Sunday, 25 August 2019

Tag Archives: European Union

EU MEPs ask India to stop atrocities in Kashmir

BRUSSELS: An overwhelming majority of members of the European Parliament (MEPs) attending a landmark event on the rights situation in occupied Kashmir on Tuesday put their weight behind the recommendations of a United Nations report on the state of human rights in the valley, and called on India to immediately ...

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Prague could lose 0.5-1 GDP in case of no-deal Brexit: Czech Foreign Minister

PRAGUE: The possible exit of the United Kingdom from the European Union without an agreement may cost the c economy 0.5-1 percent of GDP, Czech Foreign Minister Tomas Petricek told reporters. “There are several possible scenarios. The most pessimistic options, of course, come from the ‘no-deal’ Brexit. Estimates indicate a weakening of the ...

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Brussels mulls adding Saudi Arabia to EU dirty money blacklist

BRUSSELS: The European Commission proposed adding seven countries including Saudi Arabia to the European Union’s (EU) money laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime. The new countries targeted by the commission, including Saudi Arabia and Panama, would join another 16 ...

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Danske scandal: EU needs stronger anti-fraud curbs, says lawmaker

COPENHAGEN: The European Union needs tougher anti-fraud controls including a central body able to enforce laws against money laundering, European lawmakers said, describing financial crime as as a security problem for the continent. Curbs should be more uniform across the EU and its framework for swapping financial intelligence is inadequate ...

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McDonald’s loses Big Mac EU trademark battle

DUBLIN: Irish fast food chain Supermac’s announced Tuesday it had won a European Union battle against global giant McDonald’s over the use of the Big Mac and Mc trademarks. Supermac’s asked the European Union Intellectual Property Office to cancel McDonald’s use of the trademarks in certain fields. The EUIPO said ...

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British must tell us what they want: Dutch PM

AMSTERDAM: Dutch Prime Minister Mark Rutte warned on Wednesday that time is running out to reach a deal before Britain leaves the European Union and urged the British to make up their minds. “It is now up to the British to indicate what they want,” he told reporters in The Hague ...

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Iran, India move closer on trade as EU stalls

Iran will boost trade with India as the European Union struggles to find a way to circumvent a fresh US embargo on Tehran, Iranian Foreign Minister Javad Zarif said. Brussels is working on a payment mechanism to keep financial transactions flowing with Iran, after the US ditched the 2015 nuclear ...

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Why the UK can still be strong after Brexit

PARIS: Britain can still punch above its weight globally even after it exits the European Union, Foreign Secretary Jeremy Hunt said on Wednesday ahead of a key parliamentary vote at home. Although Britain is neither a superpower nor in possession of an empire, the country still has the military might, ...

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EU-Japan deal to come into force in February

BRUSSELS-Sputnik: The trade agreement between the European Union and Japan will come into effect in February 2019, European Commission Spokesperson for Trade and Agriculture Daniel Rosario said in his twitter account on Wednesday. “EU-Japan trade agreement on track to enter into force in February,” Rosario said. The trade agreement between ...

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Germany, France ‘in fresh push for EU financial transaction tax’

BRUSSELS: Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions, a German newspaper reported. Germany’s Olaf Scholz and his French counterpart Bruno Le Maire will present their ...

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