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BY KEITH NUTHALL
*The European Investment Bank (EIB) is lending Euro 150 million to a special fund to counter the damage caused by the Prestige disaster in Galicia, Asturias and Cantabria. It will be operated by local savings banks and cover recovery project costs.…

BY KEITH NUTHALL
THE MEXICAN government has launched the first stage of disputes proceedings at the World Trade Organisation, (formal talks), over claims that the reimposition by the United States of anti-dumping duties on its exports of oil country tubular goods broke global trading regulations.…

BY PHILIP FINE and KEITH NUTHALL

THE UNITED States is calling for countries to offer up more information on their legal pharmaceutical and bulk chemical industries so as to better catch those who are using them for illegal purposes.

In its comprehensive annual report on worldwide drugs activities, the US State Department places some of the blame for many legal chemicals ending up in the hands of illicit drug manufacturers, on government political structures.…

BY PHILIP FINE

THE EXTRAORDINARY efforts by the American government to thwart terrorist financing have been leaning heavily on the USA’s financial services industry,

which continues to bear the brunt of the new anti-money laundering legislation.

Noone was surprised that the US government set its sights on the banks when it enacted legislation to make it more difficult for criminals to launder their illicit money or for terrorists to soil their clean money.…

BY KEITH NUTHALL
A LEGALLY binding convention has been drawn up by the United Nations Economic Commission for Europe (UNECE) that insists on compensation being paid out for industrial accidents damaging rivers, lakes and seas that span national boundaries. The legal instrument – which should be formally approved in May – gives victims of such accidents, (such as fishermen or water companies), the right to make compensation claims, even then the polluter is in another country.…

BY ALAN OSBORN
WITH international financial institutions being firmly in the mainstream of the world financial system, they can no more ignore the presence of money-laundering than they can that of poverty or hunger. We are talking here of global aid and development agencies like the World Bank, the International Monetary Fund and the regional development banks.…

BY KEITH NUTHALL
THE UNITED States has announced its first offer of reductions to food duties in its bid to create a 34-country Free Trade Area of the Americas pact. It plans to slash duties on 56 per cent of agricultural imports from north and south American countries by 2005 (ignoring those from Canada and Mexico) and expects reciprocal offers.…

BY KEITH NUTHALL
A LEGALLY binding civil claims code has been drawn up by the United Nations Economic Commission for Europe (UNECE) that insists on compensation being paid out for industrial accidents damaging rivers, lakes and seas that span national boundaries.…

BY KEITH NUTHALL
NUCLEAR energy security experts have called at a conference in Vienna, Austria, for improvements in international security standards for the protection of radioactive sources that could help make a terrorist ‘dirty bomb’. This International Conference on Security of Radioactive Sources was staged by the United Nations’ International Atomic Energy Agency.…

BY KEITH NUTHALL
TWO international organisations have highlighted opportunities for European water companies, which may be called upon in the next few decades to boost supplies to arid parts of the world, notably the Middle East.

The UN Educational, Scientific and Cultural Organisation’s (UNESCO) World Water Development Report says this region is the poorest in terms of water availability, with Kuwait being the most parched (10 m³ is available per person annually), followed by Gaza Strip (52 m³), the United Arab Emirates (58 m³), Bahamas (66 m³), Qatar (94 m³), Maldives (103 m³), Libya (113 m³), Saudi Arabia (118 m³), and Malta (129 m³).…