Saturday, 24 March 2018

Tag Archives: EU

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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About 100 EU nationals told to leave Britain – mistakenly


LONDON: The Home Office of Britain has mistakenly informed about 100 people that they are to be deported from Britain. A letter was issued “in error” to a number of people stating that they are “liable to detention” so that a decision had been taken to remove them from Britain ...

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Human Rights Situation in Afghanistan Is Fragile: EU


EU Special Representative (EUSR) and Head of Delegation of the European Union to Afghanistan Franz-Michael Mellbin said that Afghanistan has made some gains in the human rights sector, but called for more work to be done to bolster human rights especially women’s rights in the country. Speaking at the same ...

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Elusive Brexit clarity meets sober economic reality


DUBLIN: Last time British Prime Minister Theresa May returned from a walking holiday, she called what turned out to be — for her — a disastrous election. Not this time, it is assumed. But financial markets and an eager public hoping she can provide some Brexit clarity will probably have ...

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EU Commission Says Infected Eggs Spread To 17 Nations


LONDON: The European Commission says that at least fifteen EU countries, as well as Hong Kong and Switzerland, have received eggs contaminated with the insecticide fipronil. Its announcement comes ahead of a planned meeting with ministers and other officials next month to discuss the crisis. The European Commission, the European ...

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Dutch police make arrests in contaminated eggs scandal

eggs scandal

DUTCH police arrested two suspects on Thursday (local time) as part of an investigation into the illegal use of a potentially harmful insecticide in the poultry industry, the Dutch prosecution service said. Millions of chicken eggs have been pulled from European supermarket shelves as a result of the scare over ...

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UK ready to pay up to 40 billion euros to leave EU

Brexit EU UK

LONDON: Britain is prepared to pay up to 40 billion euros (36.12 billion pounds) as part of a deal to leave the European Union, citing three unnamed sources familiar with Britain’s negotiating strategy. The European Union has floated a figure of 60 billion euros and wants significant progress on settling ...

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