International Customs

TAIPEI: Mercuries Life Insurance Co said its embedded value (EV) reached NT$91.04 billion (US$2.98 billion) as of the end of...

Zimbabwe maintains ban on scrap metal exports

HARARE: Zimbabwe said this week it will maintain a decade-long ban on unlicensed exports of scrap metal in order to...

Malaysian authorities probe involvment of Customs officers in smuggling

KOTA KINABALU: Senior state Customs officers with millions of ringgit in their bank accounts are being probed while two major...

Hong Kong Customs seizes smartsphones, electronics in sampan boats

HONG KONG:Two sampans loaded with HKD4 million-worth of smartphones and electronics have been intercepted in a small river between Hong...

Greece Customs seizes 12.3m illegal cigarettes at Piraeus port

ATHENS: Customs officials arrested a 30-year-old Armenian man at Piraeus port on Friday after discovering more than 1,230 cardboard boxes...

Revenue of Mercabarna companies in Spain up 3% in 2014

MADRID: According to estimations of the Mercabarna Wholesalers' Association (Assocome), its food businesses closed 2014 with a 3% increase in...

Ecclestone to fight £1b tax bill

BERN: Bernie Ecclestone has vowed to fight after Her Majesty's revenue and Customs decided to tear up a settlement deal...

MNB fines three financial institutions HUF 7.5m

BUDAPEST: The National Bank of Hungary (MNB) fined MKB Bank HUF 4 million, Aegon Magyarország Hitel HUF 1 million and...

Paks port to be developed for HUF 2.5b

BUDAPEST: The Paks port on the Danube, near Hungaryʼs sole nuclear power plant, is expected to undergo developments worth HUF...

General government deficit comes close to 70% of full-year target in April 2015

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National...

Portugal gets bids from 3 bidders for struggling flag carrier

LISBON: Portugal's government has received three bids for the struggling state-owned flag carrier TAP in its second attempt to privatise...

Lower energy prices to increase competitiveness in Jordan this year

AMMAN: Key contributors to Jordan’s growth are expected to be stronger construction activity and mining exports as well as higher...

Companies at World Economic Forum in Jordan commit to train 100,000 youth

AMMAN: With more than half of its population under 25 years of age and the world’s highest regional youth unemployment...

Former Helsinki drug squad head charges of smuggling

HELSINKI: The former head of the Helsinki drug squad faced prosecution demands on Tuesday he be jailed for up to...

Elektrobit to sell its automotive business at a cost of €600m

HELSINKI: The Oulu-based engineering company Elektrobit Corporation has agreed to sell its automotive business to Continental AG for 600 million...

Denmark unveils plan to expand e-commerce business abroad

COPENHAGEN: The Danish government on thursday launched an action plan with six initiatives in a bid to expand e-commerce business...

Taiwan unemployment drops to 3.63% in April

TAIPEI: The nation’s unemployment rate dropped to 3.63 percent last month, the lowest in 15 years for April, as companies...

Philippine Customs seizes 20,000 liters of illegal diesel

MANILA:The Bureau of Customs, along with members of the Philippine Coast Guard, confiscated at least 20,000 liters of suspected smuggled...

Kenya: Diamond Trust Bank to open branches in Madagascar and DRC

NAIROBI: Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by...

Southern fruit festival to feature 150 varieties