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Economy & Business

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...

Britain tells EU that Supervision is ‘not acceptable’ in post-Brexit deal

The UK’s chief Brexit negotiator David Frost said during a visit to Brussels that the EU has totally missed the point of Britain's decision...

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...

Unemployment rates in Southern Europe remain high despite EU-wide positive trends

Overall unemployment across the EU is falling to the lowest levels since 2000, but significant disparities continue to linger in Southern Europe where the...

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...

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...

MEPs approve EU-Vietnam trade deal, despite human rights concerns

The European Parliament backed on Wednesday an EU trade deal with Vietnam which aims to eliminate almost all tariffs over the next ten years,...

UK economic growth in 2019 beats expectations

Newly released figures from the Office for National Statistics show that the UK economy grew in December.UK GDP grew 0.3% in December, despite expectations...

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,...

Brussels chief Brexit negotiator slams UK PM for backlashing on EU rules

Michel Barnier, the EU's chief Brexit negotiator heavily criticised UK Prime Minister Boris Johnson for saying that he will not follow "high-alignment" EU rules...

Trump ready to negotiate 'very seriously' with EU on trade

US president Donald Trump said the time has come to pursue trade negotiations with the European Union. “Europe has been treating us very badly”, Trump...

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...

Deutsche Bank Q4 Loss Widens

Germany’s Deutsche Bank announced its net loss widened in the fourth quarter, in the period October-December. The fourth-quarter included “transformation charges” of €608 million...

EU and 16 WTO members agree on temporary body to settle disputes

The EU Commission announced that the European Union, together with 16 other countries, including China, agreed to establish a body to bypass the United...

Trump reiterates threat to impose tariffs on European cars

US president Donald Trump said he is serious about imposing tariffs on European cars unless the European Union agrees on a transatlantic deal. Trump is...

Several European nations will introduce a digital tax if no OECD deal is reached

France, Italy, and Spain have said they would move ahead with their national digital tax if no international deal on digital taxation is reached...

Trump rejects climate action, Thunberg slams Davos elites

The annual World Economic Forum kicked off with US president Donald Trump criticising climate activists, in contrast with young activist Greta Thunberg who urged...

Macron, Trump agree to hold off on a potential tariffs war

French president Emmanuel Macron said he had a “great discussion” with US president Donald Trump over France's planned digital tax. “They agreed to give a...

World Economic Forum 2020 kicks off in Davos

Some of the world’s most powerful people gathered for the annual World Economic Forum that kicked off today in Davos, Switzerland. The invitation-only event...

Austria's new night train sets off for Brussels

The first night train to set off for Belgium in 16 years departed from Vienna on 19 January. Austrian and European politicians boarded the “OBB...

Google parent Alphabet becomes $1 trillion company

Google’s parent company, the online giant Alphabet Inc., achieved a $1 trillion market value on 16 January. Shares in Alphabet rose 0.76% for the day...

EU to assess if US-China deal is compatible with WTO rules

The EU will assess whether the newly signed US-China Phase One deal is compatible with WTO rules. The deal opened a new, quieter phase...

European companies ask EU to toughen its approach to China

The business organization BusinessEurope complained that China was the most restrictive of the EU’s trading partners. The EU is China’s biggest trading partner. The organisation...

Former Google executive raises concerns about tech giant's human rights policies

Ross LaJeunesse, a former Google executive has expressed his concerns about the human rights policies that the firm follows as it moves to expand...

Less than half of EU travellers are aware of passenger rights

The European Commission published on Monday the results of an Eurobarometer survey on passenger rights in the European Union, which found that only 43% of...

Climate Action: EIB finances 40 new electric trains in Italy

The European Investment Bank (EIB) has provided a €68 million loan to Ente Autonomo Volturno (EAV), Campania Region's railway management authority, to purchase 40...

Von der Leyen, Lagarde say 11 months is not enough for a EU-UK deal

The head of the European Commission, Ursula von der Leyen, warned that the timeframe for a deal defining the post-Brexit relationship with the EU...

Johnson to push for a swift post-Brexit trade deal with the EU

UK prime minister Boris Johnson was expected to tell EU Commission President Ursula von der Leyen, that Britain will not extend the post-Brexit transition...

Austria to reject Mercosur deal

The new Austrian government will not support the trade deal between the EU and South American nations. The EU and the South American trade bloc...

