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European Union announces $8 billion package of aid for Egypt

European Union announces $8 billion package of aid for Egypt

Sun, Mar 17, 2024

The deal is scheduled to be signed during a visit by European Commission president Ursula von der Leyen and the leaders of Belgium, Italy, Austria, Cyprus and Greece, according to Egyptian officials.

India, EFTA ink free trade agreement

India, EFTA ink free trade agreement

Sun, Mar 10, 2024

The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights (IPRs), trade in services, investment promotion and cooperation, government procurement, technical barriers to trade and trade facilitation.

Russia diamond producer Alrosa's annual net profit drops 15.2%

Russia diamond producer Alrosa's annual net profit drops 15.2%

Wed, Feb 28, 2024

The European Union added Alrosa, Russia's biggest diamond producer, to its sanctions list in January as part of punitive measures it has imposed on Moscow over the war in Ukraine.

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WhatsApp working on GDPR data privacy option for users: Report

WhatsApp working on GDPR data privacy option for users: Report

Tue, Feb 13, 2018

As the European Union (EU) prepares to introduce the General Data Protection Regulation (GDPR) in May to harmonise data privacy laws, Facebook-owned WhatsApp is reportedly working on a new data privacy option in compliance with the new legislation.

EU wants to restrict single market access to UK

EU wants to restrict single market access to UK

Wed, Feb 07, 2018

The European Union (EU) wants to be able to restrict the UK`s access to the single market if there is a dispute after Brexit, according to a leaked document.

Disorderly Brexit would renew pressure on Britain credit rating: S&P Global

Disorderly Brexit would renew pressure on Britain credit rating: S&P Global

Mon, Feb 05, 2018

S&P cut Britain`s previously triple-A rating by two-notches to AA with a negative outlook, after the mid-2016 Brexit vote.

British PM's key adviser quits over Brexit

British PM's key adviser quits over Brexit

Sat, Dec 30, 2017

Adonis, who was appointed as her infrastructure adviser in 2015, said May was "pursuing a course fraught with danger" over the UK`s EU departure, the BBC reported.

Guatemala to move embassy to Jerusalem, backing Donald Trump

Guatemala to move embassy to Jerusalem, backing Donald Trump

Mon, Dec 25, 2017

Guatemalan President Jimmy Morales said on Sunday he had given instructions to move the Central American country`s embassy in Israel to Jerusalem, a few days after his government backed the United States in a row over the city`s status.

Euro zone needs 19 healthy economies, not special budget, says Dutch PM

Euro zone needs 19 healthy economies, not special budget, says Dutch PM

Fri, Dec 15, 2017

The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutch Prime Ministers Mark Rutte will tell his fellow European Union leaders on Friday.

UK keeps top financial sector global ranking, Brexit seen as risk

UK keeps top financial sector global ranking, Brexit seen as risk

Fri, Dec 15, 2017

Britain is sending a trade delegation to China this weekend that will include financial services firms such as the London Stock Exchange to drum up business to help plug any gap in business lost due to Brexit.

Some WTO members to push for e-commerce rules as broader deal fails

Some WTO members to push for e-commerce rules as broader deal fails

Thu, Dec 14, 2017

A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.

Brexit talks: EU President Tusk says 'most difficult challenge' ahead

Brexit talks: EU President Tusk says 'most difficult challenge' ahead

Fri, Dec 08, 2017

EU President Donald Tusk warned that talks on a post-Brexit trade deal and transition period would be even more difficult than a hard-won agreement on divorce terms that was sealed today.

Companies prepare for disorderly Brexit as talks stall

Companies prepare for disorderly Brexit as talks stall

Thu, Dec 07, 2017

Big companies are stepping up their plans in case Britain crashes out of the European Union without a deal as Prime Minister Theresa May struggles to get talks back on track after a major setback.

European Union to decide on tax haven blacklist, assess U.S. tax reform

European Union to decide on tax haven blacklist, assess U.S. tax reform

Tue, Dec 05, 2017

European Union finance ministers plan to adopt a blacklist of tax havens and assess the impact of the United States` planned tax overhaul in a meeting on Tuesday in Brussels.

Bitcoin hits record high of nearly $11,800 after futures lift

Bitcoin hits record high of nearly $11,800 after futures lift

Mon, Dec 04, 2017

Bitcoin powered to a record high just below $11,800 on Sunday, continuing its surge from below $1,000 at the start of the year.

Govt to prepare detailed research report to promote exports

Govt to prepare detailed research report to promote exports

Sun, Dec 03, 2017

Recently, Prabhu made a case for treating support measures to promote exports as investment and not subsidies, arguing that outbound shipments contribute in a big way to boosting growth.Exports in October had entered the negative zone again, dropping 1.12%.

No breakthrough in Brexit talks as new deadline approaches

No breakthrough in Brexit talks as new deadline approaches

Sat, Nov 25, 2017

At a summit in Brussels, May met with German Chancellor Angela Merkel, the leaders of Belgium, Denmark, Lithuania and European Council President Donald Tusk, seeking to move the talks onto future relations between Britain and the EU, especially their trade ties.

India needs over $200 billion of investment in renewable infrastructure

India needs over $200 billion of investment in renewable infrastructure

Tue, Nov 21, 2017

India`s decarbonisation policy is in line with global trends which, since 2011, have been seeing investments in renewable energy infrastructure running at two-three times of that for new fossil fuel capacities, Tim Buckley, Director of Energy Finance Studies Australasia with the Institute for Energy Economics and Financial Analysis (IEEFA), said.

Two weeks to unlock Brexit, EU tells Britain's May

Two weeks to unlock Brexit, EU tells Britain's May

Sat, Nov 18, 2017

May met fellow leaders on the sidelines of an EU summit in Gothenburg, Sweden, to try to break the deadlock over how much Britain will pay on leaving the bloc in 16 months. She signalled again that she would increase an initial offer that is estimated at some 20 billion euros, about a third of what Brussels wants.

European Union to discuss blacklist of tax havens after Paradise Papers leaks

European Union to discuss blacklist of tax havens after Paradise Papers leaks

Mon, Nov 06, 2017

The decision to include the subject in the monthly meeting`s agenda came after the publication over the weekend in several media of the so-called Paradise Papers, a trove of leaked financial documents mostly from law firm Appleby that exposed dealings with tax havens by top public figures.

Apple, Volkswagen, BMW warn EU over patent fees guidelines

Apple, Volkswagen, BMW warn EU over patent fees guidelines

Thu, Oct 26, 2017

The move comes as the EU executive ponders whether a fridge maker should pay a different rate for crucial patents than a carmaker, or whether a flat, fixed rate would be fairer.

British luxury car exports to India on rise

British luxury car exports to India on rise

Sun, Jul 30, 2017

Indian demand for UK's premium cars rose 8.3% in the first half of 2017. Over the same period, the number of Indian-built models registered by British buyers rose by almost half (48.6%) to 21,135 units.

India to be world's biggest milk producer by 2026

India to be world's biggest milk producer by 2026

Sat, Jul 29, 2017

India`s milk output, which was 160.38 million tonnes in 2016, is expected to reach 227.78 million tonnes by 2026, according to the OECD-FAO Agricultural Outlook 2017-2026 report released here this week.

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