Finance
Archive
Putin signals readiness for better ties with the EU
Addressing the annual World Economic Forum (WEF) in Davos on Wednesday, the Russian President Vladimir Putin signalled that the Kremlin is ready to enhance...
Archive
Germany floats grounding almost all international flights to combat new COVID variants
Germany is considering a ban on almost all international air travel into the country to stem spread of more infectious variants of Coronavirus, Interior Minister...
Archive
Boris Johnson announces hotel quarantine for UK arrivals
UK nationals and residents returning from countries at high risk from new coronavirus variants will be requested to quarantine in hotels, British Prime Minister...
Archive
Turkish FM Cavusoglu to visit Brussels for talks with EU, NATO
Turkey's Foreign Minister Mevlut Cavusoglu is set to pay a two-day visit in Brussels on Wednesday, to hold meetings with EU officials and with...
Archive
Brazil gives green light for use of AstraZeneca, Sinovac COVID vaccines
Brazil's Health Surveillance Agency (Anvisa) has given the green light to the AstraZeneca/Oxford University and Chinese-made Sinovac Coronavirus vaccines, paving the way for the...
Archive
Dutch government could collapse over child benefits scandal
Dutch Prime Minister Mark Rutte and his cabinet will decide on Friday whether to resign over his government's mismanagement of childcare benefits, after a...
Archive
Germany likely to remain in lockdown until April
German Chancellor Angela Merkel on Tuesday warned that a dramatic explosion in the number of Coronavirus infections that has mutated in Britain, could force...
Archive
Merkel, Putin discuss possible joint vaccine production
German Chancellor Angela Merkel and Russian President Vladimir Putin discussed cooperating on vaccine production during a telephone call on Tuesday, according to a statement issued...
Archive
Senior Orban aide says Hungary will not use Russia’s Sputnik vaccine
A senior aide to Hungarian Prime Minister Viktor Orban has said the country will not use Russia's Sputnik-V vaccine, and will focus on the...
Archive
Turkish students stage mass protest over appointment of Erdogan loyalist as university rector
The appointment of Melih Bulu, a person with close ties to Turkey's ruling Justice and Development Party (AKP), as the rector of Bogazici University has...
Archive
Germany set to extend lockdown by 3 weeks
The German government and the country’s 16 federal states have agreed to extend a nationwide lockdown until January 21, German newspaper Bild reported on Monday,...
Archive
Eyeing schools reopening, Greece imposes one-week strict lockdown
Eyeing the reopening of schools on January 11, the Greek government announced on Saturday a one-week strict lockdown, starting Sunday.Under the renewed restrictions, all activities...
Albania
Varhelyi refocuses on enlargement for Southeast Europe
EU Commissioner for Enlargement Oliver Varhelyi visited North Macedonia and Albania on October 6-7, meeting leaders in both countries as well as addressing parliaments....
Finance
European businesses must consider Russia's poor track record before investing
After years of sanctions, European businesses are returning to Russia. The Russia-German Chamber of Commerce recently announced that German businesses invested more than €3.3...
Archive
European markets whipsaw as coronavirus remains in focus
European stocks fluctuated Thursday as markets reacted to developments related to the coronavirus in the US and around the world.
The pan-European STOXX 600 index...
Archive
EU approves €200m scheme to support Irish firms during COVID-19 outbreak
The European Commission approved an Irish €200 million scheme to support companies affected by the coronavirus outbreak, as the plan was found to be...
Archive
Airbnb to pay hosts $250 mln for coronavirus cancellations
Airbnb is devoting $250 million to help hosts survive financial losses from refunds given to guests who cancelled their reservations due to the coronavirus.
The...
Archive
Ryanair expected to halt all flights in April and May
Ryanair has said it expects that most of its flights will be grounded from today amid the coronavirus crisis.
"The experience in China suggests a...
Archive
With Covid-19 travel restrictions, US takes a further step towards isolation
While having not completely terminated international travel, the US took a major step in that direction on March 19 with the issuance of a...
Archive
Google developing coronavirus website
Google said on Saturday that it was working with the US government to develop a nationwide website that would help Americans with questions about...
Archive
Global markets tumble as recession fears eclipse stimulus
Global stock and oil markets plunged Wednesday, as vast stimulus measures failed to remove concerns that the coronavirus pandemic will move the economy into...
Archive
Euro 2020 and Copa América postponed for a year amid COVID-19 pandemic
Euro 2020 and Copa América, the two biggest continental championships in football, will be postponed until the summer of 2021 amid COVID-19 concerns.
The Euro...
Archive
Amazon to hire 100,000 new employees as demand surges due to coronavirus
Amazon announced the opening of 100,000 new positions across the United States, in an attempt to meet the advanced surge in demand for online...
Archive
Governments offer aid to airlines amid coronavirus-linked flight cuts and redundancies
A growing list of countries have offered financial aid to its aviation sector, to rescue carriers which have had to park planes and cut...
