Despite sanctions

Ship loaded with Russian coal docks in Spanish port of Gijon

A Maltese-flagged ship carrying Russian coal and petroleum coke has docked in the northern Spanish port of Gijon, port authorities said on Monday. Another Maltese-flagged ship, loaded with Russian crude, docked in Cartagena, southern Spain, on Friday, authorities confirmed

The decisions

IACS revokes membership of Russian ship register

London - The International Association of Classification Societies (IACS) Council has agreed to exclude the Russian Maritime Register of Shipping (RMRS) from the IACS membership, “following the recent (…) developments in Ukraine"

The conflct in Ukraine

How Western sanctions might target Russia / EXPLAINER

The United States and its allies are coordinating new financial and economic sanctions on Russia after Moscow recognised two breakaway regions in eastern Ukraine as independent entities, officials said

When ISIS active

Ericsson shares drop after probe on graft in Iraq

The Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments and misconduct in Iraq. The company's investigation had identified payments made to use alternate transport routes in connection with circumventing Iraqi Customs

As part of the "Fit for 55" package.

The Commission proposal for the extension of the application of the ETS Directive to the maritime transport sector

Genova - The European Commission presented the so-called "Fit for 55" package in July of this year. The package includes a series of proposals and initiatives aimed at ensuring that EU policies are in line with the objective of reducing emissions into the atmosphere by at least 55% set by the EU for 2030, with the ultimate aim of pursuing climate neutrality by 2050

The deal

Global tax criticized for "no teeth"

Paris - A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that U.S. President Joe Biden said levelled the playing field

covid

EU Commission wants tougher rules for consumer credit deals

The proposal also includes caps on the total cost of creditand the annual percentage rate of charge, rules on tacitlyaccepted overdrafts and an obligation by the creditor or theprovider of crowdfunding credit services to assess thecreditworthiness of the consumer.

Under new NAFTA

U.S. unions lodge first Mexico labor grievance

Mexico City - U.S. unions on Monday filed the first labor rights petition against Mexico under a new regional trade pact, vying to bring a complaint against an auto parts company on the border that they say has denied workers the right to independent representation

As relations curdle

China suspends economic dialogue mechanism with Australia

Beijing - China "indefinitely" suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for their strained relations: "Some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination," China's NDRC said