Search Results for: International business

BY KEITH NUTHALL
THE EUROPEAN Investment Bank has announced that it is lending US$80 million to Philips Semiconductors Philippines Inc., (PSPI), a subsidiary of the Dutch electronics giant Philips, which will guarantee the loan. The money will help the Asian operation construct a second integrated circuits assembly and test facility in Calamba, Philippines.…

BY ALAN OSBORN
THE DUTCH brewer Heineken is to join forces with Bayerische BrauHolding of Germany under a deal approved today (Friday) by the European Commission.

Heineken is active throughout the 15 EU countries in the brewing and distribution of beer and other beverages.…

BY KEITH NUTHALL
GROWTH in the high technology sector means big profits for those that succeed in the race to market ‘the next big thing,’ but that also means high tech criminals are hot on the trail of consumers and manufacturers unaware that their new gadget is a fraudsters new scamming device, reports Monica Dobie, in Montreal, Canada.…

BY KEITH NUTHALL
THE EUROPEAN Court of Justice has dismissed a bid by a Spanish garden trade company to overturn a decision by the European Commission to refuse to pay an agreed grant, because of allegations that the firm had been involved in fraud.…

BY KEITH NUTHALL
MULTILATERAL sea and river organisations are usually created to deal with existing problems that cross national borders, but a new body has been making progress on a shipping issue that has yet even to happen: the exploitation and transport of subterranean solid mineral deposits.…

BY KEITH NUTHALL
THE INTERNATIONAL Seabed Authority has decided to develop work on framing regulations for the exploitation of newly discovered submarine mineral deposits in international waters, which are expected to yield copper, iron, zinc, silver, gold and cobalt.

These hydrothermal polymetallic sulphides and cobalt-rich ferromanganese crusts lay beneath waters that are beyond national exclusive economic zones and so under international law, the authority controls all exploration and exploitation.…

BY KEITH NUTHALL
THE BELGIAN government has committed its July-December presidency of the European Union to securing formal approval for the creation of a new research fund that will pump millions of Euro’s into coal industry research, replacing the work carried out via the budgets of the soon-to-be-defunct European Coal and Steel Community.…

BY KEITH NUTHALL
THE EUROPEAN Commission has finally given EU Member States the green light to help their electricity producers meet expensive ‘stranded costs’ that were incurred before the power market was liberalised in the late 1990’s, although Eurelectric has attacked Brussels for acting too slowly.…

BY KEITH NUTHALL
THE BELGIAN government has committed its tenure of the EU presidency over the next six months to securing formal approval for the creation of a new research fund, pumping millions of Euro’s into steel industry research. This would replace the work carried out via the soon-to-be-defunct European Coal and Steel Community.…

BY ALAN OSBORN AND KEITH NUTHALL
A COMPREHENSIVE review of contract law in the 15 Member States of the European Union has been launched by the European Commission, which is concerned that the existing contrasts between national legal systems could be obstruct the functioning of the European Union’s single internal market.…