(CNN) – On January 30, a Hague ruling found that a Royal Dutch Shell subsidiary was in part to blame for oil pollution of the Niger Delta. Shell had alleged that criminals – who dug up its pipelines and drilled holes to steal product – were the root of the problem.
Peter Voser, Royal Dutch Shell CEO, spoke with CNN’s Nina dos Santos with his reaction to the court finding that all “all four cases were sabotage” and “not done by Shell”. Voser added the company applies global standards to its operations and the Nigeria incident “will not change the way we do business”.
(CNN) - This week the European Union Chamber of Commerce released this survey on Chinese investor perceptions of Europe.
The study, which drew responses from 74 Chinese enterprises that have already invested in the EU, found that a full 97% would make future investments in the region; however 78% of those surveyed said they faced operational difficulties, mostly related to bureaucracy and high costs.
Pauline Chiou, CNN’s World Business Today anchor, spoke with Davide Cucino for his own reflections on the survey. The President of the European Union Chamber of Commerce said a transparent regulatory framework, good opportunities for merger and acquisition operations and a large market of 500 million potential consumers makes Europe an “ideal place to do business”.
While China demands more than a 50% stake in any Western company that sets up operations in Asia’s largest economy, the EU’s Cucino says the business environment of Europe will be “resiliently open”.
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