Search Results for: International business

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend Euro 15 million to NPO Petrovax Pharm, a Russian niche pharmaceutical company, so it can build a green field plant near Moscow making new generation influenza vaccines for the ex-USSR market.…

BY KEITH NUTHALL
IN the age of the Euro-sceptic politician, no one can deny that European Union (EU) institutions have a lot of power, and that their authority is felt in every economic sector, including the insurance business. With European rules currently being debated that will shape the future of car insurance, for instance, it is futile to deny the industry follows EU politics as closely as it does national public affairs.…

BY ALAN OSBORN
THE NEW president of the European Commission, the former Portuguese prime minister Jose Manuel Barroso, has made clear that for the next five years at least there will be a reform-minded team at work in Brussels driven by a powerful desire to eliminate accounting fraud, inefficiency and the protection of special interests.…

BY ALAN OSBORN
The fact that some member states have now missed the deadline for implementation coupled with variation in the measures passed means that there will be “an imbalance of obligations on lawyers across the EU” said the American Bar Association’s Section on Business Law (SBL).…

BY MONICA DOBIE
CANADA’S JTI-Macdonald Corp. has filed for bankruptcy protection following a Quebec Superior Court order that the company immediately pay the Quebec provincial government CDN$1.36 billion in taxes owed from alleged smuggling in the 1990’s. Under the Companies’ Creditors Arrangement Act (CCAA), JTI will not have to hand over money to Quebec’s revenue coffers as long as they remain under protection.…

BY KEITH NUTHALL
THE AWARD to Cyprus of the key European Commission health and consumer affairs portfolio could signal a waning of Brussels’ enthusiasm for tougher food safety, environmental health and consumer protection rules. Cypriot Markos Kyprianou, 44, has been given the job in the new Commission that takes office in November.…

BY MATTHEW BRACE
Mine Name: Argyle Diamond Mine

Location: 180km south east of Kununurra, East Kimberley, Western Australia. Mining lease sits on traditional land of Gija and Mirriuwong Aboriginal people.

Ownership: 100% owned and managed by Rio Tinto.

Start Up: Alluvial mining commenced in 1983; formally commissioned as a mine in December 1985.…

BY ALAN OSBORN
THE LEGAL web being cast by the European Union (EU) in the fight against money laundering is being tightened still further. A third directive has now been proposed by the European Commission that, among other things, will broaden the definition of money laundering to include not only the concealment or disguise of the proceeds of serious crimes but also the financing of terrorism with either criminal or legally acquired money.…

BY KEITH NUTHALL
THE WORLD Health Organisation (WHO) is preparing to train young public health professionals from developing countries, to spread international expertise in the subject worldwide. A US$5 million grant from Microsoft’s Bill & Melinda Gates Foundation will fund the programme over the next four years.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, will provide up to US$90 million in financing to Comgás, Brazil’s largest piped natural gas distributor. The loan help the company expand and upgrade its distribution network, making gas available to 70,000 new customers in five years, and 200,000 in 10.…