Search Results for: International business⊂mit=Search

BY RICHARD HURST, in Johannesburg
BIDDERS for the new international airport north of Durban South Africa have begun to stake claims in the project with interest being drawn from Swiss technology group ABB and the investment arm of Australia’s Macquarie Bank.…

BY KEITH NUTHALL
THE EUROPEAN Commission has called for EU legislation that would insist that passenger ferry companies take out compulsory insurance, which would cover them for no-fault strict liability claims of up to Euro 250,000 per passenger.

In a Communication, (discussion paper), “on the enhanced safety of passenger ships,” Brussels also suggests that if a carrier is at fault, unlimited liability should apply.…

BY KEITH NUTHALL
THE LONG awaited International Criminal Court is poised to become reality next year, with the statute underpinning its legality coming into force on July 1.

This follows the anticipated ratification of the court’s Rome treaty by at least 60 counties who signed the agreement, which was struck in 1998.…

BY MARK ROWE
INTERNATIONAL maritime authorities have savaged Cambodia’s shipping safety record and called for its flag to be banned from all trade. At least 25 Cambodia-registered ships have been wrecked or stranded since 1995 and there have been a further 41 collisions, nine fires and 45 arrests, according to shipping-records collator, Seaway Data.…

Keith Nuthall
THE MARITIME transport committee of the Organisation for Economic Cooperation and Development (OECD) has agreed that global guidelines should be drawn up which would allow legal negligence to be established when shipowners and charterers have taken advantage of sub-standard vessels.…

BY ALAN OSBORN
SIGNIFICANT changes in the international art market, with possibly adverse consequences for European museums, galleries and other art buyers, could follow from a case being brought by the European Commission against the world’s two leading fine art auction houses, Christie’s International plc in London and Sotheby’s Holdings, Inc of New York.…

BY KEITH NUTHALL
THE EUROPEAN Agency for Reconstruction, the EU organisation funding the rehabilitation of former war zones in the Balkans, is spending Euro 550,000 on rebuilding five traditional stone tower houses in Kosovo. Called kullas, they were constructed during the eighteenth and nineteenth centuries and are all in a state of disrepair because of war damage and lack of maintenance.…

BY MARK ROWE
MALAYSIA Airports Holdings (MAH) has launched a US$3.5m international campaign to make Kuala Lumpur International Airport (KLIA) a regional hub to rival Singapore. Many major carriers, including British Airways, Qantas and Lufthansa, have stopped flying to Malaysia in recent years but MAH intends to offer tax breaks and fifth freedom rights to allow airlines to pick up passengers while in transit in Malaysia.…

BY MATTHEW BRACE
TWO key mining research facilities in Australia are collaborating to devise a standard set of accounting practices for the industry. The international industry research association AMIRA, and the Julius Kruttschnitt Mineral Research Centre (JKMRC), at the University of Queensland, are establishing a practical and user-friendly system to suit all operations irrespective of the size, scale and type of ore involved.…

BY KEITH NUTHALL
THE EUROPEAN Agency for Reconstruction has awarded three new contracts to international consortiums to boost Kosovo’s electricity sector, which relies on the province’s coal mines. In particular, the agency has awarded a Euro 9 million contract to a SwedPower led group, to give training, management support and technical assistance to Kosovo electricity company KEK, notably so it can better manage its coal supplies.…