphite electrode maker

By Keith Nuthall, in Ottawa 

 

The European Bank for Reconstruction & Development (EBRD) is planning to lend USD26 million to a Ukrainian manufacturer of graphite electrodes for electric steel and electric-arc furnaces – Ukrgrafit. A memorandum from the bank said that the loan would fund reconstructing and modernising its manufacturing facilities and introducing energy efficient technologies. Ukrgrafit is the only Ukraine manufacturer of graphite electrodes for electric steel, electric-arc furnaces and other uses in the steel, aluminium, magnesium and titanium industries, noted the EBRD.

Read more
Singapore accountants look for opportunity in economic adversity

Singapore accountants look for opportunity in economic adversity

By Heather Tan, in Singapore

The wealthy city state of Singapore seems to have glided through the global financial crisis, but the country only narrowly avoided recession and this slowdown has affected its important accounting sector. GDP growth in Singapore grew in 2012 was projected to be 1.2%, down from 4.9% the previous year.

Lee Kin Wai, assistant professor of accounting at Singapore’s Nanyang Technological University business school explained to Accounting & Business magazine that economic uncertainty makes companies reluctant to share as much data as they might in more stable times.

 

Read more