Search Results for: International business

Keith Nuthall
BRITAIN remained an averagely taxed economy compared with its competitor rich nations in the Organisation for Economic Cooperation and Development (OECD), according to a new report from this international think-tank. It says that the share of Britain’s GDP represented by tax take remained at 37.4 per cent in 2001, the same as in 2000.…

BY KEITH NUTHALL
BRITAIN remained an averagely taxed economy compared with its competitor rich nations in the Organisation for Economic Cooperation and Development (OECD), according to a new report from this international think-tank. It says that the share of Britain’s GDP represented by tax take remained at 37.4 per cent in 2001, the same as in 2000.…

Keith Nuthall
THE INTERNATIONAL Maritime Organisation (IMO) is considering changes to its conventions that would broaden the range of offences against which signatory countries are bound to take action, to ensure that legal commitments to fight terrorism are harmonised and toughened.…

Keith Nuthall
THE INTERNATIONAL Maritime Bureau is warning cargo owners to beware of two growing threats posed by pirates, to small tankers and barge-towing tugs. The IMB has warned of an increase in attacks on tugs and barges, reporting two hijackings of these vessels in Indonesian waters alone since early September.…

Keith Nuthall
THE UNITED Nations’ (UN) International Court of Justice has fixed the disputed maritime boundary between Nigeria and Cameroon, having decided that the contested Bakassi Peninsula should be considered part of Cameroon.

The court ruled that the maritime boundary should be set from the point of intersection of the centre of the navigable channel of the Akwayafe River with the straight line joining Bakassi Point and King Point, with many elements following previous Cameroon-Nigeria agreements dating back to the 1970’s.…

Keith Nuthall
SIGNIFICANT progress has been made in preparing a comprehensive shipping and port security code, which is to be agreed by the International Maritime Organisation this December. The second meeting of the UN agency’s security working group developed detailed guidelines on how governments, national agencies, local administrations and shipping and port authorities should detect security threats and take preventive measures against them.…

KEITH NUTHALL
THE EUROPEAN Commission has closed competition investigations threatening the future of two international aviation cooperation deals: the Star Alliance of Lufthansa, SAS and United Airlines; and the KLM-Northwest Airlines compact. Brussels halted inquiries into Star after its partners offered to surrender slots at Frankfurt airport to allow competing services on the Frankfurt to Chicago, Washington, Los Angeles and San Francisco routes.…

BY RICHARD HURST, in Johannesburg
FOUR consortia have pre-qualified onto a short-list in a bid to modernise the main airport of Mozambique, namely Maputo International Airport. The project is estimated to be valued at US$13.6 million and will include an upgrade of passenger check in, cargo handling and the ground assistance to the aircraft.…

BY ALAN OSBORN
FOLLOWING “significant reforms” to its anti-money laundering system, Russia

has been removed from the list of non-cooperative countries maintained by

the Financial Action Task Force on Money Laundering, its parent body, the

OECD, has announced.

FATF president Jochen Sanio said Russia had given “strong assurances that

it will bring to a completion this reform process and the

implementation of its anti-money laundering framework.”…

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.…