Wednesday 26 July 2017
 
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European Union

EU slaps Google with record $2.7bn fine

European antitrust officials fined Google a record $2.7 billion for unfairly favouring some of its own services over those of rivals, a report said. The antitrust decision is related to Google’s online shopping service, whic

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No turning back, says May seeking EU exit

Declaring there was no turning back, Prime Minister Theresa May formally began Britain's divorce from the European Union on Wednesday. In one of the most significant steps by a British leader since World War Two, May notified

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Egypt gets $296m EU funding for windfarm project

The Egyptian government has signed an umbrella agreement with European Development Partners to secure €267 million ($296 million) funding for the development of a new large-scale windfarm in the Gulf of Suez area in Egypt. Wi

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Egypt gets $296m EU funding for windfarm project

The Egyptian government has signed an umbrella agreement with European Development Partners to secure €267 million ($296 million) funding for the development of a new large-scale windfarm in the Gulf of Suez area in Egypt. Wi

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Brexit move tips scale in GCC’s favour: report

The UK’s impending historic withdrawal from the European Union (EU) is opening new opportunities for advancing the position of the GCC as an economic powerhouse, a report said. The report entitled ‘UK’s EU Refere

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Brexit? What Brexit? EU on cruise control

The "Brexit cruise" didn't get very far. EU leaders drifted down the Danube for an hour, said little about Britain over a leisurely shipboard lunch, then circled back to Bratislava to resume Friday's summit. Bene

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EU regulators halt Dow, DuPont merger

EU antitrust regulators have halted their scrutiny of Dow Chemical Co and DuPont's proposed merger while the companies provide more information regarding their $130 billion deal. The European Commission opened a full investiga

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UK firms scale back hiring after Brexit vote

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union, a survey showed on Monday. The proportion o

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UK firms scale back hiring after Brexit vote

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union, a survey showed on Monday. The proportion o

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Turkey threatens EU migrant deal if no visa-free travel

Turkey would have to back out of its agreement with the European Union to stem the flow of migrants into the bloc if the EU does not deliver visa-free travel for Turks, Foreign Minister Mevlut Cavusoglu has said. Visa-free access

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