Search Results for: International business

BY KEITH NUTHALL
A TURKISH-OWNED chain of Russian shopping malls and supermarkets is to receive a US$70 million loan from the World Bank’s International Finance Corporation to almost double the company’s retail space in the country. Ramenka already operates four shopping malls and 10 supermarkets in the Moscow area under the name Ramstore.…

BY KEITH NUTHALL
THE BETS are off over whether the new code on maritime safety and security agreed by the International Maritime Organisation this month will actually allow insurance companies to reduce the premiums that they charge shipping companies and ports.…

BY KEITH NUTHALL
THE INTERNATIONAL Chamber of Commerce has warned investors to beware of a new twist on the Nigerian 419 Advance Fee Fraud after a number of fictitious banking websites were discovered to be falsely aligning themselves with legitimate offshore financial institutions.…

BY KEITH NUTHALL
THE INTERNATIONAL Maritime Organisation will next week (9-13 Dec) stage a Diplomatic Conference that should agree a new International Code for the Security of Ships and Port Facilities. This is to be attached as an annexe to this United Nations (UN) agency’s International Convention for the Safety of Life at Sea (SOLAS), and should come into force by next June, assuming there are no significant objections from any of the 146 IMO member countries which have already accepted SOLAS.…

BY KEITH NUTHALL
THE EUROPEAN Commission has ordered the British government to reform Gibraltar’s offshore company taxation rules by ensuring its ‘Exempt Company’ regime is phased out by December 2005 at the latest. Its action follows an inquiry, which led to the Commission concluding that the tax system constituted illegal state aid, banned under EU law because it unfairly favours one European company over another.…

BY KEITH NUTHALL
THE INTERNATIONAL Chamber of Commerce (ICC) has called on the European Union and its Member States to scale down and harmonise requirements that they are making on businesses to store Internet and e-mail traffic data to help police and intelligence services fight organised crime and terrorists.…

BY KEITH NUTHALL and ALAN OSBORN
THE NEW International Code for the Security of Ships and Port Facilities, agreed by an International Maritime Organisation (IMO) Diplomatic Conference, held in London, aims at reducing the industry’s exposure to terrorist attacks and resulting damage.…

BY KEITH NUTHALL
EUROPEAN Union (EU) judges and courts requiring assistance with cases that involve more than one EU Member State will be able to summon help from special international contact points from the New Year, when the details of the new European Judicial Network are posted on the Internet.…

BY PHILIP FINE

THE AMERICAN tobacco unit of cigarette giant Philip Morris has launched civil legal cases against a number of small shop retailers in the USA who it alleges have been selling counterfeit Marlboro cigarettes. The company has instigated 15 lawsuits against 88 retailers after undercover agents for Philip Morris USA purchased cigarettes and then had them tested.…

BY KEITH NUTHALL
THE EUROPEAN Commission has organised a conference to discuss the consequences of the abolition of quotas under the WTO’s agreement on textile and clothing. This symposium – The Future of Textiles and Clothing Trade after 2005 – will be held in Brussels on May 5-6.…