Search Results for: European Union
China shares gain on spending program
May 15th, 2017
Hang Seng China Enterprises Index on course for six-day surge Oil climbs as Russia, Saudi Arabia favor extending output deal Chinese equities rose as optimism over infrastructure spending offset concerns over the strength of the global economy, while oil surged ...
Smirnoff owner Diageo to pay HMRC £107m in ‘Google tax’ crackdown
May 12th, 2017
Drinks company will challenge HMRC claim for tax and interest over ‘diverted profits’ Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals. The FTSE 100 ...
Uber is a transportation service and could need new licenses in Europe, top court advisor says
May 11th, 2017
Uber suffered a setback Thursday with an advisor to Europe’s top court stating that the ride-hailing app is providing transportation services, and not merely connecting drivers to passengers via technology which the U.S. firm which has previously argued. “The ...
Bank of England released Monetary Policy; Bank Rate held at 0.25%
May 11th, 2017
Bank of England has issued today an announcement to release a summary of its Monetary policy as it was voted in its meeting ended on 10 May 2017. Bank Rate held at 0.25%, government bond purchases at £435bn and corporate ...
Emmanuel Macron has pledged to reduce taxation on companies to 25 percent
May 10th, 2017
Emmanuel Macron, France’s president-in-waiting after a resounding poll victory Sunday, campaigned on a platform that combined unstinting support for the EU with tax cuts for business and a pledge to maintain the country’s social safety net. Following are key ...
Germany’s Bafin talking with financial firms on move to Frankfurt amid Brexit
May 9th, 2017
German financial regulator BaFin said that the watchdog was in talks with a number of financial institutions applying for licenses in Germany in light of Great Britain’s decision to leave the European Union. Raimund Roeseler, who oversees banking regulation ...
EU court backs airlines over bird strike claims worth £11m
May 5th, 2017
Lawyers pursuing claims for flight delays have suffered a rare court defeat in a judgment that could scupper thousands of potential claims. The Court of Justice of the European Union ruled today that a collision between an aircraft and ...
Greece is fighting for debt relief
May 4th, 2017
Relief map for Greek debt? Not without a fight or two Easing Greece’s fiscal path forward is likely to be the next great struggle in the country’s agonizing, seven-year, three-package bankruptcy saga now that a bailout pact has opened ...
How the unemployment rate adjusted in Germany, Cyprus, Greece, Bulgaria, Romania and other member states
May 4th, 2017
Euro area unemployment at 9.5% EU28 at 8.0% The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in March 2017, stable compared to February 2017 and down from 10.2% in March 2016. This is the lowest rate recorded in ...
Asian Stocks Decline as Iron Ore Futures Tumble: Markets Wrap
May 4th, 2017
FOMC leaves rates unchanged, sees inflation near target Aussie dollar erases loss as Lowe speaks in Brisbane Australian and Chinese stocks fell further on Thursday after metals prices declined, while South Korean shares rallied and the dollar held gains ...
