International – Page 13 – City Business News

October 16, 2019 No Responses

Global Borrowing Now At Highest Level Since 1950s

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the...

October 11, 2019 No Responses

Commonwealth Trade Ministers Seek Reform Of WTO

Trade ministers from across the Commonwealth on Thursday made a commitment to resist all forms of protectionism, and to work urgently together towards reforming the World Trade Organisation, which sets the global rules for international trade.Following a meeti...

October 10, 2019 No Responses

Large LNG Sector To Sustain Growth Into 2020

Positive developments in the large LNG sector are expected to continue throughout the rest of 2019 and into 2020, according to a report from VesselsValue.The sector is being driven by increasing demand as more countries prioritize LNG as an energy...

October 9, 2019 No Responses

Nigeria, Luxembourg Stock Exchange Sign Green Bond Markets MoU

The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) on Wednesday announced the signing of a Memorandum of Understanding (MoU) to cooperate in promoting cross listing and trading of green bonds in Nigeria and Luxembourg.The announcement ...

October 9, 2019 No Responses

Automotive Expert Seek Review Of Renault-Nissan Alliance

Automotive Editor at GlobalData, David Leggett, on Wednesday called for a review of the Nissan-Renault alliance.Reacting to the appointment of new CEO for the group, Legget said: “Rumours are swirling in France that Renault is to consider the question of...

October 9, 2019 No Responses

Report: Shipping Confidence Drops As Trade Wars Intensify

Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to shipping adviser and accountant BDO.Yet owners, charterers and managers were more confident than they were at the time...

October 8, 2019 No Responses

Azerbaijan Tourism Board, Wego Seal Partnership

The largest online travel marketplace in the Middle East and North Africa (MENA), Wego has collaborated with Azerbaijan Tourism Board (ATB) to invite travellers from the GCC to take another look at Azerbaijan and experience its wide array of sights...

October 7, 2019 No Responses

Commonwealth Model Offers Hope For Easing Multilateral Trade Tension

By Patricia Scotland, Commonwealth Secretary-General Global uncertainties and tensions are escalating and affecting trade in every region. We see rising protectionism, while multilateral cooperation – including through the World Trade Organisation &#8211...

October 5, 2019 No Responses

Commonwealth Ministers Target $2tri Trade By 2030

Trade ministers and senior officials from 53 Commonwealth countries will gather in London on October 10, 2019 to explore modalities on how to achieve $2trillion trade by 2030. The Minister are also expected to put strategies in place for deepening....

February 12, 2019 No Responses

Group Unveils Maritime Connectivity Platform

The Maritime Connectivity Platform Consortium (MCC), an international consortium for the digitalization of maritime sectors, officially started operations with a signing ceremony. The goal of MCC will be to bring common internet standards to maritime navi...

February 9, 2019 No Responses

CMA CGM Concludes Acquisition of CEVA Logistics

The European Commission has given the green light to French shipping major CMA CGM to acquire Swiss logistics company CEVA Logistics. Following the approval, CMA CGM will acquire sole control of the Switzerland-based company. The commission concluded that...

February 8, 2019 No Responses

EU Adopts Proposal On Emissions From Maritime Transport

The European Commission has adopted a proposal to revise the EU system for monitoring, reporting and verification (EU MRV) of CO2 emissions from maritime transport. The system will be revised in order for the EU to take “appropriate account” of the globa...

January 13, 2019 No Responses

Commission Probes Terminal Operators

The Hong Kong Competition Commission has opened an investigation to assess whether the recently created alliance between several container terminal operators may restrict competition in Hong Kong. Recently, COSCO-HIT Terminals (Hong Kong) Limited (CHT), ...

December 23, 2018 No Responses

Court Confirms $1.8b Oil Spill Compensation

Spain’s Supreme Court in Madrid upheld the ruling that the insurer and the captain of the Prestige oil tanker are to pay EUR 1.6 billion (USD 1.8 billion) in compensation. Under the final ruling, handed down on December 20, the...