Search Results for: International business

BY KEITH NUTHALL
BACK in the last century, it was easy to find economists who liked a little corruption, saying it oiled the wheels of government and commerce. Today, this complacency has gone, with most development specialists saying bribes weaken governments and shrink private investment.…

BY PHILIP FINE

GUINNESS UDV is facing federal regulatory scrutiny in the United States after a competitor complained that its Smirnoff Ice TM malt based product misleads consumers, because in the US, it does not contain vodka; the New York State advertising industry’s self-regulatory apparatus has now referred the matter to the US Federal Trade Commission and the Bureau of Alcohol, Tobacco and Firearms after Guinness refused to take part in the review.…

BY KEITH NUTHALL
PORTUGAL has called for the resumption of EU funding of the International Olive Oil Council’s promotion of olive oil in non-EU countries with low demand, (including the USA, Australia and Japan). Payments were suspended over council tendering concerns.…

BY MONICA DOBIE
INVESTORS are being warned by the International Chamber of Commerce’s Commercial Crime Bureau (CCB) to stay clear of documents promoting deals using the good name of the ICC. Fraudsters are mentioning a fake standard called the “Modified Insurance Guarantee ICC 4081” in fraudulent documents relating to bank guarantees and letters of credit to add credibility to fictitious high yield investment schemes.…

BY KEITH NUTHALL
INTERNATIONAL technical guidelines promoting the safe disposal of plastic wastes have been issued, following a United Nations Environment Programme backed meeting in Geneva. Representatives from more than 100 governments focused especially on the problems caused by developing countries lacking the necessary legislation and facilities to cope with the ongoing dramatic growth in the quantity of plastic their waste disposal organisations have to deal with.…

KEITH NUTHALL
THE CREATION of a hydro electricity joint venture by German electricity giant E.ON and Austrian electricity producer Verbund has been approved by the European Commission; European Hydro Power will produce electricity for its parents, which will continue to sell the power separately to their customers in Germany and Austria.…

BY KEITH NUTHALL
THE FUTURE of US tariff preferences for Cambodian clothing exports looks guaranteed for another year, after an International Labour Organisation gave the country another relatively clean bill of health regarding working standards in its garment industry. While stressing problems regarding wages, overtime and unions, the UN agency concluded improvements were made to working conditions in various factories following earlier reports.…

KEITH NUTHALL
INDIA has triggered the first stage of World Trade Organisation disputes proceedings in a bid to force the United States to abolish changes made to its rules of origin legislation, that New Delhi claims favour the American and European Union textile industries.…

BY KEITH NUTHALL
THE EUROPEAN Medicines Evaluation Agency has publicised a warning made by German pharmaceuticals company Boehringer Ingelheim International GmbH that users of its product Metalyse have been incorrectly using the vial and pre-filled syringe used to administer the medicine.…

BY ALAN OSBORN
Companies worried about the threat to the continuity of their

business posed by a disaster like the World Trade Centre attack can insure

against it. To nobody’s surprise the practice has soared in popularity

since September 11th. Mr Chris Rigby Smith, head of business continuity at

Marsh UK, told delegates at this week’s contingency planning and disaster

recovery conference in London that business interruption insurance (BII)

differed from business crisis management (BCM) but they were linked.…