International Customs

ROME: The Italian Revenue Agency has revealed that the unified property tax gap – the gulf between theoretical and actual...

Italy, Switzerland sign agreement to exchange tax-relevant information deal

ROME: Italy and Switzerland signed an agreement to exchange tax-relevant information as part of wider negotiations on contentious financial issues...

Turkish car maker Tofaş approves $70m investment on mini cargo facelift project with FCA Italy

ROME: Turkish car maker Tofaş approved the mini cargo facelift project for light commercial vehicles with FCA Italy, under which...

Germany govt budget records surplus of 11.4 billion euros in 2014

BERLIN: Germany public finances were back in the black in 2014, when Europe's biggest economy clocked up a surplus equivalent...

Taiwan, US sign MoU to eradicate human smuggling

TAIPEI: A memorandum of understanding to combat human smuggling and trafficking was signed here the other day in Washington by...

Hong Kong Customs seizes illicit 1,148 elephant tusks worth $2.25 million

HONG KONG: Customs officials in Hong Kong announced one of the largest seizures of smuggled ivory ever made in the...

Zendesk plans to launch new European data centre in Germany

BERLIN: Zendesk announced plans to launch a new European data centre in Frankfurt beginning in the second quarter of 2015...

Carrying illegal cargo: Indonesia Customs seizes freighter from Malaysia

JAKARTA: The West Tanjung Jabung Customs and Excise Office in Jambi has impounded a freighter from Malaysia, Sinar Rizki, believed...

Xiamen Customs seizes crocodile specimen on Gaoqi Airport on flight KL883 from Amsterdam

AMSTERDAM: Xiamen Customs at Xiamen Gaoqi Airport seized a crocodile specimen from a passenger’s luggage. It is the first time...

Germany offers 390.3m euros for Kenya development

BERLIN: Germany committed 390.3 million euros towards Kenya’s development between 2010 and 2013. Kenyan Foreign Affairs Minister Ambassador Amina Mohammed...

German business confidence rises for 4 month on opitmism over ECB stimulus for Greece

BERLIN: German business confidence rose for a fourth month as faster economic growth and optimism over European Central Bank stimulus...

HSBC chief executive Stuart Gulliver receives £7.6m in pay, bonuses in 2014

BRUSSELS: HSBC chief executive Stuart Gulliver received £7.6m in pay and bonuses last year, as the bank issued a fresh...

Malaysia Customs fines RM45,000 to man, seizes illicit 605kg fireworks

TAWAU: A local man, in his 30s, was fined RM45,000 for having in his possession 37 boxes of fireworks worth...

HSBC posts 17% drop in profit to $18.7 billion in 2014

BRUSSELS: HSBC has said that 2014 was a “challenging year” after reporting a 17% drop in profit to $18.7bn (£12.2bn)....

Vietnam’s FIEs share of GDP, investment going pretty positive

HANOI: Vietnam’s Ministry of Industry and Trade (MoIT) Vu Huy Hoang recently discovered in a meeting based on analysis of...

Vietnam police apprehend 5 nationals in human trafficking case

HANOI: A joint investigation led by the task force of the Metropolitan Police Department (MPD) and Chiba Prefectural Police has...

Large number of UK-based SMEs to visit Qatar annually: British Minister

DOHA: A large number of UK-based small and medium entrepreneurs (SMEs) are expected to visit Qatar every year with the...

Kuwait DGDC seizes contraband 300grams meth, 50 narcotic pills, 1kg hashish

KUWAIT CITY: A Kuwaiti citizen and an unidentified expatriate were arrested in possession of one kilogram of hashish, 300 grams...

Two Taiwanese nabbed in Australia for 12kg meth smuggling

TAIPEI: Two men from Taiwan face life in an Australian prison after they were arrested for allegedly trying to smuggle...

HK Customs seizes largest batch of illicit motorcycles worth $541,935