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BY KEITH NUTHALL
THE INTERNATIONAL Labour Organisation has estimated that the aviation and associated industries have shed 400,000 jobs worldwide since September 11, because of the terrorist attacks themselves and ongoing global economic slump that they worsened. Jobs have been lost in airports, airlines, air navigation services, equipment manufacturers, catering companies and car rental facilities, said the ILO.…

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 UNITED Nations’ general assembly has overwhelmingly voted to urge countries to support the International Atomic Energy Agency, (IAEA), in preventing acts of terrorism committed with nuclear and other radioactive materials. Delegates voted 150 in favour, with North Korea voting against and the Ivory Coast and Laos abstaining.…

BY MARK ROWE
ERNST and Young have been appointed by China’s largest bank to audit its books amid concerns about the high rate of non-performing loans in the country. Industrial and Commercial Bank of China has hired the company to audit about a fifth of its business, the first time the bank has used foreign auditors for its accounts.…

BY KEITH NUTHALL
A GLOBAL Forum on Food Safety Regulators has been staged by the UN Food and Agricultural Organisation, (FAO), and the World Health Organisation, reflecting concern about recent food safety incidents, such as BSE, that the FAO claims have “caused serious turmoil in the world food markets and raised concern among consumers.”…

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.…

BY MONICA DOBIE
AMERICAN online book retailers are likely to be upset by the decision of the European Union Council of Ministers (finance) to approve its proposed new VAT requirement for books downloaded from the Internet. The system allows for online EU exporters to sell their goods without charging sales tax, but penalises websites based in the United States, (or other third countries), selling to consumers in the EU.…

BY MARK ROWE
SINGAPORE’S Changi Airport has sold its stake in New Zealand’s largest airport, contrary to recent speculation that it was seeking to raise its shareholding in Auckland International Airport. Singapore Changi Airport Enterprise said in a statement yesterday that it had sold its 7.1 per cent stake for NZ$107 million, (S$81.3 million).…

Keith Nuthall
EUROPEAN Union ministers have been asked to approve the accession of the EU to the International Jute Study Group, which is to replace the organisation of the 1989 International Jute Agreement, which was wound up in October. The new grouping is due to start work in the New Year, having been formed by a conference staged by UN development agency UNCTAD earlier this year.(2001)…

BY MIKE FOX
ENVIRONMENT officials and ministers from more than one hundred countries meeting at a United Nations conference in Montreal have renewed their commitment to trying to protect the world’s oceans from land-based pollution.

They framed a comprehensive communiqué, after hearing from an environmental body representing more than 400 local governments, which outlined how its members can play a major role in protecting the oceans.…