Friday , August 7 2020
Breaking News
Home / International Customs / Beljium (page 30)

Beljium

Pfizer wins EU approval for $15b Hospira buy

BRUSSELS: US drugmaker Pfizer (PFE.N) gained European Union antitrust approval on Tuesday for its proposed $15 billion acquisition of U.S. rival Hospira (HSP.N) after pledging to sell some drugs to allay competition concerns. The approval is conditional on Pfizer divesting certain sterile injectable drugs, as well as its infliximab biosimilar drug, which is currently under development,” the European Commission said. ... Read More »

Juncker urges EU members to resist ‘populist’ rejection of migrants

BRUSSELS: EU governments have a duty to help the flood of migrants arriving in Europe and not cave in to “populist” demands to turn them back, European Commission chief Jean-Claude Juncker said. In an interview with AFP Wednesday, Juncker said he was disappointed that EU ministers had failed late last month to agree on how to distribute a total of ... Read More »

EU to release 20m euros to France to Help with migrants

BRUSSELS: The European Commission will provide France with 20 million euros ($22 million) to cope with waves of would-be migrants from north Africa and the Middle East. France and the U.K. are trying to stop hundreds of migrants attempting to use the Channel Tunnel to reach Britain from the French port city of Calais. U.K. Prime Minister David Cameron, who ... Read More »

EU-Vietnam deal paves way for major trade boost

BRUSSELS: The EU and Vietnam have reached a free trade agreement – the second such EU deal with a South-East Asian nation. The deal will remove nearly all tariffs on goods traded between the EU and Vietnam. Their annual trade is worth about €28bn (£20bn; $30bn). Communist-run Vietnam exported €22bn of goods to the EU in 2014, including consumer electronics ... Read More »

Euro zone inflation stable at 0.2%, still far off ECB target

BRUSSELS: Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices. The European Union’s statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by ... Read More »

New Belgium brewing takes on a Colorado coal mine

BRUSSELS: One of the U.S.’s biggest and greenest breweries is facing a boycott in Colorado. The company provided support for climate change campaigners in the state that threaten to shut down a coal mine, and the mining industry is not happy. New Belgium Brewing Co., based in Fort Collins, just north of Colarado’s state capital Denver, has become famous for ... Read More »

Eurozone household real income rises 0.9% in 1Q

BRUSSELS: The eurozone’s household income per capita, in real terms, increased by 0.9 percent in the first quarter of 2015, after an increase of 0.1 percent in the previous quarter, according to figures issued here the other day. Figures released by Eurostat, the statistical office of the European Union, eurozone household real consumption per capita increased by 0.8 percent in ... Read More »

State under pressure to put rail services up for tender

BRUSSELS: The contract to run rail services in Ireland should be put out to international tender, the European Commission has proposed, a move that could have serious ramifications for Iarnród Éireann. The Government is strongly resisting the idea, amid concerns it could cause major financial and industrial relations problems for the State. Iarnród Éireann’s 10-year contract to run Ireland’s rail ... Read More »

State under pressure to put rail services up for tender

BRUSSELS: The contract to run rail services in Ireland should be put out to international tender, the European Commission has proposed, a move that could have serious ramifications for Iarnród Éireann. The Government is strongly resisting the idea, amid concerns it could cause major financial and industrial relations problems for the State. Iarnród Éireann’s 10-year contract to run Ireland’s rail ... Read More »

Secret Escapes secures $60m in funding for expansion

BRUSSELS: Secret Escapes, the travel website that offers its members deals on luxury travel, has raised $60m (£38.7m) of funding to help fuel its expansion into the US and Asia. The investment round was led by Google Ventures, the tech giant’s seed capital arm that has invested in hundreds of startups including Uber, and Octopus Investments, whose portfolio includes Kabbee, ... Read More »

