Thursday 2 April 2015
 
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European Union

EU chalks out $338bn plan to boost investment

EU finance ministers agreed the details of a 315 billion euro ($338 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year.

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EU to impose duties on China-Taiwan steel

The European Union (EU) will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission (EC) proposal. The EC pla

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Dollar hits 11-year high after China rate cut

The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies. The dollar rose to a

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ECB's trillion-euro move offers boost, but at a cost

ECB chief Mario Draghi's 1 trillion ($1.1 trillion) euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currenc

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European Union faces crucial test of ‘whatever it takes’

The European Central Bank (ECB) faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy. The EU t

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'Swiss Made' may mean more expensive

"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive. The decision by the Swiss

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Cyprus Airways ends operations on EU ruling

Cyprus Airways is ending operations with immediate effect after the European Union ruled it had received illegal state aid, the government said on Friday. An administrator will be appointed for the airline and its operating licenc

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Dubai hospital wins EU accreditation

Dubai’s only dedicated 24/7 stroke unit in Rashid Hospital has obtained an international accreditation for the establishment and functioning of a stroke unit that follows European protocols and standards. The accreditation m

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EU lifts sanctions on Iran’s top oil tanker

European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday. An EU official

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Facebook wins EU nod for $19 billion WhatsApp bid

Facebook, the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry. The la

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