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BY KEITH NUTHALL
CRIMINALS are still fleecing the European Union’s budget of hundreds-of-millions of Euro, according to the latest European Commission fraud report. But Brussels is refusing to throw in the towel, unveiling more anti-fraud proposals, Keith Nuthall reports.

THE ANNUAL report on the Protection of the Communities’ (EU’s) Financial Interests and the Fight Against Fraud always seems to have been misnamed, in that it usually focuses on how much money the European Union has been losing to fraudsters, rather than saving.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo, Sri Lanka
THE PRESIDENT of the Indian Footwear Components Manufacturers’ Association has asked the New Delhi government to set up a Rupees 1,000 million technology modernisation fund to help the sector “face international competition and gain confidence.”…

BY MONICA DOBIE
DALLAS based Hunt Oil Co. has taken over Chieftain International Inc., an Edmonton-based and Canadian-owned natural gas producer, with assets in the Gulf of Mexico, for CAN$915-million. Hunt is offering US$29 in cash for each Chieftain share and is to assume US$15-million of debt.…

BY KEITH NUTHALL
FARMERS and food industry cooperatives have been encouraged by the European Commission to use the Internet as a way of improving communications with fellow producers, processors, distributors and customers.

Speaking to the Praesidium of EU cooperative movement COGECA, information society commissioner Erkki Liikanen urged these rural industries not to miss out on the opportunities offered by the development of e-commerce technologies.…

BY KEITH NUTHALL
The International Maritime Bureau of the International Chamber of Commerce has called for increased port controls by Gulf states in a bid to stop unseaworthy vessels smuggling oil out of Iraq and leading to collisions and oil spills.…

BY KEITH NUTHALL
DIFFERENTIAL pricing in world pharmaceutical markets has been backed by a joint workshop involving the World Trade Organisation, the World Health Organisation, the Global Health Council and its national host, Norway.

A report released from the meeting has born out a general consensus reached by participants that “differential pricing could, and should, play an important role in ensuring access to existing essential drugs at affordable prices, especially in poor countries, while allowing the patent system to continue to play its role of providing incentives for research and development into new drugs.”…

BY KEITH NUTHALL
THE GOVERNMENT of Canada has formally made an application to host the ITER international fusion test reactor, at a site near Clarington, Ontario. Ottawa’s move was made in Moscow by its ambassador to Russia, Rod Irwin, in the presence of representatives of other countries involved in the project; it is the first such bid.…

BY KEITH NUTHALL
INTERNATIONAL guidelines to prevent the future spread of BSE around the world have been agreed by a joint meeting of the World Health Organisation, the UN Food and Agriculture Organisation and the Office International des Epizooties, the world’s animal health organisation.…

BY ALAN OSBORN
In a test of national and international procedures to be followed after a nuclear accident, a simulated emergency has been carried out at the French reactor at Gravelines, near the border with Belgium across the English Channel. The test, which took place on May 22-23, involved “small plume of radioactivity being vented from the reactor, covering an evacuation area of 10 kilometres radius,” said David Kyd, spokesman for the International Atomic Energy Agency.…

BY KEITH NUTHALL
A GLOBAL Forum on Food Safety Regulators is to be staged by the UN Food and Agricultural Organisation and the World Health Organisation in October, 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.”…