Iran, EU urge commitment to implementation of nuclear deal

BRUSSELS: Iran’s President Hassan Rouhani and the visiting EU foreign policy chief Federica Mogherini urged commitment to steady and full implementation of the recent deal on Iran’s nuclear program. We should focus on the precise and full implementation of it, which will benefit the entire world,” Rouhani said in a meeting with Mogherini. Rouhani described the Vienna nuclear deal as ... Read More »

Belgium business confidence deteriorated in July after rising for five straight months

BRUSSELS: Belgium business confidence deteriorated in July after rising for five straight months, signaling stabilization due to divergent trends among the branches of activity surveyed. The business confidence index dropped to -4.1 from -3.9 in June, which was the highest in nearly four years. The score was in line with economists’ expectations. The confidence indicator for the manufacturing sector eased ... Read More »

MPs says EU purdah changes unacceptable

BRUSSELS: Any relaxation of so-called purdah rules in the run-up to the referendum on EU membership would be “completely unacceptable”, MPs have said. The Public Administration Committee said it was unconvinced by ministers’ arguments it was needed to allow them to continue the work of government. In a critical report, it said such a move would “cast a shadow of ... Read More »

European fund for strategic investment proposes to provide loans to cover around 20%

BRUSSELS: The European Fund for Strategic Investment proposes to provide loans to cover around 20% of the cost of infrastructural projects, underwriting their more riskier elements, to encourage private investors to take up the remainder. It is designed to have the traditionally risk-averse European Investment Bank, which is owned by the member states, contribute to what it might otherwise consider ... Read More »

EU Commission disburses €600m assistance to Ukraine

BRUSSELS: The European Commission, on behalf of the EU, today disbursed a loan of €600 million to Ukraine. This corresponds to the first instalment under the new Macro-Financial Assistance (MFA) programme for Ukraine, which amounts to a total of €1.8 billion. Through this programme, the EU contributes to cover the urgent financing needs faced by Ukraine, while supporting the country’s ... Read More »

Shipping link to EU off to sluggish start

BRUSSELS: An arrangement that would connect the Port of Duluth-Superior with western Europe is off to a slower start than expected. Originally billed in 2014 as a monthly service from the Netherlands to Duluth’s Clure Public Marine Terminal, the Amsterdam-based dry cargo specialist Spliethoff’s first vessel of the season reached the Twin Ports just last weekend. The 448-foot Florijngracht anchored ... Read More »

Xoom launches service to Austria, Belgium, Greece, and Portugal

BRUSSELS: Xoom Corporation XOOM, -0.48% a leading digital money transfer provider, has expanded its service to include Austria, Belgium, Greece and Portugal. Xoom offers fast deposits and can deposit money in as little as 24 hours when customers send by 4:00 p.m. IST (Irish Standard Time). Transactions submitted after that time will be deposited in two business days. Sending money ... Read More »

EU opens antitrust case against major US studios and Sky UK

BRUSSELS: Along with the proliferation of web-based television services and pressure to make movies available for download sooner, Hollywood studios are facing a new challenge to decades-old business practices: European regulators. The European Union’s top antitrust authority on Thursday charged six American studios and a pay television company in Britain with unfairly blocking access to films and other content. The ... Read More »

General Electric offers concessions in bid for EU clearance of Alstom deal

BRUSSELS: U.S. conglomerate General Electric has offered concessions in an attempt to counter EU regulatory concerns about its 12.4-billion-euro (US$13.49 billion) bid for French peer Alstom’s power unit, its biggest ever acquisition. The company submitted its proposal on Thursday but did not provide details. GE confirms it has submitted remedies to the European Commission in relation to the GE-Alstom transaction. ... Read More »

HSBC contemplates sale of Turkey business to ING

BRUSSELS: HSBC is reportedly planning to divest its troubled business in Turkey to the Netherlands-based multinational banking and financial services company ING Group in a transaction worth around $700-$750m. Two people with knowledge of the matter told Reuters that the company’s latest decision is part of its strategy to reduce costs and increase profits. With the purchase of HSBC’s business, ... Read More »