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Keith Nuthall
THE EUROPEAN Union’s Galileo global positioning project is being further delayed, this time because Member States are competing to inject more money into the satellite system, to lay claim to greater shares of resulting contracts. Until a recent deal over costs, national governments had been arguing about how to control Galileo’s budget.…

Keith Nuthall
THE EUROPEAN Union Council of Ministers has slammed the door shut on entreaties from the American government to abandon its plans to exempt EU-based suppliers of digital products from charging VAT when they sell to customers in non-EU countries.…

BY KEITH NUTHALL
FOR years, the US government has played Mary Poppins on agricultural subsidies, claiming that its handouts do not encourage farmers to overproduce when prices are low. Now it is not really trying to pretend.

The mask has not just slipped, it has been casually pulled off and tossed aside.…

BY MARK ROWE
THE INTERNATIONAL Monetary Fund is to help set up an Islamic Financial Services Board to regulate and lay down standards for financial transactions throughout the Islamic world. A key aim of the project is to incorporate the special insurance tenets that exist in the Islamic business world into the wider capitalist system.…

KEITH NUTHALL
INDIA has formally requested the creation of a disputes panel at the World Trade Organisation, which is has asked to rule that the EU broke global trading rules when reimposing anti-dumping duties on Indian exports of cotton-type bed linen.…

BY KEITH NUTHALL
THE EUROPEAN Union has launched a plan to break the World Trade Organisation deadlock over changes to its TRIPS regime (trade related aspects of intellectual property rights), which would allow developing countries to licence imported generic drugs in emergencies, while protecting the global pharmaceutical sector.…

BY KEITH NUTHALL
LAST week a political deal was struck in Brussels on the shape of European cookie legislation. The result, in footballing terms: Lawyers 5 – IT industry 2.

On the plus side, the anti-cookie proposals of Council of Ministers, (which represents Europe’s Member States and shares the right of veto over this law with the European Parliament), have been softened, which should give some breathing room to the EU’s hard pressed Internet industry.…

KEITH NUTHALL
THE EUROPEAN Commission has proposed an expensive twin-track programme to secure the European Union’s energy supplies, diversifying production by promoting renewables and limiting demand by boosting energy saving initiatives.

It has asked EU ministers to spend Euro 215 million on its planned Intelligent Energy for Europe programme, which would span 2003 to 2006.…

BY KEITH NUTHALL
CHINA has sought to bury grumbling amongst its fellow World Trade Organisation member countries that it has been slow to implement quotas, by delivering its promise to publish import quotas in April that fulfill its commitments under the Agreement on Textiles and Clothing.…

KEITH NUTHALL
THE EUROPEAN Commission is piling political pressure onto industries, especially fossil fuel electricity generators, which pour greenhouse gases into the atmosphere, to force them to clean up their processes, adding costs to their bottom line.

In a move that will only serve to make CHP and renewable plants more competitive by comparison, the Commission is preparing a raft of legal cases against eight European Union Member States, to force them to monitor and restrict their production of key greenhouse pollutants.…