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EU agrees law to hit fossil fuel imports with methane emissions limit

EU agrees law to hit fossil fuel imports with methane emissions limit

Wed, Nov 15, 2023

The law will now be put to the European Parliament and EU countries for final approval. That step is usually a formality that waves through pre-agreed deals.

Australia says EU trade deal is likely years away after rejecting terms

Australia says EU trade deal is likely years away after rejecting terms

Mon, Oct 30, 2023

Australia's agriculture minister, Murray Watt, said the EU - one of the world's largest markets - had only slightly tweaked the proposal it put on the table three months ago.

EU seeks to ease US tariff, green subsidy threats

EU seeks to ease US tariff, green subsidy threats

Mon, Oct 16, 2023

The EU is hoping that the summit will also yield an agreement on critical minerals - cobalt, graphite, lithium, manganese and nickel - that would benefit EU suppliers.

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Apple challenges EU's $14 billion tax demand

Apple challenges EU's $14 billion tax demand

Mon, Dec 19, 2016

Apple has launched a legal challenge to counter EU's demand for it to pay $14 billion in taxes.

Ireland claims EU breaching sovereignty in Apple tax ruling

Ireland claims EU breaching sovereignty in Apple tax ruling

Mon, Dec 19, 2016

Ireland set out its arguments on Monday against a European Commission ruling that tech firm Apple should pay billions in back-taxes to Dublin, claiming the European Union (EU) executive arm has interfered in state sovereignty.

EU agrees on approach to Brexit talks, PM Theresa May left out in cold

EU agrees on approach to Brexit talks, PM Theresa May left out in cold

Fri, Dec 16, 2016

European Union (EU) leaders agreed their plan for Brexit negotiations on Thursday, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc.

China launches WTO dispute resolution case against US, EU

China launches WTO dispute resolution case against US, EU

Mon, Dec 12, 2016

China said on Monday it had launched a dispute resolution case at the World Trade Organisation (WTO) over the surrogate country approach used by the United States (US) and European Union (EU) to calculate anti-dumping measures against Chinese exports.

EU, Cuba sign pact to normalise relations

EU, Cuba sign pact to normalise relations

Mon, Dec 12, 2016

The European Union (EU) and Cuba on Monday signed a deal to normalise ties that had been blocked for decades by human rights concerns under revolutionary icon Fidel Castro.

China faces battle over market economy status

China faces battle over market economy status

Sun, Dec 11, 2016

China`s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing`s deal to join the World Trade Organisation (WTO) expires on Sunday.

US Federal Reserve to raise rates as Donald Trump economy looms

US Federal Reserve to raise rates as Donald Trump economy looms

Sun, Dec 11, 2016

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.

Fitch affirms British debt rating, outlook negative

Fitch affirms British debt rating, outlook negative

Sat, Dec 10, 2016

The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.

Rupert Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

Rupert Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

Sat, Dec 10, 2016

Rupert Murdoch`s Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61% of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid.

Eurozone agrees debt relief for Greece amid IMF row

Eurozone agrees debt relief for Greece amid IMF row

Tue, Dec 06, 2016

Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece`s colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the International Monetary Fund (IMF).

Support for economic system 'under threat', says BoE's Mark Carney

Support for economic system 'under threat', says BoE's Mark Carney

Tue, Dec 06, 2016

Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.

Donald Trump, Brexit causing economic uncertainty, says ECB's Mario Draghi

Donald Trump, Brexit causing economic uncertainty, says ECB's Mario Draghi

Tue, Nov 29, 2016

Geopolitical events including the election of Donald Trump and Britain`s Brexit vote are the main reasons for the current economic uncertainty, European Central Bank (ECB) chief Mario Draghi told European Union (EU) parliamentarians on Monday.

London will bounce back despite Brexit: Lord Mayor

London will bounce back despite Brexit: Lord Mayor

Mon, Nov 28, 2016

The Brexit vote has shaken the city of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.

Jaguar Land Rover agrees inflation-beating UK pay deal

Jaguar Land Rover agrees inflation-beating UK pay deal

Thu, Nov 03, 2016

Jaguar Land Rover agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and an extra lump sum, a source said, in a sign of the pressure facing firms as the cost of living rises after Brexit.

Pound soars as court demands parliament vote on Brexit

Pound soars as court demands parliament vote on Brexit

Thu, Nov 03, 2016

The pound soared against the dollar and euro Thursday after the High Court in London ruled that parliament must approve the start of Britain`s withdrawal from the European Union.

UK bankers confident of London's place after Brexit: Study

UK bankers confident of London's place after Brexit: Study

Wed, Nov 02, 2016

Almost three quarters of British bankers believe London will still be the financial centre of Europe in five years' time, despite risks surrounding Brexit, according to a study published on Wednesday.

Exports rises up nearly 5% to $22.9 billion in September

Exports rises up nearly 5% to $22.9 billion in September

Sat, Oct 15, 2016

Signalling a clear reversal of the continuous decline in Indian exports, official data on Friday showed September exports at $22.88 billion grew 4.62% over exports recorded in the same month last year at $21.87 billion.

Tesco rings up improving results amid supermarket war

Tesco rings up improving results amid supermarket war

Wed, Oct 05, 2016

Troubled British supermarket giant Tesco, the nation's biggest retailer, rang up improving earnings on Wednesday in the face of fierce competition, particularly from German-owned discounters Aldi and Lidl.

Asian shares start Q4 with gains, sterling stumbles

Asian shares start Q4 with gains, sterling stumbles

Mon, Oct 03, 2016

Asian shares got the new quarter off to a firm start on Monday, while sterling tumbled as Britain set a March deadline to start divorce proceedings from the European Union (EU).

Six things to know about Deutsche Bank

Sat, Oct 01, 2016

Shares in Deutsche bank plunged on Friday morning, dragging down other European banks and markets worldwide. Here are six things to know about Germany's biggest lender: 1. Why are investors worried about Deutsche Bank?

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