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EU Mideast jet fuel imports to escape new dutyThe European Union's jet fuel imports from the Middle East are likely to escape a tariff that would have raised prices from next year, thanks to a waiver, EU sources and traders said. Leading Middle East oil producers are to l More… |
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EU's 'big six' agree to fight tax havensThe European Union's six biggest countries have agreed to cooperate in the fight against tax havens, piling pressure on Austria to follow Luxembourg in ending bank secrecy. The finance minis More… |
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Money fled Cyprus as president fumbled bailoutAs new President Nicos Anastasiades hesitated over an EU bailout that has wrecked Cyprus's offshore financial haven status, money was oozing out of his country's closed banks. In banknot More… |
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Crisis-hit Cyprus weighs big bank levyCyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and avert financial collapse. Banks in the debt-hit nation More… |
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Cyprus scrambles to avert meltdownCyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. More… |
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Bailout terms 'death knell for economy'The onerous terms of an European Union 10-billion-euro ($13 billion) bailout for Cyprus will sound the death knell for the island's financial sector and will have a lasting impact on its economy, warned international experts. More… |
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EU urges caution on Syria rebels' arms banThe European Union's (EU) foreign policy chief urged caution on Saturday about a Franco-British drive to lift an EU arms embargo to help rebels in Syria, questioning the impact such a step might have on attempts to reach a political settleme More… |
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US warns Iran of more isolation in nuclear rowThe US warned Iran on Wednesday that it faces further international isolation if it fails to address UN nuclear watchdog concerns about its atomic activities. The European Union also used a board meeting of the U.N.'s Internat More… |
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Microsoft fined $730m for breaking EU promiseEU antitrust regulators fined Microsoft 561 million euros ($731 million) on Wednesday for breaking a promise to offer European consumers a choice of web browser. Microsoft had made the pledge in 2009 in settling an antitrust inves More… |
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DFSA seals EU securities agreementThe Dubai Financial Services Authority (DFSA), the independent regulator of financial and ancillary services conducted in the emirate, said it has inked a major agreement with Europe’s Securities and Markets Authority (ESMA). More… |
