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  • April 17, 2014
  • Last updated: 10:55am
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  1. Business - Economy

    France's growth push sets up showdown with Brussels

    Posted Apr 03rd 2014, 10:10am by NICHOLAS SPIRO

    ... of his Socialist party, which is deeply suspicious of both the "responsibility pact" and the ascension of Valls to the premiership, will be viewed dimly by the European Commission. Brussels has been pressuring France to adhere to its commitment to bring its budget deficit within the European Union's limit of 3 per cent of GDP by next year and push ahead with structural ...

  2. Business - Economy - Unemployment

    High minimum wage kills jobs and makes poor worse off

    Posted Mar 31st 2014, 11:31am by STEVE HANKE

    ... at the data from Europe. There are seven European Union countries in which no minimum wage is mandated- Austria, Cyprus, Denmark, Finland, Germany, Italy and Sweden. Compare the levels of unemployment ... to hire a person with limited skills." Jens Weidmann, president of Germany's Bundesbank, must have heard Friedman and looked at these European data before he took on Chancellor Dr Angela ...

  3. Business - Economy - UKRAINE

    Perils of Ukraine’s revolution

    Posted Feb 27th 2014, 02:00pm by NICHOLAS SPIRO

    ... cynicism and scepticism about European integration are at a record high, the drama unfolding in Ukraine is a salutary reminder that the values of freedom, democracy and the rule of law remain a beacon of hope to many in post-Soviet Eastern Europe. Ukraine, the largest country in Europe by land mass, whose 46 million-strong population has been split between a European-leaning west ...

  4. Business - Banking & Finance - REGULATION

    Fed subjects big foreign banks to same standards as US ones

    Posted Feb 19th 2014, 03:12pm by Reuters

    ... that US taxpayers will need to foot the bill if European and Asian regulators treat US subsidiaries with low priority when rescuing one of their banks. The Fed broke with its tradition of relying ... warned of tit-for-tat action, with European Union financial services commissioner Michel Barnier saying in October last year that the bloc would draw up similar measures if the Fed pushed ahead ...

  5. Business - China Business - TRADE

    China and Europe make up after averting subsidy row

    Posted Oct 25th 2013, 01:11pm by Reuters

    ... averting subsidy row China and the European Union sought to mend ties on Thursday after narrowly avoiding a trade war this year, but the EU's trade chief told Beijing to stop handing out state ... bedevilled by a series of trade rows over products ranging from steel and wine to solar panels. "China is ready to work with the European Union to set out a comprehensive plan for the future ...

  6. Business - Economy - AVIATION

    EU revives emissions charging plan

    Posted Oct 18th 2013, 04:31am by Reuters

    ... Reuters in Brussels Non-European nations and airline groups angered by move to impose carbon fee EU revives emissions charging plan The European Union on Wednesday revived a proposal to charge foreign airlines for emissions over European airspace, drawing the ire of airline groups which say it goes against the spirit of a recent global aviation deal and could reignite trade ...

  7. Business - Economy

    EU trying to close 'letter-box subsidiary' tax loophole

    Posted Nov 26th 2013, 09:20am by Reuters in Brussels

    ... Reuters in Brussels The European Commission will attempt to close a loophole that allows companies to cut their tax bill, a top official said on Monday, but the EU executive will first need to persuade member countries to back the change. The commission wants rules to prevent companies setting up “letter-box subsidiaries” in countries solely to qualify for a softer tax regime ...

  8. News - China - TRADE

    Premier Li Keqiang warns EU against telecoms sanctions

    Posted May 26th 2013, 12:00am by AFP, Reuters

    ... Agencies in Bern and Shanghai Premier warns EU against moves on telecom firms Follow @SCMP_News Premier Li Keqiang criticised the European Union over its plans to investigate alleged ... on the troublesome issue so far. He began a visit to Germany late yesterday, the last leg of his maiden foreign tour since taking up his office in March. The EU is considering whether to impose punitive ...

  9. Business - Companies

    EU raids oil majors in probe over possible price fixing

    Posted May 15th 2013, 12:00pm by AFP

    ... Agence France-Presse in Brussels The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules. ... spokesman said: “We can confirm that Shell companies are currently assisting the European Commission in an inquiry into trading activities. Norwegian firm Statoil and Platts, the world’s leading oil ...

  10. Business - Companies - REGULATION

    Shipping lines say proposed EU emissions rules will hamper their operations

    Posted Nov 28th 2013, 01:40pm by Anita Lam

    ... 1 billion tonnes per year at present – the European Commission is seeking to legislate a draft rule it made in late June requiring mandatory provision of data from carriers on their vessels’ fuel ... that calculate vessel emissions with readily available data provided by ship manufacturers and carriers. But the European Union wants a closer look, in the hope of imposing operational guidelines ...




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