Crackdown on crime profits - EUbusiness Week newsletter 566
EUbusiness Week 566 top stories: Europe ends beef trade war with US, Canada; WTO orders US to halt Boeing subsidies; WTO action filed on China's rare earth controls; Inheritance simplified under new cross-border EU rules; SWIFT to cut services for Iran firms blacklisted by EU; Resistant food bacteria strains now common: EU study
This Week's Top Stories
1. Europe ends beef trade war with US, Canada
2. WTO orders US to halt Boeing subsidies
3. WTO action filed on China's rare earth controls
4. Inheritance simplified under new cross-border EU rules
5. SWIFT to cut services for Iran firms blacklisted by EU
6. Resistant food bacteria strains now common: EU study
Publisher's Note
The European Commission this week proposed new rules to allow more
effective and widespread confiscation of the profits of crime. The
proposals should help Member States confiscate assets transferred to
third parties; confiscate assets when the suspect has fled; and
temporarily freeze assets if they risk disappearing if no action is
taken.
With EU sales of illicit drugs generating an estimated EUR 100bn
per year, and the Italian mafia benefiting from around EUR 150bn
annually, crime should not pay so much. And if its profits can be
returned to the legal economy, this will not be unwelcome in current
times of crisis.
More ...
Regards,
Nick Prag
Publisher, EUbusiness
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1. Europe ends beef trade war with US, Canada
Europe on Wednesday ended a two-decade beef trade war with the United
States and Canada by increasing imports of high-quality meat while
keeping a ban on hormone-treated beef.
More ...
2. WTO orders US to halt Boeing subsidies
The World Trade Organization has ordered the United States to halt
unfair subsidies and tax breaks to planemaker Boeing, judging them to
have damaged European rival Airbus.
More ...
3. WTO action filed on China's rare earth controls
The US, EU and Japan teamed up Tuesday to lay assault to China's
controls on exports of rare earth minerals, which are crucial in
high-tech manufacturing.
More ...
4. Inheritance simplified under new cross-border EU rules
EU cross-border inheritance headaches will be simplified under new
proposals for heirs of the half a million people who die each year
leaving property and accounts in more than one Member State.
More ...
5. SWIFT to cut services for Iran firms blacklisted by EU
EU countries agreed Thursday to ban financial transfers such as SWIFT
payments to hundreds of Iranian firms and individuals blacklisted over
Iran's contested nuclear drive.
More ...
6. Resistant food bacteria strains now common: EU study
Bacteria that cause the main food-borne infections among people in the
EU commonly show resistance to widely-used antibiotics and
antimicrobials, an EU report shows.
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EUROPEAN LAW
Estonia: Estonia's ombudsman asked the top court on Monday to decide if
parts of the European Union's new bailout fund is in line with the
Estonian constitution.
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Myanmar tycoon's son wins challenge on EU sanctions
Latest Court of Justice judgements
EU Law Firms
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Inside the EU Institutions
Council Watch
Kosovo: A spat between Belgrade and Pristina about the way Kosovo is
represented in regional meetings has flared again despite an EU-brokered
deal hammered out last month.
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No military solution in Syria: ministers
Europe's right 'doesn't like me': French Socialist Hollande
EU nations, including France, laud chief diplomat Ashton
Council ...
Commission Watch
Hungary: the EU decided Tuesday to freeze 495 million euros in funds
promised to Hungary next year if the country fails to put its public
finances in order within three months.
More ...
Macedonia EU integration in 'new phase': Commissioner
Asia flood victims to receive extra EUR 11m in EU aid
Commission ...
Euro-Parliament Watch
Dutch website: MEPs have called on the Dutch government not to turn a
blind eye to a far-right party's policies and to investigate if its
anti-immigrant website incites hatred.
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Euro-MPs urge end to Sinai human trafficking
In plenary this week, MEPs urged Russia's Vladimir Putin to engage in
dialogue with protestors, and called for rapid action to tackle the
Schmallenberg virus. They also said they wanted Iceland to join the EU
and called for a date for the former Yugoslav Republic of Macedonia to
start accession talks. However, they voiced concern at the limited
progress of Bosnia and Herzegovina as a potential candidate.
Parliament ...
EU diary
12-15 Mar, European Parliament plenary session
16 Mar, Foreign Affairs Council meeting (trade issues)
19-20 Mar, Agriculture and Fisheries Council
22-23 Mar, Transport, Telecommunications & Energy Council
The Week Ahead
Long-term diary
RESOURCES
EU Law Firms
Summaries of EU Legislation
EU Decision-Making
Treaties of the European Union
Key EU Legal Terms
Other news on EUbusiness this week
IMF approves second rescue loan for Greece 15-MarRussia ban on EU pig imports stirs trade panic 15-Mar
EBRD eyes EUR 2.5bn investment in 'Arab democracies' 15-Mar
Slovenia freezes ACTA ratification 15-Mar
Airbus says Indian market needs 1,043 planes 15-Mar
EU probes telecoms giants over possible collusion 14-Mar
New G20 measure shows slower global growth in 2011 14-Mar