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BY KEITH NUTHALL
IMAGINATIVE fraudsters have issued a fake insurance policy in the name of the International Chamber of Commerce (ICC), which claims to protect businesses against losses caused by an earlier false ICC insurance guarantee. ICC officials this summer warned businesses against accepting deals underwritten by a counterfeit ICC “4081 Letter of Insurance Guarantee.”…

BY MONICA DOBIE
LONGSTANDING Canadian meat traders have vowed not to ship to Cuba in future because the Caribbean island dumped them for American competitors.

The switch followed an agreement in November 2001 by Fidel Castro to buy agricultural goods from US companies, following a hurricane that ravaged his country.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending Russian oil company Lukoil US$150 million to fund participation in the development of Kazakhstan’s oil, gas, and condensate field. The money will also help fund a 635-km connecting pipeline to the Caspian Pipeline Consortium’s infrastructure, which will transport the oil to the Black Sea.…

BY KEITH NUTHALL
THE EUROPEAN Commission has approved Germany’s controversial Euro 647 million state aid injection to TotalFina Elf subsidiary Mitteldeutsche Erdöl Raffinerie for constructing the Leuna 2000 refinery in Saxony-Anhalt. Brussels had re-examined the project and has now cleared all aid, including Euro 61.4 million, which had been blocked pending the decision.…

BY SWINEETHA DIAS WICKRAMANAYAKA
A FORMER president of the Thai Leather Goods Association has said that the Thailand leather industry has to improve its designs to more effectively compete globally. Sunanta Wuthisakul said that this would build upon the standard product quality of local manufacturers, which in general “currently met international standards,” notably those of the big brands which use Thai leather.…

BY KEITH NUTHALL
THE MAIN complaint of demonstrators with metal bars through their noses who harangue international organisations such as the World Trade Organisation (WTO) is that they allow important decisions to be taken in secret that are binding on democratically elected parliaments.…

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 KEITH NUTHALL
THE EUROPEAN Commission is exploring alternative conservation methods to protect EU cod after the independent International Council for the Exploration of the Sea recommended closing some EU cod fisheries to prevent stocks collapsing.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is lending US$30 million to Brazilian footwear producer Sao Paulo Alpargatas S.A. (SPASA), to finance its on-going investment programme, modernising production facilities and increasing capacity. The company has been identified by the IFC as a company that would effectively use such finance; since 1997, it has improved performance and market position by upgrading product quality and lowering costs, notably through new manufacturing technologies and relocating production facilities to the impoverished north-east of Brazil, an area which the World Bank wants to help develop.…

BY ALAN OSBORN, in London, PHILIP FINE, in Montreal, and MATTHEW BRACE, in Sydney

WITH a new crackdown on counterfeiting being prepared by the

European Commission, some industry watchers will be surprised to hear that soft drinks is one the sectors that Brussels thinks needs close attention.…