Search Results for: South Africa

BY MONICA DOBIE, in Ottawa
PENNSYLVANIA based chocolate giant, Hershey, has announced it will close its plant in Smiths Falls, Ontario, 60km south of Ottawa, after 44 years in operation. Roughly 500 people will lose their jobs. The phased shut down will begin late 2007, continuing into 2008.…

BY KEITH NUTHALL
THE SOUTH Asian tsunami did not just destroy homes and businesses – it wrecked schools, social clubs, and sports facilities. Now a donation of 50,000 footballs has been made to encourage sporting fervour in Aceh, Indonesia, the region worst hit by the disaster.…

BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has re-imposed definitive antidumping duties on imports into the European Union (EU) of certain polyethylene terephthalate (PET) from India, Indonesia, Malaysia, South Korea, Thailand and Taiwan, as proposed by the European Commission.…

BY ANDREW SALMON, in Seoul
LAST October, South Korea was admitted as an observer to the world’s premier group of money laundering fighters – the Financial Action Task Force (FATF) and given the nation’s recent moves to strengthen its anti-money laundering regime its path to full membership in approximately two years appears smooth.…

BY MARK ROWE
CLIMATE change, the general scientific consensus now holds, is taking place, and will continue to do so even were we to stop our fossil fuel emissions overnight. And while there may be jests to the effect that hotter summers would be good news for drinks manufacturers, the reality is that the drinks sector faces as many challenges as any other industry, both in terms of ingredient and energy supplies, production adjustments and related commercial issues.…

BY KEITH NUTHALL
EUROPEAN Union (EU) fishermen will be able to harvest 10,000 tonnes of tuna and related species from Mozambique Indian Ocean waters from this year to 2012, under a new agreement negotiated by the European Commission. This new fisheries partnership agreement, replaces an agreement spanning 2004-6, assuming it is rubber stamped by EU ministers.…

BY KEITH NUTHALL
A EUROPEAN Union (EU) research project called VASOPLUS is developing a new drug that can promote the formation of blood vessels in damaged hearts, without the usual side effects generated by such medicines. The initiative, which includes scientists from Belgium, Germany, Italy and South Africa, has been focusing on a signaling protein called ‘placental growth factor’ (PlGF), which controls blood formation within essential organs.…

BY KEITH NUTHALL
CHINA, India and Japan have joined the 10 Association of South East Asia Nations (ASEAN) countries, Australia, New Zealand and South Korea in signing the Cebu Declaration on East Asian Energy Security, on promoting energy sustainability. Although the pact includes no binding targets on emissions reduction, it strongly urges biofuel and other alternative energy sources development.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending Euro 10 million to steel company SC Donasid to help it upgrade its steel billet plant at Calarasi, south-east Romania, expanding production from a current 300,000 tons per year to its full potential of 450,000 tons.…

BY ALAN OSBORN
IT’S had a somewhat laborious beginning but at long last it seems that the West African regional body for fighting money laundering – formally known as the Groupe Inter-gouvernemental d’Action contre le Blanchiment en Afrique (GIABA) – is ready to begin operations in earnest.…