Search Results for: International business

BY PHILIP FINE

US President George W. Bush has signed a bill to shield insurance companies from having to foot the entire bill of large-scale terrorist activities in the USA. For the next three years, the Terrorism Insurance Act of 2002 will require the federal government to cover potential damages for up to US$90 billion (£57 billion) annually.…

BY PHILIP FINE AND KEITH NUTHALL

THE US government has unveiled plans to push for freer trade in footwear at the World Trade Organisation’s Doha Development Round of trade negotiations. The Bush administration has announced that it would like to see an end to non-rubber footwear tariff and non-tariff barriers worldwide within 10 years.…

BY PHILIP FINE AND KEITH NUTHALL

THE US government has unveiled plans to push for freer trade in footwear at the World Trade Organisation’s Doha Development Round of trade negotiations. The Bush administration has announced that it would like to see an end to non-rubber footwear tariff and non-tariff barriers worldwide within 10 years.…

BY PHILIP FINE

FOUR members of America’s Union of Needletrades, Industrial, and Textile Employees, including its president, Bruce Raynor, are being sued by a bullet-resistant vest manufacturer for allegedly defaming the quality of their protective textiles. Florida-based Point Blank says the four knowingly lied to media, police and retailers about subcontracting operations, claiming they negatively affecting vest quality.…

BY PHILIP FINE

THE AMERICAN Textile Manufacturers Institute (ATMI) is voicing its opposition to the Bush administration’s recent tariff-slashing proposal for the ongoing World Trade Organisation Doha Development Round, saying the trade plan will further open the market to China and wipe out US$13 billion worth of US business.…

BY KEITH NUTHALL
THE EUROPEAN Commission has launched extensive public consultation on whether there is a need for a European Union (EU) system for recovering late payments and uncontested debts in a speedy and easy fashion. Brussels is concerned that some Member States have slow legal procedures for such cases, which pose particular difficulties for companies trying to secure payment from a foreign Member State.…

BY ALAN OSBORN
PROPOSALS by the European Commission to ban state aid for the disposal of slaughterhouse waste and fallen stock could put many British slaughterhouses out of business, said Robert Kennard, a spokesman for small abattoir operators.

Under the Brussels plan, state aid for the disposal of slaughterhouse waste of any kind would be made illegal from the start of 2003, though European Union (EU) Member States would be given leeway in exceptional circumstances to grant 50 per cent aid for the disposal of specified risk material and meat and bone meal with no further commercial use.…

BY KEITH NUTHALL
A GROUND-BREAKING scheme to promote renewable energy in rural Wales has received a European award, in a competition designed to promote good practice and push the European Union towards meeting its target of generating 12 per cent of its energy from renewable sources by 2010.…

BY KEITH NUTHALL
THE INTERNATIONAL Chamber of Commerce has warned investors to beware of a new twist on the Nigerian 419 Advance Fee Fraud after a number of fictitious banking websites were discovered to be falsely aligning themselves with legitimate offshore financial institutions.…

BY ALAN OSBORN
IT’S now official. Following agreement this week by its environment ministers, the European Union (EU) is to set up a market to trade pollution permits for carbon dioxide (CO2), the main so-called greenhouse gas, starting in 2005.

The European Commission is delighted, business is pleased, and while not all environmentalists are overjoyed, the balance of opinion among them is clearly favourable.…