Search Results for: International business

BY KEITH NUTHALL
APPLICATIONS have been made by the Australian government for the trade in two species of Pacific toothfish to be controlled under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). These species, Dissostichus eleginoides and mawsonii, which are also known as Chilean sea-bass, would be included on its Appendix II list, requiring traders to acquire special permits to deal in them.…

Keith Nuthall
THE INTERNATIONAL Maritime Bureau is warning ships captains to avoid the Somalia coast because of the risk of attacks by pirates and kidnappers. The piracy-fighting arm of the International Chamber of Commerce has warned: “Ships unlucky enough to develop engine trouble after straying too close to the shores of Somalia are virtually certain to fall victim to armed gangs who will extort a stiff ransom from the owners.”…

From Alan Osborn
The European Commission has proposed changes in fishing rules to

reflect recent international agreements, new scientific advice and a ruling

by the European Court of Justice. Brussels said the adjustments were to

strengthen the sustainability of the fisheries concerned and provide EU

fishermen with the opportunities available after the latest scientific

advice.…

BY MARK ROWE
ANOTHER leader in the ASU30 and lights segments, the American blended Pall Mall remains BAT’s leading global mid-price brand, sold in 60 countries. Launched in 1900, it today sells particularly well in eastern and central Europe as well as Italy and last year saw volumes up by 21 per cent.…

BY KEITH NUTHALL
THE INTERNATIONAL Maritime Organisation is considering changes to global oil tanker standards, which would insist that each space within the cargo area has permanent access to enable overall and close-up inspections and thickness measurements of ship structures. The reform has been framed because of the Erika disaster.…

Keith Nuthall
THE EUROPEAN Union Council of Ministers has approved a root-and-branch reform of the European Union’s Financial Regulation, its accounting bible, which is designed to make the budgetary management of the EU more simple and efficient. The new system comes into force on January 1, 2003.…

BY DEIRDRE MASON
SOME 12 million tonnes of scrap metal – mainly steel – are expected to enter global markets this decade as redundant nuclear power stations are closed down worldwide; in Europe, there is likely to be a surge from 2003 onwards, via a closure programme for obsolete plants in the eastern European countries applying to join the EU.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank has announced that it is investing US$100 million in Coumbian insurance and finance company the Suramericana Group; the investment is one of the most comprehensive projects ever undertaken by the IFC in Latin America.…

BY KEITH NUTHALL
THE COUNCIL of the International Civil Aviation Organisation has agreed to set up a non-profit service, offering airports, ground handlers and airlines third-party war risk liability insurance cover from US$50 million per insured, should the commercial market continue to withdraw such protection.…

BY SWINEETHA DIAS WICKRAMANAYAKA
AN ADDITIONAL injection of IND Rupees 220 million, (US$4.5 million), is to be invested into Cochin International Airport Ltd, in Kerala, India, by five directors of the company, raising their stake to 26 per cent. The move is part of a plan by the company to expand its equity base to INDRupees 2,000 million, (US$40.8 million), from the current IND Rupees 900 million, (US$18.3 million), to liquidate high-cost loans that have been eating into its profits.…