Search Results for: International law

BY KEITH NUTHALL
COUNTERFEIT cigarettes are helping to raise money for terror groups, Interpol secretary general Ronald K Noble has warned. In documents sent to the US House of Representatives committee on international relations, he said the problem might become more serious and called for industry-police cooperation.…

BY KEITH NUTHALL
RUSSIAN poultry outfit Stavropolsky Broiler has been lent US$15 million by the World Bank’s International Finance Corporation. The money will help the Agros subsidiary rehabilitate and expand commercial broiler production in the Stavropol region of Russia, improving bird breeding, strengthening management, increasing production, providing working capital, and expanding distribution networks.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$105 million to Petrobras Energía Venezuela (PEV), owned by Argentina’s Pecom Energía, for developing PEV’s four Venezuelan oil fields. The IFC said the loan was “critical to the sustainability and expansion of PEV.”…

BY RICHARD HURST
THE SOUTH African national oil and gas agency, PetroSA, its PetroWorld joint-venture partner Transworld Exploration, plus Foster Wheeler Power Systems, Starchem Technologies International and Waller Marine will jointly develop a US$700 million fuel-grade methanol plant: output 12,000-15,000 tonnes a day.…

BY MARK ROWE
RUSSIA’S Vsampo-Avisma Group, Europe’s top titanium producer, is planning to sell as much as 27 per cent of its stock at an initial public offering on foreign exchanges. Moscow-based Troika Dialog brokerage will advise on the sale, according to Vsmpo-Avisma’s deputy general director Vyacheslav Bresht.…

BY ALAN OSBORN
THE PRESENT European Commission under the presidency of Romano Prodi has sometimes been said to be ‘green-minded,’ in that it takes a more friendly attitude towards the environment than either its predecessors or the European Union member governments.…

KEITH NUTHALL
A PROPOSAL from the European Commission to end Britain and Irelands’ practice of zero-rating VAT on children’s shoes has been rejected by London and Dublin. The British government made clear it would use the national veto available against European financial legislation to prevent the proposal becoming law.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
THE SRI Lankan government has returned its international airport departure tax fee to SLRupees 1,000 (US$10.29), having temporarily raised it to 1,500 (US$15.44). The move had prompted criticism as the higher tax rate outstripped rival destinations in the region.…

BY KEITH NUTHALL
THE EUROPEAN Commission has formally asked EU ministers to approve a new protocol to the Paris Convention on international nuclear insurance, allowing a significant extension of cover via a tough hike in the third party liability of power stations.…

BY ALAN OSBORN
THE EUROPEAN Commission has formally asked EU ministers to approve a new protocol to the Paris Convention on international nuclear insurance, allowing a significant extension of cover. Brussels says this may now be widened to cover damage to the environment, non-material damage and the cost of safeguard measures.…