Search Results for: International business

BY KEITH NUTHALL
HALF-HEARTED efforts by European Union Member States to impose controls on shabby shipping have been blamed for the disastrous sinking of the ill-named Prestige oil tanker, off Galicia, Spain. Placing on record their disgust at the environmental tragedy, the Council of Europe’s environment committee deplored “the negligence of governments and their lack of any real determination to provide themselves with the means of preventing such disasters – or at least minimising their impact.”…

BY ALAN OSBORN
Significant economic gains, including a better deal for insurance companies and other long-term institutional investors, will follow from the creation of a single EU market in financial services according to a research study made for the European Commission by London Economics, in association with PricewaterhouseCoopers and Oxford Economic Forecasting, published today (Tuesday).…

BY KEITH NUTHALL
IMAGINATIVE fraudsters have issued a fake insurance policy in the name of the International Chamber of Commerce (ICC), which claims to protect businesses against losses caused by an earlier false ICC insurance guarantee. ICC officials this summer warned businesses against accepting deals underwritten by a counterfeit ICC “4081 Letter of Insurance Guarantee.”…

BY MATTHEW WELLS
A UNITED Nations (UN) envoy is urging the Saudi Arabian government to speed up an unprecedented, yet tentative, judicial reform process.

Speaking after a week-long mission to the country, the UN’s Special Rapporteur on the independence of judges and lawyers, Dato Param Cumaraswamy, said the kingdom’s legal system was improving following the introduction of a new criminal procedure code in May.…

Keith Nuthall
THE EUROPEAN Commission has launched a state aid inquiry into the planned reform of Gibraltar’s company taxation laws. It entails the abolition of company profits taxation, replacing it with a payroll tax, (Pounds 3,000 per employee), and a business property occupation tax.…

BY MARK ROWE
TONGA’S venture into the world of shipping registries appears to have ended in the farce that many industry experts long predicted. The registry was closed earlier this year in the face of international criticism but Tonga now believes it has lost the money it made during the registry’s controversial two-year period.…

BY SWINEETHA DIAS WICKRAMANAYAKA
A TAIWANESE flower producer seeking permission to grow orchids on 112,000 hectares of land to the north of Bangkok has been told by the Thai government that it will have to find a majority Thailand business partner to proceed.…

BY KEITH NUTHALL AND MONICA DOBIE
THE EUROPEAN Commission is to tighten rules on ballast management for international shipping to prevent the transport and release of alien species that can deplete the stocks of native species through natural competition.

In a broad strategy to boost the marine environment, Brussels warned that Baltic fisheries were particularly vulnerable to the introduction of alien species, given the sea’s low natural biodiversity.…

BY KEITH NUTHALL
IMAGINATIVE fraudsters have stolen a march on the International Chamber of Commerce (ICC) by issuing a fake insurance policy in its name, which claims to protect businesses against the effect of an earlier false ICC insurance guarantee that the global business group unmasked this summer.…

BY KEITH NUTHALL
COMPETITION clearance has been granted by the European Commission to the planned deal involving Finnish paper manufacturer UPM-Kymmene Corporation acquiring Morgan Adhesives, a United States-based company making adhesive labels for manufacturers. Brussels concluded after an inquiry that the takeover would not damage competition in the European Union (EU) as US-based Avery Dennison would remain the market leader in Europe.…