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Greece needs €100b debt relief as permanent depression looms
ATHENS: In a stark analysis, the National Institute of Economic and Social Research (NIESR) laid bare the impact of VAT...
Greece stock market suffers 2nd day of losses
ATHENS: The Greece stock market is suffering a second day of losses since reopening, with banks shares down the most....
Italian service-sector growth slows in July, growth reaches 12-month high
ROME: Italy's services expanded more slowly in July than in June, when growth reached a 12-month high, a survey showed...
Nokia agrees to sell HERE worth €2.8b to German car makers
HELSINKI: Nokia confirmed on Monday that it has agreed to sell its digital mapping and location service unit HERE to...
Finland’s OP ranks world’s 8th strongest bank: Bloomberg
HELSINKI: OP Financial Group has been ranked as the eight strongest bank in the world by Bloomberg Markets. OP Financial...
Expat Finns in Portugal likely to lose tax-free pension
LISBON:Emigrated Finns in Portugal may lose the right to tax-free pensions, perhaps from the beginning of 2017, reported a Finnish...
South Africa Issues Tax Guide On Debt Relief
CAPE TOWN: The South African Revenue Service (SARS) has issued a draft interpretation note that provides guidance on the income...
Finnish Volvo’s car sales surges 4.6% in July
HELSINKI: The Volvo Car Group reported a global sales surge for the month of July on Monday. Volvo sold some...
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...
GSL acquires containership fro $53.6m from OOCL
COPENHAGEN: Global Ship Lease (GSL) is to acquire a post-panamax containership for $53.6m from Orient Overseas Container Line (OOCL), which...
Capesize spot rate surges $1,814 overnight
COPENHAGEN: Barely six months after the Baltic Dry Index (BDI) saw an all-time low of 513 points and capesize spot...
Pfizer wins EU approval for $15b Hospira buy
BRUSELS: US drugmaker Pfizer (PFE.N) gained European Union antitrust approval on Tuesday for its proposed $15 billion acquisition of U.S....
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...
Indonesian stop corn import to support domestic production
JAKARTA: Indonesia has stopped issuing import permits for corn used in feedmills and is looking at introducing rules that would...
Bangladesh’s foreign exchange records $25.46b in July
DHAKA: Bangladesh's foreign exchange reserves hit a record $25.46 billion at the end of July, the central bank said on...
Indian spun yarn exports to China rebounds in June
NEW DELHI: Spun yarn imports from India have rebounded in the past month in China, according to related report. Yarn...
Bangladesh exports up by 1.2b to India to narrow trade gap
DHAKA: Bangladeshi businesses should export more to the Indian market of 1.2 billion people to narrow the huge bilateral trade...
Customs announces crackdown on landlords’ smuggling activities
LONDON: The revelations about border controls at Britain’s biggest airport come amid fresh criticism of the government's immigration policy. Ministers...
Xiaomi to release MIUI 7, next version of its Android-based OS on August 13
BEIJING: Chinese smartphone maker Xiaomi has announced on its official forum that it will release MIUI 7, the next version...
