Search Results for: International business

BY KEITH NUTHALL
AN EXPERT commission established by the Council of Europe has made detailed recommendations about how to fight money laundering in three east European countries where criminals have exploited weak state structures to hide their illicit profits: Albania, Georgia and Moldova.…

BY KEITH NUTHALL
A RESIDENCY qualification for directors of companies established in the Alpine Principality of Liechtenstein, set up to help its authorities fight abuse of its liberal business laws, including money laundering, has been declared illegal.

The European Free Trade Area Court has ruled that the regulation discriminates against citizens of other EFTA countries, (Switzerland, Iceland and Norway), breaching fair trade treaty commitments made by Liechtenstein on joining the association.…

BY RICHARD HURST, in Johannesburg
THE CUT, make and trim operation at South Africa’s Mooi River Textiles company is currently under review. German entrepreneur Claas Daun acquired the business from Anglo American a few years ago. A spokesman for Daun’s corporation in South Africa said that the factory, which employs 150 people, had continued to lose money and unfortunately a number of jobs in the area would be affected.…

BY ALAN OSBORN
THE EUROPEAN Court of Justice has ruled that the Netherlands, and by precedent other Member States, has the right to prevent lawyers entering into multi-disciplinary partnerships with accountants, even though it accepts that this may restrict competition in legal services.…

BY MARK ROWE
TOYOTA Motors is considering buying up Inchcape Motors, a Singapore subsidiary of the world’s largest motor agency, Inchcape plc. The deal is dependent on a proposed delisting of Inchcape Motors, which distributes Toyota and Suzuki in the Asian island state.…

BY KEITH NUTHALL
AS acts of international largesse go, the expansion of the European Union eastwards and southwards must rank as being one of the most generous in history. With research estimates claiming that the size of the EU budget will soar to accommodate the needs of the former communist republics, (plus Cyprus and Malta), we are talking Marshall Plan here; billions of Euro’s being transferred from national coffers in western Europe to the east, via Brussels.…

BY MATTHEW BRACE
ONE of the world’s most inhospitable deserts is yielding scores of unknown species that have existed since the time of the dinosaurs.

They have been discovered in the Simpson Desert in central Australia, where summer temperatures reach 50C and where there is no rain for months, sometimes years.…

BY MONICA DOBIE, in Montreal
SCI-FI flicks, the likes of Terminator II and Total Recall, feature futuresque scanning of objects and people to verify if they were porting any dangerous weapons or were lying about what they carrying in suspicious bags; now, this kind of portable and instant inspection has made it from the big screen to current security technology used daily in customs screenings.…

BY MONICA DOBIE, in Montreal
THE INTERNATIONAL Civil Aviation Organisation (ICAO) has endorsed a mandatory global air industry security audit, checking standards in all its 187 member states. The initial cost of the ICAO Aviation Security Plan of Action is US$ 17 million, agreed a High-Level Ministerial Conference held in the organisation’s Montreal headquarters.…

KEITH NUTHALL
A STRING of cases have been launched by the European Commission against Member States of the European Union to try and force them to comply with EU water legislation; under existing rules, failure to abide by the court’s rulings can see national governments being hit with huge daily recurring fines of up to Euro 100,000.…