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BY KEITH NUTHALL
CANADIAN alloy magnesium producer Magnola has been correctly charged 21.61% countervailing duties on its exports to the United States, a North American Free Trade Agreement (NAFTA) panel has ruled. It has found that the US Department of Commerce’s (DoC) decision to impose the duties was legal under NAFTA and “supported by substantial evidence on the record”.…

BY KEITH NUTHALL
THE EUROPEAN Union is being pressed to fund France’s plan to establish a European Digital Library as a rival to US-based Internet search engines such as Google, which wants to scan 15 million books. A second meeting of the library’s advisory council also heard that Germany, Spain, Poland, Hungary and Italy have formally agreed to be involved in the project.…

BY MATTHEW BRACE
FIGHTING money laundering is about getting your hands dirty. The Financial Action Task Force (FATF) may pronounce global standards that it would like jurisdictions to follow, but all governments need help, and often regional bodies are better placed to do the detailed work than more remote global organisations.…

KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending Euro 20.1 million to three Bulgarian banks to create a special fund financing small-scale domestic investments promoting energy efficiency and renewable-energy use. United Bulgaria Bank, Postbank and RZB Bulgaria are participating in the scheme which has been developed under the EBRD’s policy of helping Bulgaria deal with the forced decommissioning of its Kozloduy nuclear reactors.…

BY KEITH NUTHALL
THE UNITED Nations (UN) is warning African countries to prepare for an increase in demand for male circumcisions, after a French study suggested it could significantly cut male HIV infections. It said circumcised men were 63% less likely than uncircumcised men to be infected through sex with HIV-positive women.…

BY KEITH NUTHALL
KEMAL Dervis, a former Turkey economics minister has become the new United Nations Development Programme (UNDP) administrator. Meanwhile the Thai former World Trade Organisation chief Dr Supachai Panitchpakdi has become Secretary-General of UNCTAD, the UN Conference on Trade and Development.…

BY KEITH NUTHALL
THE UNITED Nations (UN) is warning African countries to gear up for a possible increase in demand for male circumcisions, after the publication of a study suggesting it could significantly cut male HIV infections. The French study of 3,273 South African men showed that circumcised men were 63% less likely than uncircumcised men to be infected through sex with HIV-positive women.…

BY KEITH NUTHALL
THE UNITED States will have to review countervailing measures it has imposed on privatised British and Spanish steel-makers after a World Trade Organisation (WTO) disputes panel ruled they were partly imposed in breach of WTO rules. The panel however rejected claims that the US had erred in a sunset review of measures imposed against France’s Usinor regarding certain corrosion-resistant carbon steel flat products, which should be allowed to stand.…

BY KEITH NUTHALL
THE UNITED States’ Distilled Spirits Council has congratulated the US Congress for approving the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) for opening central American markets to USA spirit exports. Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic will immediately abolish tariffs on US-produced whiskey and gin.…

BY KEITH NUTHALL
MYSTERIOUS species in deep previously unexplored ocean beds, which could provide vital pharmaceutical ingredients, might be endangered by researchers prospecting for samples, the United Nations University is warning. A study has called for international rules on this work so high-tech submarines do not damage sensitive and barely understood eco-systems.…