Category Archives: Business

EU-Israel trade thriving, despite the politics

EU-Israel business ties have never been stronger. And while Brussels’ support for the Palestinian Authority means the political realm is fraught with often very old complications, business prospects look very healthy. Continue reading

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Report: EU countries to be straitjacketed by China’s New Silk Road

European firms could miss out on China’s $900 billion infrastructure initiative, warns a leaked report by EU diplomats. It said the New Silk Road trade corridor has the potential to disadvantage and even divide the bloc. Continue reading

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Germany’s Schäuble wants review of EU finance rules

At a meeting of European finance ministers, Germany warns that eurozone banking rules need reform amid new criticism that recent rescues of Italian banks failed to heed the lessons of the financial crisis. Continue reading

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Germany’s Schäuble wants review of EU finance rules

At a meeting of European finance ministers, Germany warns that eurozone banking rules need reform amid new criticism that recent rescues of Italian banks failed to heed the lessons of the financial crisis. Continue reading

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Putin calls sanctions a ‘covert form’ of protectionism

Ahead of the G20 summit, Russian President Vladimir Putin has restated his anger over sanctions levied against Moscow. In a guest article for a German newspaper, he warned that trade barriers are becoming the norm. Continue reading

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Bailed out Italian bank to cut thousands of jobs, close branches

Italy’s Monte dei Paschi di Siena bank is to lose more than 20 percent of its staff as part of its public bailout plan. On Tuesday, the EU approved a multi-billion euro rescue that effectively nationalizes the lender. Continue reading

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Volvo to go all electric, hybrid by 2019

The Swedish carmaker says it is ready to phase out the internal combustion engine and produce greener vehicles. The firm will manufacture only fully electric and hybrid models within two years. Continue reading

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Hague court greenlights Ukrainian case against Russia

The Permanent Court of Arbitration in the Hague has said it has jurisdiction to hear the case of a Ukrainian company seeking to recover damages for property lost when Russia annexed Crimea. Continue reading

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Defiant Qatar hikes gas output by 30 percent

Despite a deepening diplomatic crisis with its neighbors, Qatar says it will increase natural gas production by a third. The announcement is seen as an act of defiance against sanctions by Saudi Arabia and others. Continue reading

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Nasdaq glitch sees wild stock price fluctuations

An IT glitch has led to wild price moves on traders’ terminals for Nasdaq-listed stocks including Apple and Google. Some stocks plunged or rose by as much as 80 percent but were never sold at the erroneous prices. Continue reading

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