International Customs

AMSTERDAM : Azerbaijani Minister of Economy and Industry Shahin Mustafayev met with Ambassador of the Netherlands to the country Robert...

Netherlands customs seizes £75,000 of illegal tobacco

AMSTERDAM: Smuggled and counterfeit cigarettes and tobacco, valued together at nearly £75,000, have been seized by KCC Trading Standards officer...

Modi seeks to woo German investors to India

NEW DELHI: On his first visit to Germany as India’s prime minister, Narendra Modi is slated as the guest of...

Capital One cuts cashback rewards after €9b a year loss to retailers

BRUSSELS: Capital One, one of the biggest providers of cashback credit cards, is cutting the rewards it offers on its products....

Finland’s highest average earnings of €4,124 remain in information and communication activities

HELSINKI: The highest average earnings €4,124 were in information and communication activities in 2013, according to Statistics Finland’s Structure of...

Hungary’s MÁV revenue reaches HUF 140b in 2014

BUDAPEST: Hungarian state owned railway company MAVʼs consolidated revenue rose to HUF 140 billion last year, up from the HUF...

Hungarian govt to support investor fund from €20,000 to €100,000

BUDAPEST: Hangrain cabinet chief János Lázár said at a weekly press conference that the government would support a proposal by...

Swiss rail’s revenue decreases to CHF 1.9 billion in 2014

BERN: Despite reporting improved results for 2014, the Swiss Rail Group (CFF/SBB/FFS) was heavily dependent on government support. Revenues increased...

Shell to buy British oil exploration group for $70b

HELSINKI: Royal Dutch Shell announced that it has reached a deal to buy British oil and gas Exploration Company BG...

Taiwan’s Fubon Financial posts record NT$20.03b in Q1

TAIPEI: Fubon Financial Holding Co remained the most profitable financial services provider in Taiwan in the first three months of...

Indonesia foreign exchange reserve falls by $3.9b in March: BI

JAKARTA: Bank Indonesia governor Agus Martowardojo has admitted that efforts to stabilize the rupiah exchange rate were one of the...

Kuwait police confiscate 212 bags of heroin, 177 bags of shabu, 1,236 white pills

KUWAIT: A citizen suspected his Indian driver of having drugs, so he told authorities about him. He went to Abdullah...

Qatar’s QNB earns record QR2.7bn net profit in Q1

DOHA: QNB Group, the region’s largest lender and one of the world’s strongest banks, recorded a net profit of QR2.7bn...

Russia to import Fiat cars with no customs duty from Serbia

MOSCOW: Russia is "ready to meet Belgrade's request" and allow import of Fiat cars without customs duty. The issue will...

Poland’s WSE drops 7.7% to 21.5b in March 2015

WARSAW: Equity turnover on the main market of the Warsaw Stock Exchange in March amounted to PLN 21.5 billion, a...

Polish real estate transactions stand at €430m in Q1-2015

WARSAW: The real estate company Cushman & Wakefield said that the value of transactions in the commercial real estate market...

Poland’s Oberthur Technologies plans to hire 100 IT engineers in 2015

WARSAW: Research and Development center Oberthur Technologies said that it plans to hire 100 IT engineers in 2015. The Company...

Spanish property market incerease 15.5% in February 2015

MADRID: Spain’s central statistics stated that the number of property sales registered during February in the Spain increased 15.5%. This...

Finnish SSH communication security signs €2.3m contract

HELSINKI: Finland’s SSH Communications Security has signed a contract of €2.3 million to deliver its Universal SSH Key Manager and...

Malaysian Customs seized billion sticks of illicit cigarettes worth RM86.74m in three months