Ryanair prepared for further 737 MAX delays

Ryanair is prepared for further delays to the delivery of its Boeing 737 Max airliners, its chief executive Michael O’Leary said in an interview. O’Leary...

Interpol issues red notice for ex-Nissan boss Ghosn

The Japanese government called on the International Criminal Police Organization to request the Lebanese government to arrest the former Nissan chief, Carlos Ghosn. Ghosn left...

Google to end controversial Dutch, Irish tax scheme

Google’s parent company Alphabet will stop using an intellectual property licensing scheme, known as the “Double Irish, Dutch sandwich”, which allowed it to delay...

Zaev-Mitsotakis Thessaloniki meeting explores EU Enlargement delays

The prime ministers of Greece and North Macedonia met on the sidelines of the Thessaloniki 2019 Summit on November 14. This was their second...

Greece and US ink new defence deal and extend strategic dialogue

Taking a welcome break from his involvement in the Trump-Ukraine issue, US Secretary of State Mike Pompeo completed his short Balkan swing on 6...

The Name Dispute after the July 7 Greek elections

The June 2018 Prespes Agreement, which settled the so-called Name Dispute with newly-renamed North Macedonia, Greece’s northern neighbor, was an important but not the...

Could Kazakhstan’s recent election be a model for the rest of Central Asia?

NUR-SULTAN, Kazakhstan - As the dust settles following Kazakhstan’s elections, some outside observers are concluding that the approach taken by the Kazakh government in support...

Greece, Cyprus, Jordan cement East Med Gas Forum relationship

ATHENS – The leaders of Greece, Cyprus and Jordan will hold a trilateral summit in Amman on 14 April to expand cooperation in the...

New legislation energizes US policy in the Eastern Mediterranean

Important new bipartisan legislation has been introduced by two ranking US Senators to reshape and energize US strategy in the Eastern Mediterranean, taking into...

Tsipras visits Skopje hoping to cement his Prespes accomplishments

Greece’s Prime Minister Alexis Tsipras visited North Macedonia’s capital Skopje on 2 April, his second visit to the country since signing the Prespes Agreement. ...

Tsipras heads to Skopje to salvage his Prespes gambit

Greece’s Prime Minister Alexis Tsipras is set to deliver on his promised trip to North Macedonia’s capital, Skopje, on 2 April, which was announced...

Name Dispute: Important issues progressing while public attention fades

While the Name Dispute between Greece and the newly-renamed Republic of North Macedonia has fallen out of the headlines, several notable developments occurred in...

Name Dispute: Coming to terms

The Name Dispute has again fallen from the headlines in Northern Macedonia and Greece, as the public focus in Skopje is on April’s Presidential...

Delphi Economic Forum – A small US official presence, but long American shadow

DELPHI, Greece - At the February 28-March 3 Delphi Economic Forum, (DEF) entitled “The Challenge of Inclusive Growth” the long list of invited American...

Delphi Economic Forum: Intense focus on Southeastern Europe

DELPHI, Greece - Now in its fourth year, the 2019 Delphi Economic Forum (DEF) has grown into a true Davos-like venue, with groups from...

Name Dispute: A time for kudos, awards and arrests

Now that the ratification procedures for June’s Prespes Agreement between Greece and newly-renamed North Macedonia are complete, the focus has shifted to a wide-ranging...

Trump sends David Malpass to the World Bank

President Donald J Trump named David Malpass, currently US Treasury Undersecretary for International Affairs, as the US candidate for the Presidency of the World...

US-Greece strategic dialogue inaugurated

In an atmosphere of already close bilateral relations, the US and Greece inaugurated their “Strategic Dialogue” in Washington on December 13.  US Secretary of...

Trump establishes US International Development Finance Corporation

President Donald J. Trump quietly approved the creation of a new foreign assistance agency on October 5, named the United States International Development Finance...

Zero hour for Name Dispute

In the run-up to Macedonia/FYROM’s referendum on settling its three-decade-old Name Dispute with neighbouring Greece, the rival parties involved in the vote made impassioned...

A revived role for the US in Northern Greece requires dynamic action and focus

As a former US diplomat who served as Consul General in Thessaloniki, it’s impossible not to become a lifelong booster of the Thessaloniki International...

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