Search Results for: International business

Keith Nuthall
THE EUROPEAN Commission has launched a state aid inquiry into the planned reform of Gibraltar’s company taxation laws. It entails the abolition of company profits taxation, replacing it with a payroll tax, (Pounds 3,000 per employee), and a business property occupation tax.…

BY KEITH NUTHALL
COMPETITION clearance has been granted by the European Commission to the planned deal involving Finnish paper manufacturer UPM-Kymmene Corporation acquiring Morgan Adhesives, a United States-based company making adhesive labels for manufacturers. Brussels concluded after an inquiry that the takeover would not damage competition in the European Union (EU) as US-based Avery Dennison would remain the market leader in Europe.…

BY KEITH NUTHALL
THE CONCEPT of nation building is not new. Powerful governments have for centuries sought to create pliant political administrations which would do their bidding, without being directly under their control. It is, after all, in noone’s interest for a territory to descent into chaos.…

Keith Nuthall
THE ACQUISITION of PricewaterhouseCoopers’s consulting business by IBM has received regulatory clearance in Europe, with the European Commission concluding that the merged operation will face sufficient competition in Europe to allow consumers a continued wide choice of consultants. The IT giant’s purchase of PwC Consulting will expand IBM’s IT services delivery portfolio with additional strategy, consulting, business process and industry expertise, concluded Brussels, after an investigation.…

BY KEITH NUTHALL
THE EUROPEAN Commission has published a list of exported American meat products that could be saddled with protective duties of up to 100 per cent, because of a World Trade Organisation ruling allowing Brussels to retaliate against the US’s use of foreign trade corporations to give its exporters illegal tax breaks.…

BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the acquisition of Siemens “ceramics” business unit by US investment firm Kohlberg Kravis & Roberts. The takeover deal involves the purchase of seven Siemens businesses, companies or subsidiaries.

Brussels concluded that there were no serious competition concerns as KKR has little presence in the markets concerned.…

BY MATT WELLS, in New York
A NEW survey of business leaders in the United States carried out by the security professionals’ organisation ASIS International, PricewaterhouseCoopers, and the US Chamber of Commerce has indicated that around US$59 billion dollars-worth of intellectual property and information were stolen in America over the year to last June.…

BY KEITH NUTHALL
THE EUROPEAN Commission has published a list of exported American print industry products that could be saddled with protective duties of up to 100 per cent, because of a World Trade Organisation ruling allowing Brussels to retaliate against the US’s use of foreign trade corporations to give its exporters illegal tax breaks.…

BY KEITH NUTHALL
THE EUROPEAN Commission has asked the EU Council of Ministers to formally ratify the new International Cocoa Agreement 2001. The current International Cocoa Agreement 1993 is to remain in force until 30 September 2003 at the latest, when it will be superceded by the new deal.…

Keith Nuthall
A GLOBAL questionnaire has been launched by the United Nations Commission on International Trade Law, (UNCITRAL), which wants to kick start efforts to create a UN convention on insurance liability during multi-modal transportation.

The UN agency has pointed out that despite the huge growth in container movements (from zero in 1965 to 225.3 million in 2000), there is still no global set of rules governing responsibility for cargo carried by combined transport involving ships, rail and roads.…