Search Results for: Dominican Republic

BY KEITH NUTHALL
CONSERVATIONISTS have welcomed a controversial United Nations (UN) report identifying wealthy western companies allegedly involved in wartime projects in the Democratic Republic of the Congo (DRC) they say may endanger rare great apes.

It says Barclays Bank, diamonds giant De Beers, British mining corporation Anglo American, Belgian bankers Fortis, South African miners Iscor, and the United Arab Emirates’ Standard Chartered Bank and 79 other companies have broken OECD multinational good behaviour guidelines by their association with mining, logging or road building in the Congo.…

BY DEIRDRE MASON
MOST businesses install computer software because it makes their operation more efficient and so helps them to keep abreast of, or outdo, the competition. However, the growth in national and international regulations affecting the drinks industry has opened up a lucrative business opportunity for companies producing industry-specific computer software.…

BY SWINEETHA DIAS WICKRAMANAYAKA
A SENIOR Sri Lankan government official has warned his country’s construction industry that it faces running out of sand unless it stops over-exploiting river deposits and fails to develop extraction from the seabed offshore.

Janapriya de Silva, Chairman of the island’s Geological Survey and Mines Bureau, has warned: “We could run short of sand in another two years’ time.”…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have formally approved the creation of an EU Solidarity Fund, helping Member States deal quickly with the effects of natural and man-made disasters; its funds will be mobilised immediately to assist regions affected by the floods of August and September 2002, which should help reduce the burden that has to be met by insurance companies.…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have formally approved the creation of an EU Solidarity Fund, helping Member States deal quickly with the effects of natural and man-made disasters; its funds will be mobilised immediately to assist regions affected by the floods of August and September 2002.…

BY RICHARD HURST
MONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent’s most developed economy, South Africa.

Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources.…

KEITH NUTHALL
THE INTERNATIONAL Road Transport Union (IRU) has called on the European Union (EU) to take precautions in preparation for the admission of new Member States from the east, to make sure the EU road haulage market is not flooded with cut-priced cowboy hauliers from these former communist countries.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is lending Euro 55 million to the (Greek) Republic of Cyprus to fund improvements to the efficiency, safety and capacity of air traffic control services in the Nicosia Flight Information Region.

Its loan will pay for buildings and equipment at the new Area Control Centre, Nicosia, replacing long-range primary and secondary surveillance radar, at Konia, and also replacing Larnaca’s instrument landing system.…

BY KEITH NUTHALL
FINANCIAL restrictions should be imposed on companies, businessmen, ministers and soldiers charged with involvement in the shameless plundering of the mineral resources of the Democratic Republic of the Congo (DRC), a United Nations (UN) committee established to investigate the problem has concluded.…

BY KEITH NUTHALL
THE EUROPEAN Agency for Reconstruction is spending Euro 50 million on rehabilitating the A3 block of Serbia’s Nikola Tesla A power station, the largest in the country. This project will involve 350 people working over the next eight months, and is the largest EU-funded initiative so far to improve the Yugoslav republic’s energy sector.…