Portugal eyes investments in India to enhance relationship
LISBON: “The areas of cooperation between India and Portugal would be explored in sectors like information and communication technologies, olive...
Germany’s unemployment rate falls to 6.2%
BERLIN: Germany’s unemployment rate unexpectedly fell to a record low in January, in a sign that economic sentiment in Europe’s...
Belgians spending less on lottery tickets
BRUSSELS: Belgium’s national Lottery had a turnover of 1.173 billion euro in 2015. This is down from a turnover of...
DNB to Stop Using Cash in Norway
OSLO: Norway’s largest financial services group, DNB believes the dangers and disadvantages of cash make it necessary to give it...
Citi Group appoints new CEO for UAE
ABU DHABI: Citi Group announced it has appointed Elissar Farah Antonios as chief executive officer of Citi UAE. Antonios moves...
Danish electronics firm Fona facing bankruptcy
COPENHAGEN: Fona, the Danish electronics chain, has announced it is facing potential bankruptcy, reports Berlingske. A long price war with...
Hungarian businesses ink $37.6bn worth of deals with Indonesia
BUDAPEST: Hungarian companies signed 37.6 million US dollars worth of agreements in Indonesia on Monday, Foreign Minister Peter Szijjarto said...
Zaranj bakeries closed in protest against bread imports
ZARANJ CITY: More than 200 bakeries have been closed in Zaranj city, the capital of western Nimroz province, after a...
Russia falls 10 Spots in economic freedom index
MOSCOW: Russia has fallen ten places in an economic freedom ranking that classed the nation as "mostly unfree." Russia ranked...
US Customs seizes smuggled currency worth $518,980
SAN JUAN: U.S. Customs and Border Protection (CBP) officers stopped an illegal exportation of currency when officers searched a cargo...
Six British multinationals ‘did not pay any UK corporation tax in 2014’
LONDON: Six of Britain's 10 biggest multinationals, including Shell, British American Tobacco (BAT) and Lloyds Banking Group, paid no UK...
Customs arrests man with foreign currency at airport
MUMBAI: Air intelligence unit (AIU) of the Customs has arrested an Indian citizen with foreign currency worth Rs 31.82 lakh...
Ten arrested in Netherlands over bitcoin money-laundering allegations
AMSTERDAM: Dutch police have arrested 10 people in the Netherlands as part of an international investigation into money-laundering through sales...
Ukraine increases gas transit by 1.5 times in Jan
KIEV: Ukraine in January 2016 increased transit of natural gas to Europe and Moldova by 51.8% compared to the same...
PokerStars owner Amaya gets $2.8B offer from chairman
OTTAWA: Amaya Inc., the world’s largest online poker company, said Chairman and Chief Executive Officer David Baazov has indicated he...
‘Drivers getting a raw deal’ as tax take approaches €5bn
DUBLIN: Drivers are paying so much tax that it has been calculated that what they are handing over now represents...
Consumer confidence drops on likely impact of social security reform
ATHENS: Greece’s consumer confidence index took a tumble in January, as developments on the social security front have dented forecasts...
Italy’s unemployment rates unexpectedly unchanged in Dec
ROME: Italy’s jobless rate was unexpectedly unchanged in December, signaling the risk that the effect of new labor legislation on...
Australia’s Dec imports likely decline as exports grew
CANBERRA: Australia's preliminary official data for goods imports showed that that dropped for the second consecutive month in December and...
Pipfruit New Zealand expects to hit $1 bln in exports early
WELLINGTON: Export apple returns have increased by 105 percent in the past four years from $341 million in 2012 to...
