Monday, 25 September 2017

Tag Archives: EU

UK to support Pak trade growth

Greg Hands-PAK-UK

LONDON/LAHORE: UK Minister of State for Trade Policy 2017 marks 70 years since this country’s birth, and 70 years of bilateral relations between Pakistan and the UK. This is also a momentous time for the UK. As we prepare for our departure from the European Union we will look to ...

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Google appeals against EU’s $2.7 bn antitrust fine

google-

LONDON: Google has appealed against the record $2.7 billion antitrust fine imposed by the European Union (EU) back in June for breaching its rules by abusing the monopoly it enjoys over internet search. The Luxembourg-based general court, Europe’s second-highest, is expected to take several years before ruling on Google’s appeal, ...

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UK Оffers to Мaintain Defence and Security Cooperation with EU

BREXIT

LONDON: Britain has played one its strongest cards in the EU negotiations by offering to put its defence, security and aid assets at the disposal of the European Union in the hope of getting concessions on future trading and economic relations. The offer extends to continuing to share embassies with the EU, ...

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London stays world’s top finance centre despite Brexit

UK-LONDON

FRANKFURT/ LONDON: London remains the globe’s most attractive financial centre, extending its lead over New York despite Britain’s looming departure from the European Union, a survey found on Monday. Britain’s departure from the trading bloc has led to some politicians and economists predicting London will lose its pre-eminent status as ...

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China bans imports of soft European cheese

CHEESES

PARIS: Soft European cheese has fallen on hard times in China. Customs officials have banned a host of soft, mould-ripened cheese for containing “too much bacteria”, with authorities reportedly alarmed the mould contained colonies of bacteria that had not been officially approved. The ban mainly affects French and Italian cheese, ...

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Turkey cautions citizens about travel to Germany

merkel-erdogan

BERLIN: Turkey cautioned its citizens on Saturday to take care when traveling to Germany, citing what it said was an upswing in anti-Turkish sentiment ahead of a German national election later this month. The advisory is likely to further exacerbate tensions between the two NATO allies, whose ties have soured ...

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Just 25% UK-based banks seek EU licence

Brexit EU UK

PARIS: Fewer than ten of the approximately 40 banks that conduct EU business out of London have applied so far for a licence to continue banking in the bloc after Britain leaves, regulatory sources told Reuters. The slow pace of applications is raising concern at the European Central Bank, the ...

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Pound Euro Exchange Rate Recovers from 8-Year-Low

Pound Euro

LONDON: The Pound Euro exchange rate slipped yesterday as investors reacted to the latest Brexit uncertainties and tensions while the Euro benefitted from European Central Bank (ECB) speculation. However, the pair rebounded from its lows as markets anticipated upcoming data. GBP EUR dropped from 1.0944 to 1.0803 last week. Tuesday saw ...

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European shares hit two-week low as euro surges

European shares

MILAN: European shares fell on Monday in a broad sell-off as the euro strengthened after ECB chief Mario Draghi did not express concern about a strong currency in a closely watched speech. While London was closed for a holiday, reducing activity, the broad STOXX index for euro zone stocks fell ...

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