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European Union drags India to WTO over import duties on ICT products

European Union drags India to WTO over import duties on ICT products

Wed, Apr 03, 2019

The European Union (EU) Tuesday said it has dragged India into WTO's dispute settlement mechanism over imposition of import duties on certain ICT product, including mobile phones, alleging breach of global trade norms.

Facebook plans more fact-checking ahead of European Parliament election

Facebook plans more fact-checking ahead of European Parliament election

Tue, Mar 19, 2019

Facebook plans to ramp up efforts to fight misinformation ahead of the European Parliament election in May and will partner with German news agency DPA to boost its fact-checking, a senior executive said on Monday.

Does Google harm local search rivals? EU antitrust regulators ask

Does Google harm local search rivals? EU antitrust regulators ask

Sun, Dec 02, 2018

EU antitrust regulators have asked Google`s rivals if the internet search giant unfairly demotes local search competitors, according to a questionnaire seen by Reuters, a move which could lead to a fourth case against the Alphabet unit.

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Qatar sees Brexit as chance to supply UK more gas: Minister

Qatar sees Brexit as chance to supply UK more gas: Minister

Tue, Mar 28, 2017

Qatar sees Britain`s exit from the European Union as an opportunity to boost supplies of liquefied natural gas to the world`s fifth-largest economy and is open to investing in British energy assets, Qatar`s energy minister said.

Theresa May to trigger Brexit negotiations on March 29

Theresa May to trigger Brexit negotiations on March 29

Mon, Mar 20, 2017

British Prime Minister Theresa May will begin the official process of the UK's exit from the European Union (EU) on March 29, her spokesperson announced today. The UK's ambassador to the EU, Sir Tim Barrow, formally informed EU Council president Donald Tusk of the date this morning.

AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

Wed, Mar 15, 2017

AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 U.S. wireless carrier said on Wednesday.

Goldman Sachs to move 1,000 staff from London to Frankfurt due to Brexit: Report

Goldman Sachs to move 1,000 staff from London to Frankfurt due to Brexit: Report

Thu, Jan 19, 2017

US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its city headcount by half, German business daily Handelsblatt reported on Thursday.

Number of UK workers edges down again, but pay growth picks up pace

Number of UK workers edges down again, but pay growth picks up pace

Wed, Jan 18, 2017

The number of people in work in Britain fell for a second time in a row in the three months to November, official data showed on Wednesday, a latest suggestion that the Brexit vote may be making employers nervous about hiring.

Britain will leave European Union's single market, PM Theresa May says

Britain will leave European Union's single market, PM Theresa May says

Tue, Jan 17, 2017

Britain will leave the EU`s single market when it exits the European Union (EU), Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit".

Investor worries over Donald Trump, US policy on the rise: BAML

Investor worries over Donald Trump, US policy on the rise: BAML

Tue, Jan 17, 2017

Worries over Donald Trump`s economic policies and the potential for US policy errors rose sharply this month, according to a survey of fund managers released on Tuesday, prompting them to hold more cash even though they expect growth and inflation to rise further.

Brexit worries push gold prices to highest in over 7 weeks

Brexit worries push gold prices to highest in over 7 weeks

Tue, Jan 17, 2017

Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".

Eurozone inflation jumps to 1.1% in December, highest since 2013

Eurozone inflation jumps to 1.1% in December, highest since 2013

Wed, Jan 04, 2017

Inflation in the eurozone jumped to 1.1% in December, the highest level for more than three years, boosted by rising oil prices, official European Union (EU) figures showed on Wednesday.

South Korea regulator fines Qualcomm $854 million for violating competition laws

South Korea regulator fines Qualcomm $854 million for violating competition laws

Wed, Dec 28, 2016

South Korea`s antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the US firm said it will challenge in court.

EU charges Facebook over Whatsapp takeover probe

EU charges Facebook over Whatsapp takeover probe

Wed, Dec 21, 2016

The European Commission (EC) has charged Facebook Inc with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1% of its turnover.

Apple challenges EU's $14 billion tax demand

Apple challenges EU's $14 billion tax demand

Mon, Dec 19, 2016

Apple has launched a legal challenge to counter EU's demand for it to pay $14 billion in taxes.

Ireland claims EU breaching sovereignty in Apple tax ruling

Ireland claims EU breaching sovereignty in Apple tax ruling

Mon, Dec 19, 2016

Ireland set out its arguments on Monday against a European Commission ruling that tech firm Apple should pay billions in back-taxes to Dublin, claiming the European Union (EU) executive arm has interfered in state sovereignty.

EU agrees on approach to Brexit talks, PM Theresa May left out in cold

EU agrees on approach to Brexit talks, PM Theresa May left out in cold

Fri, Dec 16, 2016

European Union (EU) leaders agreed their plan for Brexit negotiations on Thursday, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc.

China launches WTO dispute resolution case against US, EU

China launches WTO dispute resolution case against US, EU

Mon, Dec 12, 2016

China said on Monday it had launched a dispute resolution case at the World Trade Organisation (WTO) over the surrogate country approach used by the United States (US) and European Union (EU) to calculate anti-dumping measures against Chinese exports.

EU, Cuba sign pact to normalise relations

EU, Cuba sign pact to normalise relations

Mon, Dec 12, 2016

The European Union (EU) and Cuba on Monday signed a deal to normalise ties that had been blocked for decades by human rights concerns under revolutionary icon Fidel Castro.

China faces battle over market economy status

China faces battle over market economy status

Sun, Dec 11, 2016

China`s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing`s deal to join the World Trade Organisation (WTO) expires on Sunday.

US Federal Reserve to raise rates as Donald Trump economy looms

US Federal Reserve to raise rates as Donald Trump economy looms

Sun, Dec 11, 2016

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.

Fitch affirms British debt rating, outlook negative

Fitch affirms British debt rating, outlook negative

Sat, Dec 10, 2016

The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.

Rupert Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

Rupert Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

Sat, Dec 10, 2016

Rupert Murdoch`s Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61% of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid.

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