Archive
France fines Apple $1.2 bln for anti-competition acts
France’s Competition Authority fined Apple a staggering €1.1 billion on Monday for striking deals to keep prices high, saying that its operations hurt consumers.
The...
Archive
G7 pledge to do 'whatever it takes' to safeguard world economy
Officials from the G7 countries pledged to join forces to address the damage of the coronavirus pandemic, which they called "a human tragedy”.
Earlier this...
Archive
Stock market plunges to historic lows
Global stocks fell sharply yesterday after the banks’ attempts to support economic growth failed to dispel investors’ fears over the coronavirus impact on the...
Archive
European Central Bank ready for further stimulus
The European Central Bank will intervene in government bond markets if needed, Austrian central bank chief Robert Holzmann said today.
The announcement comes as the...
Archive
Bill Gates leaves Microsoft board
Microsoft on Friday announced that its co-founder Bill Gates has left its board of directors to devote more time to philanthropy. He served as...
Archive
Markets plummet after Trump’s travel ban
Stock markets in Europe fell even further on Wednesday, after US president Donald Trump announced a ban on most travel from Europe in a...
Archive
World Economic Forum, WHO launch emergency coronavirus task force
The World Health Organization and the World Economic Forum will launch an emergency task force to respond to the coronavirus outbreak and its impact...
Archive
Global markets plunge amid oil price war and coronavirus fears
The coronavirus disrupted economies and societies across the world Monday, resulting in global markets plunging and oil prices crashing, triggering concerns of a worldwide...
Archive
Flights cancelled as UK airline Flybe collapses
Europe’s largest regional airline Flybe has collapsed Thursday with all its flights grounded. Hours earlier, local media reported that the airline could collapse following...
Archive
G7 postpones coordinated action against coronavirus
Finance ministers and central bank chiefs from the G7 countries have agreed to adopt several stimulus packages that are aimed at addressing the recent...
Asia & Pacific
The benefits of hysteria
The epidemic of the COVID-19 is a fact, as are seasonal influenzas of various types that affect large amounts of people during winter, every...
Archive
Coronavirus: airlines react to virus outbreak in Europe
EasyJet, International Airlines Group (IAG), Wizz Air and Jet2 announced on Friday, February 28, measures to curb the negative impacts of the COVID-19 outbreak...
Archive
German police raid ABN Amro Bank over tax scandal
German law enforcement officials raided ABN Amro NV’s offices in Frankfurt for a second time in three months to probe the bank’s involvement in...
Archive
Stock market plummets amid coronavirus fears
In just a few days, coronavirus cases have risen rapidly across the world, despite the World Health Organization saying the spread has slowed in...
Finance
Amazon slammed for selling anti-Semitic books
The Auschwitz Memorial said on Friday that Amazon was making a profit on "selling vicious antisemitic Nazi propaganda" by selling the books of Julius...
Archive
Boeing says it found debris in fuel tanks on grounded 737 Max jets
Boeing announced it has ordered inspections of its grounded 737 Max series jets, after it found foreign objects in the fuel tanks of some...
Archive
Airbus announces 2,300 job cuts in defense and space division
European planemaker Airbus announced that it plans to cut 2,362 jobs across several countries by the end of next year.
Its Germany-based subsidiary, Defence and...
Archive
IRS sues Facebook for $9b over Irish offshore deal
Facebook and US tax authorities are beginning a multi-billion dollar dispute over profits shifted to an Irish subsidiary by the social media giant.
The US...
Archive
France steps up Ghosn probe into misuse of funds at Renault
French prosecutors have stepped up their investigation into alleged misuse of funds at Renault by former boss Carlos Ghosn. A judge had been assigned...
Archive
Spain moves forward with new digital tax on tech giants despite US warning
Spain’s government approved the introduction of new taxes on digital business and stock market transactions. The move has angered United States’ authorities and brought...
Archive
HSBC to begin massive layoffs
The UK’s HSBC Holdings announced around 35,000 job cuts as part of a major restructuring project.
The bank said it would shed $100 billion in...
Archive
UK regulators investigate Barclays CEO over ties to Epstein
Jes Staley, the boss of the investment bank Barclays, is being probed by UK regulators over his links to the wealthy financier and sex...
Archive
Boeing vows to rebuild public trust
Boeing says it is working to rebuild trust in its brand, even as it struggles to bring its 737 Max back into service.
The plane...
Archive
Nissan launches $90m lawsuit against Ghosn
Nissan is suing its former chairman Carlos Ghosn for $90 million. Ghosn was arrested in Japan in 2018, but fled to Lebanon amid a...
Archive
Lawyers say Ghosn used Nissan-Mitsubishi venture to inflate pay
Former Nissan boss Carlos Ghosn used a joint venture between Nissan and Mitsubishi to inflate his pay and to cover a personal tax debt,...
Archive
Coronavirus threatens EU-China investment deal
The EU Chamber of Commerce in China has warned that striking an EU-China investment deal in 2020 is under threat because of the coronavirus...
Must read