Search Results for: International business

BY KEITH NUTHALL
THE US government’s determination to maintain anti-dumping duties against Argentine exports of oil country tubular goods (OCTG) is being challenged at the World Trade Organisation by Buenos Aires, which has launched formal consultations on the row. This is the first stage in disputes proceedings; if the talks fail, then Argentina can demand that a WTO panel adjudicates over the duties.…

BY RICHARD HURST, in Johannesburg
FOUR consortia have pre-qualified onto a short-list in a bid to modernise the main airport of Mozambique, namely Maputo International Airport. The project is estimated to be valued at US$13.6 million and will include an upgrade of passenger check in, cargo handling and the ground assistance to the aircraft.…

KEITH NUTHALL
THE INTERNATIONAL Road Transport Union (IRU) has called on the European Union (EU) to take precautions in preparation for the admission of new Member States from the east, to make sure the EU road haulage market is not flooded with cut-priced cowboy hauliers from these former communist countries.…

BY PHILIP FINE

THE USA’s Abbott Laboratories has announced it will eliminate 2,000 jobs as a

cost-cutting measure. The Chicago-area based pharmaceuticals company, will close

10 facilities worldwide, but has not yet disclosed their locations. The restructuring is targeted at both the international and diagnostics divisions, the latter of which has been under regulatory scrutiny for quality-control issues.…

BY MONICA DOBIE
THE BUSH administration has told the Canadian government – bluntly – that if it wants to sue big US tobacco companies it must do it in Canadian courts, not American.

Washington has urged the US Supreme Court to reject Canada’s bid to revive its US$1 billion civil lawsuit against R.J…

BY KEITH NUTHALL
FRANCE’S Suez and the United Nations Education, Scientific and Cultural Organisation (UNESCO) have launched a joint drinking water improvements programme that will provide around Euro 300,000 in its first three years and will initially concentrate on the Volga-Caspian region.…

BY ALAN OSBORN
FOLLOWING “significant reforms” to its anti-money laundering system, Russia

has been removed from the list of non-cooperative countries maintained by

the Financial Action Task Force on Money Laundering, its parent body, the

OECD, has announced.

FATF president Jochen Sanio said Russia had given “strong assurances that

it will bring to a completion this reform process and the

implementation of its anti-money laundering framework.”…

Keith Nuthall
BRITAIN remained an averagely taxed economy compared with its competitor rich nations in the Organisation for Economic Cooperation and Development (OECD), according to a new report from this international think-tank. It says that the share of Britain’s GDP represented by tax take remained at 37.4 per cent in 2001, the same as in 2000.…

BY ALAN OSBORN
BELGIUM has been told by the European Commission to change its “discriminatory” laws covering inheritance and registration taxes or face legal action. Belgian law says that non-profit associations, mutual societies, trade unions and international scientific associations must be established in Belgium to qualify for tax relief on gifts or legacies.…

BY KEITH NUTHALL
THE MOVE of the secretariat of the International Cocoa Organisation to Abidjan, Ivory Coast, from London, has been postponed because of the political and military turmoil in the country. The decision to go ahead with the move had only been taken this May.…