Tuesday 28 July 2015
 
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European Union

In Greek crisis, one big unhappy EU family

The latest paroxysm of Greece's debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU's most ambitious project. The most worrying

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Greece accepts reforms needed to get bailout

The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis T

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EU, IMF agree new Greek bailout request

European Union (EU) and IMF officials have given euro zone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making it likely they will agree on Saturday to open talks on lending Athe

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FedEx seeks EU approval for $4.9bn TNT bid

FedEx has asked the European Union's competition regulator to approve its €4.4-billion ($4.9 billion) bid for Dutch rival TNT Express, the US package delivery service company. The deal, which will combine FedEx's air

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Greek debt talks stumble before EU leaders gather

Negotiations to avert a Greek debt default stumbled on Wednesday and euro zone finance ministers accused Athens of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone. With European

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EU welcomes 11th-hour Greek proposals

The European Union welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at talks on Monday where creditors want 11th-hour concessions to haul Athens back from the brink of bankruptcy.

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European Union without Britain 'impossible'

A European Union without Britain would be "impossible", Italian Prime Minister Matteo Renzi said on Wednesday, after talks with Prime Minister David Cameron about his plans to reshape Britain's EU ties before an in-out membership r

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Chestertons to help UAE investors to invest in EU

Chestertons, a leading international real estate, said it has created a new international properties’ unit that will focus on EU-based properties for UAE investors. A multi-disciplinary property business covering residential

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Migration to UK hits highest level since 2005

Net migration to Britain reached 318,000 in 2014, its highest level since 2005, official data showed on Thursday, a political setback for Prime Minister David Cameron who has pledged to reduce the figure to less than 100,000 annually.

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Saudia fined $1.6m for breaking EU aviation law

Saudi Arabian Airlines has been fined 1.4 million euros ($1.6 million) by a regional Belgian government for breaching EU carbon emissions rules, making it the first big non-EU carrier to be fined for breaking the EU aviation law.

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