Search Results for: International business

BY PHILIP FINE

GUINNESS UDV is facing federal regulatory scrutiny in the United States after a competitor complained that its Smirnoff Ice TM malt based product misleads consumers, because in the US, it does not contain vodka; the New York State advertising industry’s self-regulatory apparatus has now referred the matter to the US Federal Trade Commission and the Bureau of Alcohol, Tobacco and Firearms after Guinness refused to take part in the review.…

BY MONICA DOBIE, in Montreal
MITSUBISHI Motor Sales of Canada has announced it will move its operations into Canada in September, six months ahead of scheduled date. Greg O’Neill, executive vice president and general manager of Mitsubishi Motor Sales of America Inc.…

BY KEITH NUTHALL
THE INTERNATIONAL Court of Justice has announced five weeks of public hearings for a case between Nigeria and Cameroon, who are disputing their mutual maritime border. Nigerian troops currently occupy part of the disputed Bakassi peninsular, provoking the Cameroon government into launching the case, which calls for a fixing of the coastal and associated sea frontiers and the withdrawal of foreign forces.…

BY PHILIP FINE

AMERICAN mail-order retailer, Land’s End, has launched a catalogue for large-sized women. While the company has sold clothes up to size 26 over the last few years, executives decided that there was sufficient demand for a separate catalogue.…

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
THE Indian cabinet is discussing a new national policy for food processing, which would pave the way for a Processed Food Development Authority. New Delhi is considering the rationalisation of Indian food legislation, currently divided into a plethora of laws, including those relating to the environment, marketing, grading and control.…

BY KEITH NUTHALL
THE UNITED States has released details of the talks held with the European Union over its threatened safeguard duties on certain steel imports into America. Washington said that it had responded to questions about the US International Trade Commission’s timeframe for identifying and defining like products; the establishment of a causal link between increased imports and serious injury to US producers; and the methodology for selecting a safeguard measure, among other issues.…

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 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 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.…