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BY MARK ROWE
MENTION Albania and money, and the image that comes to mind is of the extraordinary pyramid schemes that gripped the country in the mid-1990s as the country stepped out into a post-Stalinist dawn. Albanians poured their assets into the schemes, with an enthusiasm that was as remarkable as it was misguided.…

BY MARK WILSON
AWASH with recently-passed legislation and newly-established Financial Investigation Units, the small nations of the Caribbean have transformed their money laundering controls since the mid-1990s. In 2000, five Caribbean island jurisdictions made up one-third of the Financial Action Task Force (FATF) list of fifteen non-cooperative countries and territories, each of them with ‘serious systemic problems,’ in the words of a FATF review published on June 22 of that year.…

BY KEITH NUTHALL
THE UNITED Nations has created an international advisory board on water supplies and sanitation, which will try to boost these services in developing countries. It will try and mobilise funds for such projects, also offering technical, political and business advice.…

BY KEITH NUTHALL
A SPECIALIST United States government committee has criticised the USA-Australia free trade agreement. The agricultural technical advisory committee for trade in animal and animal products said the deal failed to remove “unscientific” sanitary regulations restricting US pork and poultry exports, and noted opposition from American cattle producers to widening import quotas for Australian beef.…

BY KEITH NUTHALL
THE EUROPEAN Union (EU) is prolonging its dispute with the United States at the World Trade Organisation (WTO) over Washington’s assessment of benefits enjoyed by privatised steel companies from past public subsidies. Following a protracted WTO dispute, the US was last January (2003) ordered to reform its “change in ownership” methodology, through has justified countervailing duties protecting American steel producers.…

BY PHILIP FINE

AT LEAST no one in today’s America has to contend with Carry Nation. She was the late-19th century Kansas reformer who crusaded against the sale and consumption of alcohol. Known as the original saloon smasher, she would burst into bars and cause as much damage as she could to drinking establishments.…

BY MONICA DOBIE
A CONSORTIUM of seven major power companies is to apply for a license to build a new commercial power plant in the United States. EDF International North America, a subsidiary of Électricité de France, and the Westinghouse Electric Company, a BNFL subsidiary, are participating.…

BY KEITH NUTHALL
A REPORT from European Union (EU) power federation Eurelectric has said that when regulators or governments impose public service obligations under the 2003 electricity directive, utilities “should be granted fair compensation.”

The group adds that such obligations should be organised “in a transparent and non-discriminatory manner”, using “market-based mechanisms.”…

BY KEITH NUTHALL
A EUROPEAN Commission-funded research project is developing an integrated sales, production and storage system for small-and-medium sized timber businesses, which have difficulty serving a number of niche markets simultaneously. The IN-TIME project involves eight companies covering the whole timber supply chain, coordinated by UK software design house MJC2.…

BY KEITH NUTHALL
AN EU-supported research scheme has developed practical guidelines on recycling waste from 19 food production processes. AWARENET worked out technical solutions for recycling its oils, sugars, vitamins, colorants and antioxidants. *http://ica.cordis.lu/search/index.cfm?fuseaction=proj.simpledocument&PJ_RCN=5059864&CFID=58430&CFTOKEN=21966306…