Search Results for: International business

BY KEITH NUTHALL
EURO area banks using the EU single currency are still facing higher than average risks from defaults and business collapses, but the increasingly sophisticated methods being used by their executives to manage exposure to risk is standing them in good stead for the future, the European Central Bank has said.…

BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the acquisition of Siemens “ceramics” business unit by US investment firm Kohlberg Kravis & Roberts. The takeover deal involves the purchase of seven Siemens businesses, companies or subsidiaries.

Brussels concluded that there were no serious competition concerns as KKR has little presence in the markets concerned.…

BY KEITH NUTHALL
GERMAN insurance group Gerling is providing financial and managerial support to a ground-breaking environmental initiative in the hope that it will be copied and that the company will be asked to underwrite similar initiatives because of its expertise.…

BY MATTHEW WELLS
A NEW survey of business leaders in the United States carried out by the security professionals’ organisation ASIS International, PricewaterhouseCoopers, and the US Chamber of Commerce has indicated that around US$59 billion dollars-worth of intellectual property and information were stolen in America over the year to last June.…

BY KEITH NUTHALL
A GLOBAL questionnaire on container transport insurance has been launched by the United Nations Commission on International Trade Law, (UNCITRAL), which wants to kick start efforts to create a UN convention on liability for multi-modal transportation.

The UN agency has pointed out that despite the huge growth in container movements, (from zero in 1965 to 225.3 million in 2000), there is still no global set of rules governing responsibility for cargo carried by combined transport operations involving ships, rail and roads.…

BY KEITH NUTHALL
THE EUROPEAN Commission has published a list of exported American meat products that could be saddled with protective duties of up to 100 per cent, because of a World Trade Organisation ruling allowing Brussels to retaliate against the US’s use of foreign trade corporations to give its exporters illegal tax breaks.…

Keith Nuthall
WEARABLE technology and customised clothing for health-care, sports, quality-of-life and entertainment needs is to be displayed at a European Commission-funded conference in Brussels, on October 15. “The EU apparel business goes high-tech” will educate businesses how to use information society technologies to boost productivity and competitiveness, and added-value, such as 3-D body scanning, “virtual” trying on of clothes, mass customisation, multi-functional clothing and on-line retailing.…

BY SWINEETHA DIAS WICKRAMANAYAKA
A DEAL over financing the construction of a proposed Bangalore international airport in southern India has been delayed beyond its original September deadline. A Siemens-led consortium has yet to sign a concession agreement and is waiting for amendments to Indian aviation legislation to pass through the national parliament.…

BY KEITH NUTHALL
A GLOBAL questionnaire on container transport insurance has been launched by the United Nations Commission on International Trade Law, (UNCITRAL), which wants to kick start efforts to create a UN convention on liability for multi-modal transportation.

The UN agency has pointed out that despite the huge growth in container movements, (from zero in 1965 to 225.3 million in 2000), there is still no global set of rules governing responsibility for cargo carried by combined transport operations involving ships, rail and roads.…

Keith Nuthall
THE ACQUISITION of PricewaterhouseCoopers’s consulting business by IBM has received regulatory clearance in Europe, with the European Commission concluding that the merged operation will face sufficient competition in Europe to allow consumers a continued wide choice of consultants. The IT giant’s purchase of PwC Consulting will expand IBM’s IT services delivery portfolio with additional strategy, consulting, business process and industry expertise, concluded Brussels, after an investigation.…