U.S. Trade Representative Katherine Tai announced, and then immediately suspended, new Section 301 tariffs on goods from multiple countries as part of its one-year investigation of digital service taxes (DSTs).
The new tariffs, which will be set at 25 percent if reinstated, are in response to taxes levied by Austria, India, Italy, Spain, Turkey, and the United Kingdom on revenue generated by “non-resident” companies offering digital… Read More
The former bookkeeper of a New Bedford, Massachusetts, U.S.A.-based seafood company who reached a plea deal in January for embezzling nearly USD 600,000 (EUR 491,257) from her employer has been sentenced to 18 months in prison and a fine of nearly USD 780,000 (EUR 638,646).
Kara Howland, of New Bedford, was sentenced by U.S. District Court Judge Denise J. Casper after she pleaded guilty to bank fraud and filing a false tax return in January.… Read More
A global movement to create additional marine protected areas (MPAs) has been steadily gaining traction in recent years, with the initiative picking up milestone victories in the past few months.
In January, newly inaugurated U.S. President Joe Biden signed an executive order committing to a “30 by 30” goal, whereby the United States would designated 30 percent of its land and territorial waters to conservation by the year 2030.… Read More
A lawsuit filed by a company specializing in vinyl flooring against the U.S. Section 301 tariffs on goods from China has led to a slew of other American companies following suit.
Norwalk, Connecticut, U.S.A.-based HMTX Industries and its affiliated companies filed a complaint at the U.S. Court of International Trade (CIT) in September 2020 that challenges the authority of former U.S. Trade Representative (USTR) Robert Lighthizer. The lawsuit… Read More
Dallas, Texas, U.S.-based NaturalShrimp has announced the acquisition of assets of F&T Water Solutions, LLC.
The USD 10 million (EUR 8.1 million) purchase includes 49 percent of Natural Aquatic Systems owned by F&T, in addition to patents on the electro-coagulation system and the associated equipment and processes owned 50 percent and 100 percent by F&T, respectively.
“This acquisition represents the final phase of our joint… Read More
An international group of marine scientists have called on G7 countries to prioritize planning ocean protections at the next summit, to take place in Cornwall, England, next month.
The scientists’ statement, dubbed “Seven Asks for the G7,” includes a list of seven actionable steps that could be taken to protect the oceans. Those steps, according to the letter, are central to addressing climate change and supporting “human… Read More
Balaton, Minnesota, U.S.A.-based trū Shrimp Company has announced the appointment of Sidney W. “Chip” Emery to its board of directors.
Emery joins trū Shrimp with a background of operations and management positions at Honeywell and Bendix, in addition to 10 years as chairman and CEO at MTS Systems. Recently, according to trū Shrimp, he sold his company – Supply Chain Services – to “pursue new opportunities to add… Read More
A new study published in Nature has found that protecting key areas of the ocean would increase overall catch, help reduce carbon emissions, and protect biodiversity.
The study, “Protecting the global ocean for biodiversity, food and climate,” found that an increase in protected areas of the ocean could potentially protect biodiversity, increase the yield of fisheries, and secure marine carbon stocks at risk from human activity. The… Read More
Bergen, Norway-based Salmon Group has announced it has scrapped its deal with Metapod to develop a locally-produced protein source featuring insects.
Under the original agreement, Metapod was going to produce insect flour from grasshoppers and crickets, to be used in the Salmon Group’s network of salmon and trout farms. The process was also going to use refined food waste, with an overall goal – Salmon Group said when the deal was… Read More