Submitted by demo_admin on Wed, 01/18/2017 - 12:40
British Prime Minister Theresa May has been accused of wanting to “cherry pick” European Union benefits in her speech setting out her Brexit priorities.
While she stressed Britain will quit membership of the EU single market when it leaves the bloc, she also said she’d seek the greatest possible access to to European markets via a separate trade agreement.
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The EU’s Brexit negotiator,Guy Verhofstadt was far from impressed saying May was creating an “illusion” after she outlined her plans.
Submitted by demo_admin on Mon, 10/19/2015 - 18:07
China's economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis.
The year-on-year growth rate is also below the government's 7% target.
Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetary policy to stem the slowdown.
China's economy has been hit by extreme stock market volatility over the summer and weak economic data, causing concern on markets around the world.
Most analysts were expecting growth figures of 6.8% for the July to September period.
Submitted by m.kaltenboeck@s... on Thu, 02/12/2015 - 10:31
The creation of a European banking union is a major step forward in the region’s financial integration. The first step in this process, single supervision, became a reality earlier this month when the European Central Bank took the helm of the Single Supervisory Mechanism. The next step, the Single Resolution Mechanism (SRM), is an effort to solve the problems of too-big- and too-interconnected-to-fail and cross-border crisis management in the eurozone.
Submitted by demo_admin on Fri, 09/26/2014 - 11:23
GOOOOHOOOOGLE Google’s anti-trust row with the European commission could turn into a case bigger than the one that cost Microsoft more than €2.2bn (£1.7bn), the outgoing competition commissioner warned on Tuesday.
In a dramatic change of position, Joaquín Almunia, the EC’s competition commissioner, told the European parliament that unless Google altered its offer to settle complaints, it could face a “statement of objections”, the formal path towards a fine that could equate to 10% of the company’s global revenue, or about $6bn (£3.7bn).
