Category Archives: Business

EU-Africa free trade will create more imbalances, say critics

Germany’s development minister has sparked a debate by calling for EU tariffs to be waived on African goods. Critics question whether import duties are really the issue, or are there other barriers to trade? Continue reading

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ECB pulls plug on eurozone stimulus – What does it mean?

The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries. Continue reading

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Which eurozone members face cold turkey if ECB ends stimulus?

The ECB’s €2.55 trillion QE program is set to start winding down, with president Draghi likely to signal on Thursday how he intends to turn off the life-support system for the eurozone. So who’ll sink and who’ll swim? Continue reading

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Tariffs: EU caught between desire for retaliation and calm

The EU doesn’t want to just put up with Donald Trump’s higher import tariffs and is mulling retaliatory measures. But German firms, in particular, fear that no one would profit from an escalation of the situation. Continue reading

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Britain threatens to pull EU defense cooperation over Galileo project

UK firms are already being excluded from the European rival to the US global positioning system (GPS) due to Brexit. London is making access to Galileo a condition of its future relationship with the EU. Continue reading

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Crowdfunding becomes the lender of choice for small businesses

Once popular only with startups, small and medium-sized businesses are increasingly turning to crowdfunding to raise cash. When they bypass traditional lenders, firms can get their money faster and without the red tape. Continue reading

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Russian oligarch Oleg Deripaska cuts stake in sanction-hit metals giant Rusal

The billionaire to reduce his holding in Rusal’s holding group to less than 50 percent. Deripaska is one of several tycoons facing US sanctions after being accused of operating for the Russian government. Continue reading

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Salisbury struggles with Skripal poisoning infamy as tourists stay away

Residents of the quaint English city are eager for life to return to normal after the Russian spy poisoning case. Businesses are counting the cost as tourists give the city a wide berth. Continue reading

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‘Flight risk’ Porsche executive arrested over Dieselgate scandal

Amid concerns that he could flee the country, German police have taken Porsche manager Jörg Kerner into custody. The emissions scandal has spread from Volkswagen’s core VW division to many other brands. Continue reading

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As the Castro era ends, Cubans grumble at pace of reforms

For the first time since the 1959 revolution, Cuba’s new head of state will not answer to the name Castro. Miguel Diaz-Canel takes on a country facing many challenges. Andreas Knobloch reports from Havana. Continue reading

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