Search Results for: World Trade Organisation⊂mit=Search

BY PHILIP FINE

THE WORLD’S 20 largest corporations, including Exxon Mobil, BP and Chevron Texaco, have failed to prepare for the economic fall-out of climate change, says Washington DC’s Investor Responsibility Research Center. A study says none of the companies have estimated their potential financial losses from global warming.…

BY KEITH NUTHALL
A FORMAL state aid inquiry has been launched by the European Commission into a system of compulsory levies on the meat industry in France; Brussels fears it could illegally and unfairly favour the local sale of French-reared meat and livestock, disadvantaging both EU imports and exports from France.…

BY KEITH NUTHALL
THE BRAZILIAN government has largely failed to secure a tougher ruling at the World Trade Organisation’s appellate body against the European Union’s anti-dumping duties on malleable cast iron tube or pipe fittings from Brazil. In its initial ruling, a WTO disputes panel found that the EU had erred in two technical ways regarding the setting of the duties, but Brazil appealed, asking the appellate body to declare the duties broke world trade laws more comprehensively.…

BY KEITH NUTHALL
RUSSIAN poultry outfit Stavropolsky Broiler has been lent US$15 million by the World Bank’s International Finance Corporation. The money will help the Agros subsidiary rehabilitate and expand commercial broiler production in the Stavropol region of Russia, improving bird breeding, strengthening management, increasing production, providing working capital, and expanding distribution networks.…

BY KEITH NUTHALL
THE INTERNATIONAL Chamber of Commerce (ICC) is resisting proposed reforms to European Union business law on cross-border non-contractual civil disputes, which would insist that the country of a complainant provides the courts charged with making a judgement. The ICC fears that such a law – designed to breed consumer confidence in cross-border retail sales – would scare businesses from selling into foreign markets.…

BY KEITH NUTHALL
THERE has been a lot of talk about water in international meetings and organisations this year. Report after report has spelt out a gloomy message: we are all using too much water and if reforms do not make systems more sustainable, then a thirsty future beckons.…

BY RICHARD HURST
THE SOUTH African Competition Commission has given the green light to the proposed merger between Harmony Gold and African Rainbow Minerals Gold (ARMgold). The deal includes the acquisition of all the issued share capital of ARMgold by Harmony; once finalised, the merged business will be the largest gold producing company in South Africa.…

BY KEITH NUTHALL
WHEN men first flew into space, they were moved by the deep blue of Earth’s oceans; maybe they would be horrified at this satellite picture of a dying sea and the white desert replacing its retreating shores. Uzbekistan and Kazakhstan’s Aral Sea has split into two and its larger portion has been judged doomed by many environmentalists who warn it may dry out completely by 2020.…

BY KEITH NUTHALL
THE EUROPEAN Commission has authorised a deal involving the merger of two key Brazilian suppliers of iron ore into the European Union market. It has approved the proposed acquisition by CVRD (Companhia Vale do Rio Doce) of sole control of Caemi, which it currently shares with Japanese iron ore trader Mitsui.…

BY KEITH NUTHALL
THE EUROPEAN Commission has welcomed the results of the International Telecommunication Union’s (ITU) World Radiocommunication Conference, saying it earmarked sufficient radio spectrum for the EU’s new Galileo global positioning satellite project. Brussels wanted the conference to ensure it could commend enough frequency to avoid interference problems.…