Search Results for: International business

BY MARK ROWE
THAILAND’S wine industry, which could charitably be described as embryonic, has been given a significant boost after the country’s government announced it would start issuing quality assurance kite marks for producers.

The move is designed to help the best of Thailand’s wine makers compete in the international market by enabling them to promote their wines using kite marks which can be recognised and understood by international consumers and wholesalers.…

BY KEITH NUTHALL
A HUGE increase in international compensation for oil spill victims will be made available via a new International Maritime Organisation coordinated fund. National membership will be voluntary, but will probably apply in Europe, as the plan was an EU initiative.…

BY MARK ROWE
THE EUROPEAN Union has been very active in recent weeks, regarding legislation that affects accountants and auditors.

Earlier this month (May) the Commission issued a recommendation on statutory auditors’ independence within the EU, indicating that auditors who have a relationship with their client that might compromise the auditor’s independence should be prohibited from carrying out statutory audits.…

BY KEITH NUTHALL
INSURANCE companies have been asked to subscribe to a European Road Safety Charter, committing them to back measures reducing road accidents. The move is part of a seven-year plan to improve road safety in the European Union that has been launched by the European Commission; it aims to halve the number of people killed in road accidents annually across the EU from 40,000 to 20,000 by 2010.…

BY KEITH NUTHALL
INSURANCE companies have been asked to subscribe to a European Road Safety Charter, committing them to back measures reducing road accidents. The move is part of a seven-year plan to improve road safety in the European Union that has been launched by the European Commission; it aims to halve the number of people killed in road accidents annually across the EU from 40,000 to 20,000 by 2010.…

BY KEITH NUTHALL
THE EUROPEAN Parliament is preparing to strengthen the proposed European Union (EU) directive on environmental liability, which is designed to ensure that polluters pay for damage that they cause through intent or negligence.

MEP’s on the parliament’s legal affairs and internal market committee are supporting amendments that would extend the scope of this legislation.…

BY MONICA DOBIE
CALGARY-based Sawtooth International Resources Inc. has announced that it has increased its oil production from 238 barrels per day in 2002 to 325 barrels per day effective April of this year. This is a jump of 36 per cent in total production.…

BY MARK ROWE
THE ‘LOOTING of civilisation’ in Baghdad, with its vivid images of wanton destruction and looting inflicted upon the Iraqi national museum, was all too familiar for those who have followed events in Afghanistan. But everyone must hope the parallels stop there, for the experience of those quietly seeking to recover Afghanistan’s glorious archaeological past does not bode well for the long-term restoration of Iraq’s treasures.…

BY KEITH NUTHALL
A EUROPEAN Parliament probe into allegations that European Union budgetary aid for the Palestinian Authority (PA) was misused – maybe being funnelled into the hands of terrorist groups – has held its first meeting in Strasbourg.

The working group will draw up a report by the end of this year.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending US$700,000 to Cameroon petroleum transporter Sodetran-Cam Sarl, to expand and upgrade its fuel transportation trucks. It plans to buy 10 additional tanker trailers to boost its work with Cameroon’s Mobil Oil Distribution Company.…