Search Results for: International business

BY KEITH NUTHALL
THE INTERNATIONAL Maritime Organisation (IMO) will in October vote on extending its Suppression of Unlawful Acts (SUA) Convention to increase the power of governments to take action against ships suspected of being involved in terrorism. Two draft protocols under consideration would substantially increase the number of offences giving governments the right to board and seize merchant ships with a flag state’s agreement.…

BY KEITH NUTHALL
THE ORGANISATION for Economic Cooperation and Development (OECD) has released guidelines for running insurance companies with a minimum of graft and fraud, following recent scandals, such as that involving the American International Group (AIG). These embarrassments, said the OECD, have revealed “huge financial irregularities and highlighted the need for the insurance industry and its watchdogs to improve governance standards”.…

BY MATTHEW BRACE
BUSINESS has not been simple of late for China’s paint and coatings industry because of the country’s massive economic growth and foreign infiltration, according to Asiacoat.com, the website of the National Paint and Coatings Industry Information Centre. The country produced 1.8 million tonnes of paint for the whole of 2004, and 1.1 million tonnes of architectural coatings, said the Centre in recently released figures.…

BY KEITH NUTHALL
THE EUROPEAN Commission has approved the sale of joint control of Netherlands-based confectionary producer Leaf International BV to Nordic Capital Fund of Jersey by international investment group CVC European Equity Partners.…

BY ALAN OSBORN
WHILE the consumption of paint, ink and colourings in Belgium is, like that in most other European countries, best described as “stable”, the country’s production industry is eying opportunities to relocate in cheaper regions, such as eastern Europe.…

BY MATTHEW BRACE
CHINA’S massive economic growth and foreign infiltration is posing significant challenges for China’s paint and coatings industry according to Asiacoat.com, the website of the National Paint and Coatings Industry Information Centre. The country produced 1.64 million tonnes of paint and coatings for the whole of 2003, on average 22%, up from 2002 year-on-year.…

BY KEITH NUTHALL
A REPRESENTATIVE of the largest political group on the European Parliament (EP) has proposed that the cosmetics industry should be exempted from the European Union’s (EU) proposed REACH chemical control system. German MEP Hartmut Nassauer, a member of the EP’s European People’s Party/European Democrats group, has said including cosmetics could create conflicts with existing EU cosmetics legislation.…

BY KEITH NUTHALL
SHIPOWNERS and their insurers must ensure from today (Thur – 19 May) that their vessels abide by new international rules controlling harmful maritime pollution.

The International Maritime Organisation’s (IMO) ‘regulations for the prevention of air pollution from ships’ are came into force at Midnight.…

BY KEITH NUTHALL
DISCUSSIONS between the European Union (EU) and the United States on the mutual recognition of insurance of commercial risks in both jurisdictions will start “in the near future”, a European Commission policy paper has claimed. ‘A stronger EU-US Partnership and a more open market for the 21st century’ also notes optimism that “solutions to remove collateral requirements for EU reinsurers doing business in the US should be found” by Brussels and Washington working together.…

BY KEITH NUTHALL
THE EUROPEAN Commission has launched another initiative aimed at increasing transparency and openness in European Union (EU) business dealings: a public consultation exercise on shareholders’ rights. Brussels wants accounting and auditing experts to comment on easing their monitoring of stock lending agreements and the status of depository receipt holders.…