Friday, July 3, 2020

Europe Business

EU imposes duties on Indonesian bio diesel

The European Union (EU) imposes import duties on subsidized bio diesel from Indonesia to create more competition for EU producers, authorities said yesterday. The European Commission imposes a temporary duty of between eight and 18 per cent, but warns it...

Spanish oil company Repsol slashes the sales in Venezuela for the second time

Spanish energy company Repsol continues to cut its sales in Venezuela, which at the end of the first half of 2019 amounted to 393 million euros ($ 437 million), almost 14 percent less than at the end of 2018. According...

British body pushes Amazon to avoid cooperating with Deliveroo

The UK's Competition Control Authority (CMA) has issued decisions to Amazon, which plans to merge with Deliveroo, a leading local delivery company, to limit its relationship with the British company. The regulatory body CMA says that the two companies could...

Environmentalists target Amazon in France, demand measures to protect climate change

Hundreds of environmentalists protested outside the Amazon headquarters in Paris and at two regional distribution centers in France on Tuesday as part of escalating climate change demonstrations. The protest was attended by groups including Friends of the Earth and Yellow...

Lawyers warn: Facebook’s Libra will cause serious tax problems in Europe

Top European tax lawyers have warned that the new digital currency for Facebook Libra will cause serious  tax problems for users in Europe. According to the financial times, The lawyers explained that the tax problem that stems from the idea...

Italy slaps $ 1.1 million fine on Facebook after Cambridge Analtica data leak

It seems that Facebook continues to suffer from the consequences of its indulgence in dealing with data users of social platform and leaking, where the company has recently received a new slap after the Italian user control and protection...

Erdogan warns Macron: “What capacity you advocate gas exploration in the eastern Mediterranean”

Turkish President Recep Tayyip Erdogan has issued a stern warning to French President Emmanuel Macron, who called on Turkey to stop its gas exploration in the Mediterranean. "What are you saying, what are you doing there? We have coasts in...

Greece may face sanctions from its creditors on budget surplus reduction

Greece may face sanctions from its creditors in the euro zone after the Greek Prime Minister Alexis Tsipras announced Tuesday, to reduce the target core budget surplus from 3.5 to 2.5 percent of GDP. The Greek media pointed out that...

Canadian dollar fell against USD after reaching three-week high

The Canadian dollar fell at the close of trading on Wednesday against its US dollar after hitting a three-week high on Tuesday as the dollar rose broadly ahead of the Fed's latest meeting minutes. The Canadian dollar fell 0.1 percent...

European stocks fell on financial sector losses, LSE up as sterling falls

European stocks fell for a second session on Thursday, weighed down by financial sector losses, but British stocks rallied as the pound fell amid growing concern that an exit without a deal from the European Union could become a...

Latest News

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...

China: The Indian army has breached its obligations and launched provocative attacks, causing casualties

Zhang said - in a statement this evening about the clashes between the Chinese and Indian border forces in the Galvan Valley region -...

UK’s economy suffers from epidemic – 600 thousand jobs lost due to Corona

Official figures indicate that the number of employees in the UK payroll fell more than 600,000 between March and May, according to the BBC,...