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PH pleads case in EU to save seafarers’ jobs

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The Department of Transportation and Communications has met with the European Union to plead the government’s case and prevent the banning of Filipino officers from European ships.

Posted: March 24th, 2014 in Headlines | Read More »

New EU rules seek to make mega-banks less risky

Swedish Finance Minister Anders Borg, left, gestures while speaking with Greek Finance Minister Yannis Stournaras during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Wednesday.  AP

The European Union’s executive arm is set to present a long-awaited financial market reform meant to defuse risk-taking by the largest banks and protect taxpayers from the potential costs of rescuing them.

Posted: January 29th, 2014 in Latest Business Stories | Read More »

EU moves to enhance relations with Asean

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European Union

The European Union (EU) has committed to “redouble” its efforts to strengthen relations with the Association of Southeast Asian Nations (Asean) by stepping up its support to build the Asean Economic Community (AEC).

Posted: November 8th, 2013 in Latest Business Stories | Read More »

PH moves to expand trade with Europe

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The Philippines is set to start technical discussions with the European Free Trade Association (EFTA) for a possible deal and lodge its application for qualification under the European Union’s new Generalized System of Preferences (GSP) scheme or GSP+.

Posted: October 20th, 2013 in Headlines | Read More »

Derelict Northern Ireland shops get facelift to charm G-8

A woman walks past a derelict shop, its windows covered in giant posters to make it look like a cafe, in Enniskillen, Northern Ireland, Thursday, June 6, 2013. Organizers of the G-8 summit of world leaders June 17-18 in Northern Ireland have spent weeks sprucing up the facades of businesses all around the County Fermanagh venue. Their use of window-sized posters to make them appear like thriving businesses with fully stocked shelves, has proved most eye-catching — indeed, eye-fooling. (AP Photo/Peter Morrison)

The Northern Ireland border village of Belcoo has never looked so good. And critics say that’s just the problem.

Posted: June 7th, 2013 in Latest Business Stories | Read More »

Eurozone to shrink 0.6% in 2013, grow 1.1% in 2014—ECB

AP FILE PHOTO

The eurozone economy is projected to shrink by 0.6 percent this year and then grow by 1.1 percent next year, the European Central Bank said on Thursday.

Posted: June 7th, 2013 in Latest Business Stories | Read More »

Eurozone economy shrinks 0.2% in 1st quarter

Police officers build barricades in front of the European Central Bank, ECB, in Frankfurt, central Germany, on May 30, 2013, a day ahead of anti-capitalist protests expected to draw several thousand people. The 17-nation eurozone continued stuck in recession for a sixth consecutive quarter in the first three months of 2013, with the economy shrinking 0.2 percent, official data showed Wednesday, June 5, 2013. AP PHOTO/DPA, BORIS ROESSLER

The 17-nation eurozone continued stuck in recession for a sixth consecutive quarter in the first three months of 2013, with the economy shrinking 0.2 percent, official data showed Wednesday.

Posted: June 6th, 2013 in Latest Business Stories | Read More »

EU hits Argentina, Indonesia with bio-diesel tariffs

european-commission

The European Commission moved on Tuesday to impose provisional anti-dumping duties on bio-diesel from Argentina and Indonesia, which account for some 20 percent of the 12-billion-euro EU market.

Posted: May 29th, 2013 in Latest Business Stories | Read More »

China warns EU to drop telecom probe, solar panel tax

European Union

China on Thursday warned the European Union against escalating bilateral trade disputes, urging Brussels to drop plans to probe Chinese telecom products and impose hefty taxes on its solar panels.

Posted: May 16th, 2013 in Latest Business Stories | Read More »

EU to slap 2-year ban on bee-harming pesticides; a blow to 2 chemical firms

Beekeepers protest next to a giant inflatable bee in front of the European Council and Commission in Brussels, Monday, April 29, 2013. The European Commission said Monday it would impose the world's first continent-wide ban on three pesticides that environmentalists say are killing the bees that pollinate Europe's crops.  AP PHOTO/YVES LOGGHE

The European Commission said Monday it would impose the world’s first continent-wide ban on three pesticides that environmentalists say are killing the bees that pollinate Europe’s crops.

Posted: April 30th, 2013 in Latest Business Stories | Read More »

Angry Cyprus MPs rail against EU ‘blackmail’

Members of parliament vote against a crucial plan to seize a part of depositors' bank savings, in Nicosia, Tuesday, March 19, 2013. Cypriot lawmakers on Tuesday rejected a critical draft bill that would have seized part of people's bank deposits in order to qualify for a vital international bailout, with not a single vote in favor.  AP PHOTO/PHILIPPOS CHRISTOU

Furious MPs took turns in parliament Tuesday to rail against the harsh terms of a bailout aimed at saving Cyprus from bankruptcy, decrying the eurozone “blackmail” as the deal hammered out at the weekend appeared to be unraveling.

Posted: March 20th, 2013 in Latest Business Stories | Read More »

Cyprus outcry at EU bailout terms sparks rethink

A woman holds a banner during a protest outside of the parliament in Nicosia, Cyprus, Monday, March 18, 2013. A vote on a bailout package for Cyprus that includes an immediate tax on all savings accounts has been postponed until Tuesday evening.  AP Photo/Petros Karadjias

Cyprus baulked again on Monday at putting an EU bailout to a vote in parliament as the crippling terms sparked a public outcry and mounting talk of a rethink by eurozone creditors, even as the uncertainty forced a prolonged closure of the island’s banks.

Posted: March 19th, 2013 in Latest Business Stories | Read More »

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