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.
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.
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.
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.
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.
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.
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.
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.
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.
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.