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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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Eurozone agrees debt relief for Greece amid IMF row

Eurozone agrees debt relief for Greece amid IMF row

Tue, Dec 06, 2016

Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece`s colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the International Monetary Fund (IMF).

Support for economic system 'under threat', says BoE's Mark Carney

Support for economic system 'under threat', says BoE's Mark Carney

Tue, Dec 06, 2016

Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.

Donald Trump, Brexit causing economic uncertainty, says ECB's Mario Draghi

Donald Trump, Brexit causing economic uncertainty, says ECB's Mario Draghi

Tue, Nov 29, 2016

Geopolitical events including the election of Donald Trump and Britain`s Brexit vote are the main reasons for the current economic uncertainty, European Central Bank (ECB) chief Mario Draghi told European Union (EU) parliamentarians on Monday.

London will bounce back despite Brexit: Lord Mayor

London will bounce back despite Brexit: Lord Mayor

Mon, Nov 28, 2016

The Brexit vote has shaken the city of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.

Jaguar Land Rover agrees inflation-beating UK pay deal

Jaguar Land Rover agrees inflation-beating UK pay deal

Thu, Nov 03, 2016

Jaguar Land Rover agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and an extra lump sum, a source said, in a sign of the pressure facing firms as the cost of living rises after Brexit.

Pound soars as court demands parliament vote on Brexit

Pound soars as court demands parliament vote on Brexit

Thu, Nov 03, 2016

The pound soared against the dollar and euro Thursday after the High Court in London ruled that parliament must approve the start of Britain`s withdrawal from the European Union.

UK bankers confident of London's place after Brexit: Study

UK bankers confident of London's place after Brexit: Study

Wed, Nov 02, 2016

Almost three quarters of British bankers believe London will still be the financial centre of Europe in five years' time, despite risks surrounding Brexit, according to a study published on Wednesday.

Exports rises up nearly 5% to $22.9 billion in September

Exports rises up nearly 5% to $22.9 billion in September

Sat, Oct 15, 2016

Signalling a clear reversal of the continuous decline in Indian exports, official data on Friday showed September exports at $22.88 billion grew 4.62% over exports recorded in the same month last year at $21.87 billion.

Tesco rings up improving results amid supermarket war

Tesco rings up improving results amid supermarket war

Wed, Oct 05, 2016

Troubled British supermarket giant Tesco, the nation's biggest retailer, rang up improving earnings on Wednesday in the face of fierce competition, particularly from German-owned discounters Aldi and Lidl.

Asian shares start Q4 with gains, sterling stumbles

Asian shares start Q4 with gains, sterling stumbles

Mon, Oct 03, 2016

Asian shares got the new quarter off to a firm start on Monday, while sterling tumbled as Britain set a March deadline to start divorce proceedings from the European Union (EU).

Six things to know about Deutsche Bank

Sat, Oct 01, 2016

Shares in Deutsche bank plunged on Friday morning, dragging down other European banks and markets worldwide. Here are six things to know about Germany's biggest lender: 1. Why are investors worried about Deutsche Bank?

British Steel back in profit after spin-off from Tata Steel

British Steel back in profit after spin-off from Tata Steel

Thu, Sep 29, 2016

British Steel has returned to profit by boosting efficiency after being hived off as a loss-making division from India's Tata Steel in April, Executive Chairman Roland Junck said on Thursday.

India's exports down 0.30% to $21.51 billion in August

India's exports down 0.30% to $21.51 billion in August

Thu, Sep 15, 2016

India's merchandise exports have declined for the second consecutive month, whereby falling marginally by 0.30% for the August month.

British steel workers face prospect of pension quick fix

British steel workers face prospect of pension quick fix

Fri, Sep 09, 2016

A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters.

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.

Here’s why Apple is well prepared to ride the $14.5 billion tax bill imposed by EU

Here’s why Apple is well prepared to ride the $14.5 billion tax bill imposed by EU

Wed, Aug 31, 2016

Apple had warned investors in a July regulatory filing that the Commission’s investigation could lead to "material" liability for further tax payments, but that it could not estimate the impact.

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.

Bank of England cuts rates for first time since 2009, restarts bond purchases

Bank of England cuts rates for first time since 2009, restarts bond purchases

Thu, Aug 04, 2016

"Following the United Kingdom`s vote to leave the European Union, the exchange rate has fallen and the outlook for growth in the short to medium term has weakened markedly," the central bank said in its quarterly Inflation Report.

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Mon, Jul 18, 2016

Sitharaman further said, “At present, there is no bilateral trade agreement that India has with EU.”

EU footballers in UK to be treated as immigrants after Brexit?

EU footballers in UK to be treated as immigrants after Brexit?

Sat, Jun 25, 2016

Your favourite footballers may be unqualified to play in UK now.

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