Search Results for: International business

BY MONICA DOBIE
ROTHMANS Inc.,(Canada), has bought 100 per cent of Santa Fe Natural Tobacco Company’s shares for US$275 million.

The purchase price comprises of US$105 million in cash, 4,241,312 common shares of Rothmans, having an ascribed value of US$65 million, and US$105 million in bonds to be issued at closing by Santa Fe and to be repaid over four years from Santa Fe’s operating cash flows.…

BY KEITH NUTHALL
THE INTERNATIONAL Maritime Bureau has made a public appeal to the Indonesian government to prosecute pirates who were seized earlier this year, but who have yet to face charges in court. The IMB, which is part of the International Chamber of Commerce, is concerned that the pirates may be treated leniently.…

BY MONICA DOBIE, in Montreal
THE INTERNATIONAL Civil Aviation Organisation is planning to reform global aviation security standards by thoroughly reviewing and strengthening the current standards in place in response to terrorist attacks, which occurred in the United States in September.…

BY KEITH NUTHALL
THE UNITED Nations General Assembly will be asked to consider the plight of seafarers so poorly paid that they work in conditions amounting to “slavery,” when it considers relating to oceans and the Law of the Sea next month.…

BY KEITH NUTHALL
THE AUSTRALIAN government has issued the most comprehensive formal proposal favouring the liberalisation of the shipping industry yet made in the ongoing World Trade Organisation round on services.

Its paper said: “Significant barriers to trade and investment in maritime transport services still exist in many member economies.…

BY KEITH NUTHALL
THE EUROPEAN Commission has signed an agreement with Russia on space research cooperation. EU research commissioner Phillipe Busquin and Russian space agency director general Youri Koptiev agreed a joint document on the Euro-Russian Space Partnership. The deal focuses on mutual assistance in the development of satellite navigation systems such as Galileo and Glonass, Brussels’ “global monitoring for environment and security” (GMES) initiative and launch services, notably the launch of Soyuz rockets from the European Space Centre in Kourou, French Guiana.…

BY KEITH NUTHALL
THE PROCESS of transforming the European Union’s anti-fraud office OLAF into a truly independent operator, with enough investigative muscle and legislative teeth to make an impact in Brussels’ fight against financial crime, has proved to be a slow and difficult task, its latest report admits.…

BY KEITH NUTHALL
THE TERRORIST attacks on New York and Washington DC have not just galvanised the developed world into military action, it has encouraged governments and international organisations to pass new anti-terror laws affecting travel, data protection, criminal investigations and money laundering.…

BY SWINEETHA DIAS WICKRAMANAYAKE
A CONSORTIUM led by Thailand’s Italian-Thai Development Plc has won a tender to construct the passenger terminal at the country’s second international airport, Nong Ngu Hao. The group had submitted the lowest bid at 36.67 billion Baht, the Thai government said.…

BY MONICA DOBIE, in Montreal
THE INTERNATIONAL Civil Aviation Organisation (ICAO) is planning to strengthen current aviation security standards in place, in response to terrorist attacks, which occurred in the United States. A high level meeting will take place before the New Year to discuss setting global rules on security issues such as cockpit door locking and making domestic regulations as tight as international flights.…