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Singapore will review its 80 bilateral agreements on avoiding double taxation to ensure they do not help companies avoid paying tax where relevant business activity took place. This follows its signing the Organisation for Economic Cooperation & Development (OECD)-sponsored Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.…

SINGAPORE Airlines has launched ‘green package’ for its San Francisco-Singapore route, with planes burning a biofuel-kerosene blend, with the biofuel component including used cooking oils. The flights, which began on May 1, also use the airline’s most fuel-efficient aircraft, with special efforts to optimise flight paths and air traffic management to cut fuel consumption and carbon emissions.…

Ethiopia airlines, the largest cargo carrier in Africa, is close to completing its cargo terminal expansion as part of a major infrastructure upgrade at Addis Ababa Bole International Airport, serving the Ethiopian capital.

Ethiopian Airlines, with its fleet of two Boeing 757Fs and six Boeing 777Fs, requested the new facility to accommodate increased volume growth and transit traffic.…

THE NETHERLANDS-based Hendrix Genetics plans to build a complex producing hatching eggs for turkey chicks in Russia this year, according to the Russian ministry of agriculture.

Ina report, it has said the new complex will be able to produce 6.5 million hatching eggs per year, and the potential to increase volumes in future.…

EUROPEAN electricity industry federation Eurelectric hews closely to the views of its national associations, so when all but two of its members made a commitment in April (2017) not to fund investments in new-build coal-fired power plants after 2020, the energy sector can be sure this is a solid promise.…

SOUTH Africa has more than 30,000 flowering plant species including 10% of the world’s higher species, providing fertile ground for an organic and natural cosmetic and toiletry industry and market.

Combine the natural ingredients with a burgeoning middle-income society with increasing numbers of consumers seeking healthier lifestyles and it is no surprise that sales of these products are increasing.…

TECHNOLOGY per se is not enough to roll out connected cars in Europe, experts from the auto sector and the European Union (EU)’s executive body the European Commission agreed at last week’s ‘Connected Cars Europe 2017’ conference in Brussels. The key, speakers told the May 11 event, is connecting automobiles to their commercial and social environment and getting all actors on board.…

THE EUROPEAN Commission has announced it is spending EUR17.3 million on five projects promoting innovative gas-related infrastructure projects in Europe. The money will come from the European Union’s (EU) Connecting Europe Facility (CEF), a funding programme designed to create economic growth, jobs and competitiveness through targeted infrastructure investment.…

A case detected last May (2015) at Lisbon international airport, Portugal, says much for the worrying scale of the laundering of illicit funds from Europe into mainland China. A nondescript Chinese couple travelling from Lisbon to Shanghai via the United Arab Emirates’ (UAE) Dubai was stopped carrying more than EUR1 million in large denomination notes found elaborately wrapped in ‘danger, chemicals’ packaging within packets marked ‘FRAGILE’.…

EUROPEAN Union (EU) pig meat producers were big winners in boosting export sales over between last March (2016) and February (2017), according to the European Commission, with receipts rising by more than 33% compared to the same period last year. The EU pigmeat sector earned EUR5.4 billion in export earnings from March 2016 to February 2017, EUR1.35 billion more than the same period in the previous year, leading the United States and Canada as the second and third most important pigmeat exporters, reported EU statistical agency Eurostat.…