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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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Wall Street weighed down as Apple fails to impress

Wall Street weighed down as Apple fails to impress

Thu, Sep 08, 2016

Apple weighed on US stocks on Thursday, a day after the tech giant unveiled the new iPhone 7 that failed to impress Wall Street. Apple fell 2.3% to $105.82, its steepest decline since June 24 when Britain's vote to leave the European Union (EU) unleashed a massive selloff.

Govt taking a relook at free trade agreements: Nirmala Sitharaman

Govt taking a relook at free trade agreements: Nirmala Sitharaman

Wed, Sep 07, 2016

Government is reviewing free trade agreements (FTAs) that India has signed with trading partners after the industry voiced concerns about benefits of these pacts for domestic players.

World stocks hit one-year highs as US Fed rate hike prospects fade

World stocks hit one-year highs as US Fed rate hike prospects fade

Wed, Sep 07, 2016

World stocks hit their highest in more than a year and the dollar fell against the yen on Wednesday as expectations of a rise in US Federal Reserve interest rates receded after weak US economic data. Wall Street looked set to open flat to slightly lower, according to index futures.

Britain presses for 'unique' deal with EU after Brexit

Britain presses for 'unique' deal with EU after Brexit

Tue, Sep 06, 2016

Britain's new government, under Prime Minister Theresa May, has so far given little detail of what the country wants when it leaves the EU, saying it was focusing on preparing its negotiating stance for when it triggers the divorce procedure.

Brexit effect: JLR to benefit from weak pound, says Tata Motors' CFO

Brexit effect: JLR to benefit from weak pound, says Tata Motors' CFO

Sun, Sep 04, 2016

"JLR's revenue, more than 80% comes (from) outside the UK from Europe, China, the US, and other markets. We do source about 40% to 50 %of our components from the EU. Therefore, if you take a combination of these, JLR over a time would benefit from a continued weaker pound as a result of the Brexit," Tata Motors Group CFO C Ramakrishnan told analysts.

What Brexit? Jaguar Land Rover's outlook stable this fiscal

What Brexit? Jaguar Land Rover's outlook stable this fiscal

Sun, Sep 04, 2016

Fitch said that the success of its entry models into new segments, especially the Jaguar XE, and the initial indications for the F-PACE, along with maintaining robust profitability, positive free cash flow and a strong financial profile, are considered instrumental as it transitions to become a higher-volume premium manufacturer.

EU’s tax allegations have no basis in fact or law, says Apple Inc's Tim Cook

EU’s tax allegations have no basis in fact or law, says Apple Inc's Tim Cook

Wed, Aug 31, 2016

Written in response to the hefty tax bill amounting to $14.5 billion that Apple Inc would need to pay to European Commission, CEO Tim Cook fought back with an open letter on Tuesday.

Brexit could be delayed until late 2019, report says

Brexit could be delayed until late 2019, report says

Mon, Aug 15, 2016

Britain`s departure from the EU could be delayed until late 2019 as civil servants struggle with the task and French and German elections may hold up the start of exit negotiations, a report said Sunday.

UK government to replace EU funding on farmers, scientists post Brexit

UK government to replace EU funding on farmers, scientists post Brexit

Sat, Aug 13, 2016

According to Chancellor Philip Hammond the move could cost up to 4.5 billion pounds (about $5.8 billion) a year. The Treasury will guarantee to back EU-funded projects signed before the end of this year, the BBC reported on Saturday.

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Tue, Jun 28, 2016

Morgan Stanley said it expects the monetary policy to be more focused on mitigating liquidity tightness through open market operations.

David Cameron hails 'important partner' India in post-Brexit statement

David Cameron hails 'important partner' India in post-Brexit statement

Mon, Jun 27, 2016

He had announced his resignation in his first speech following the results of last week's referendum on Friday.

Will Brexit impact Indian exports?

Will Brexit impact Indian exports?

Mon, Jun 27, 2016

Federation of Indian Export Organisations on Indian Express reported, that India’s export will face pressure led by currency volatility post Brexit decision in the immediate future as both British Pound and Euro will depreciate, giving greater competitiveness to their products.

Asian stocks, pound falls in Brexit aftershocks

Asian stocks, pound falls in Brexit aftershocks

Mon, Jun 27, 2016

Asian stocks fell and the British pound tumbled more than 2 % in early trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain`s decision to leave the European Union.

Brexit clouds horizon for Britain's airline industry

Brexit clouds horizon for Britain's airline industry

Sun, Jun 26, 2016

In concrete terms, passengers leaving or arriving in the United Kingdom will face new taxes, while British airlines will be slower to develop new routes.

From drinks to drugs to cars: Global business hit by EU vote

From drinks to drugs to cars: Global business hit by EU vote

Fri, Jun 24, 2016

World stocks headed for one the biggest slumps on record.

IMF calls for "smooth transition" after Brexit

IMF calls for "smooth transition" after Brexit

Fri, Jun 24, 2016

The Finance Minister of G7 countries and governors of their central banks said they respect the intention expressed today by the people of the United Kingdom.

Brexit impact: Why this is the right time to buy property in UK for Indian investors

Brexit impact: Why this is the right time to buy property in UK for Indian investors

Fri, Jun 24, 2016

"It is very likely that many more Indians will seek to invest there," JLL India Country Head and Chairman Anuj Puri said in a statement.

EU chiefs say Britain must leave 'as soon as possible'

EU chiefs say Britain must leave 'as soon as possible'

Fri, Jun 24, 2016

Cameron announced he would step down to make way for a new leader by October.

Great Britain chooses to dismantle itself

Great Britain chooses to dismantle itself

Fri, Jun 24, 2016

The European Union referendum results are out. Great Britain has decided it doesn’t want to stay within the European Union (EU). The ‘Leave’ camp got 17.4 million votes or 51.9% of the total votes. The problems, however, have just begun for the UK.

Brexit: ''Remain in EU'' vote takes lead, show British opinion polls

Brexit: ''Remain in EU'' vote takes lead, show British opinion polls

Thu, Jun 23, 2016

But the phone poll of 1,032 people on June 17-22 also underlined the confusion among voters as 11% of people said they were still undecided.

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