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International Chamber of Commerce Newswire

  • Published on Jul 11, 2025

    US tariff rate may be more than 20% after latest round, global business group says

    By Josephine Mason LONDON (Reuters) -U.S. consumers face an effective U.S. tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce has estimated following President Donald Trump's import levy announcements …

    Source: Yahoo Finance - Center-left
  • Published on Jul 11, 2025

    Kazakhstan Engaged in Legal Disputes with 20 Foreign Companies

    Kazakhstan is currently involved in 20 legal disputes with foreign companies, a decrease from 26 cases in 2023, according to Yerlan Musabayev, Acting Director of the Department for the Protection of State Property Rights under the Ministry of Justice. “As …

    Source: Times of Central Asia - Neutral
  • Published on Jul 11, 2025

    Court nullifies ICC arbitration in Tempo Energy suit against Aiteo

    The Federal Capital Territory (FCT) High Court in Abuja has nullified the arbitration proceedings instituted at the International Chamber of Commerce (ICC), London, against Aiteo Eastern E&P Company Limited by a consortium of lenders that financed its …

    Source: Premium Times - Neutral
  • Published on Jul 11, 2025

    Breach of Injunction: Court Nullifies $2bn ICC Arbitration in OML 29 Dispute

    •Awards N1m cost against two defendants Wale Igbintade Justice S.B. Belgore of the Federal Capital Territory (FCT) High Court, Abuja, has nullified arbitration proceedings initiated at the International Chamber of Commerce (ICC), London, against indigenous …

    Source: This Day - Pro-Government
  • Published on Jul 11, 2025

    Chevron Cuts Layers, Eyes Guyana and Growth

    Cost-cutting among energy companies is all the rage today. Oil prices are stable, but memories of recent devastation are still fresh, so Big Oil is cutting costs to stay in shape. One way to do it: centralize operations, which is what Chevron is doing …

    Source: Oil Price - Neutral
  • Published on Jul 10, 2025

    Court nullifies Shell, AFC, others’ ICC arbitration against Tempo

    The High Court of the Federal Capital Territory, Abuja, has nullified ongoing arbitration proceedings at the International Chamber of Commerce, London, initiated against indigenous oil firm, Aiteo Eastern Exploration and Production Company Limited, by a …

    Source: Punch - Indeterminate
  • Published on Jul 10, 2025

    Trump tariffs: Businesses demand lobbyist for negotiations

    Leaders of major business chambers and trade bodies yesterday expressed concern to the government about the 35 percent tariff levied on Bangladesh by the Trump administration as the new rate of duty will severely affect trade with the US. Bangladesh …

    Source: Daily Star - Neutral
  • Published on Jul 10, 2025

    Navigating ‘Incoterms’ in Global Trade Transactions

    All companies and executives engaged in global trade must deal with the utilization of Incoterms (International Commercial Terms) in their purchase orders and export sales agreements. Incoterms are a set of standardized rules that define the responsibility …

    Source: Aftermarket News - Ohio - Pending
  • Published on Jul 10, 2025

    AVPN Appoints Achal Agarwal as New Chair of the Board

    Singapore (ANTARA/PRNewswire)- AVPN, the largest network of social investors in Asia, announced the appointment of Achal Agarwal as the new Chair of its Board of Directors, effective 1 July 2025. He succeeds Veronica Colondam, who has served as Chair …

    Source: Antara - Pro-Government
  • Published on Jul 10, 2025

    Court Nullifies Shell, AFC, Others’ ICC Arbitration In Tempo Energy Suit Over OML 29

    0 A Federal Capital Territory (FCT) High Court in Abuja has nullified arbitration proceedings at the International Chamber of Commerce (ICC), London, instituted against an indigenous energy company, Aiteo Eastern E&P Company Limited, by a group of …

    Source: Daily Independent - Pending
  • Published on Jul 10, 2025

    Court nullifies arbitration proceedings in Tempo Energy suit

    A Federal Capital Territory (FCT) High Court, Abuja, has nullified the arbitration proceedings at the International Chamber of Commerce (ICC) London, in an application brought before it by Tempo Energy Nigeria Ltd. Justice S.B. Belgore nullified the ICC …

    Source: The Guardian (Nigeria) - Neutral
  • Published on Jul 10, 2025

    ICC and WCO release trade facilitation recommendations for enhanced integrity at borders

    US$1.2 to US$1.5 trillion. That's the staggering annual cost of bribery alone – equal to roughly 2% of annual global GDP. But bribery represents just one facet of corruption's devastating impact. The true cost runs far deeper, undermining the very …

    Source: World Customs Organization - Gov't Institution
  • Published on Jul 10, 2025

    Court voids Shell, AFC-backed ICC arbitration in dispute over OML 29 acquisition

    BY VIVIAN MICHAEL A High Court of the Federal Capital Territory (FCT), Abuja, has nullified arbitration proceedings initiated at the International Chamber of Commerce (ICC), London, in connection with the acquisition of Oil Mining Lease (OML) 29 by Aiteo …

    Source: New National Star - Indeterminate
  • Published on Jul 9, 2025

    Engineers & Planners and the Black Volta Victory: Ghana’s We...

    The recent resolution of the legal dispute between Engineers & Planners (E&P) and Azumah Resources at the International Chamber of Commerce (ICC) is much more than just a typical corporate settlement, it’s a significant milestone for Ghana’s …

    Source: Modern Ghana - Neutral
  • Published on Jul 9, 2025

    In Landmark Ruling, Court Nullifies ICC Arbitration Proceedings Against Aiteo E&P in Tempo Energy Suit

    July 09, (THEWILL) — A Federal Capital Territory (FCT) High Court, in Abuja, has nullified the arbitration proceedings at the International Chamber of Commerce (ICC), London, instituted against indigenous energy giant, Aiteo Eastern E&P Company Limited …

    Source: The Will - Neutral
  • Published on Jul 9, 2025

    Exporters urge Sri Lankan Government to uphold transparent trade practices

    The Joint Chambers of Commerce urged the Government of Sri Lanka to engage in meaningful consultation with all recognized industry chambers before making decisions that directly impact trade, exports, and the wider economy. The call comes in response to …

    Source: Colombo Gazette - Pending
  • Published on Jul 9, 2025

    Hess exits Suriname’s offshore Block 59

    US-based oil and gas company Hess has announced its decision to relinquish its interest in Block 59 offshore Suriname. The block will revert to the state oil company Staatsolie and will become available for new contracts. After fulfilling its minimum work …

    Source: Offshore Technology - Neutral
  • Published on Jul 9, 2025

    Incoterms 101: The Basics of International Trade

    Fluency in Incoterms® is helpful for any contractor or materials supplier engaged in international trade. Most recent articles discussing construction and international trade emphasize how tariffs can increase construction costs and create project delays. …

    Source: National Law Review - Neutral
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