The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 per cent on Monday, saying it did not expect a return to the historical trend level of 5.3 per cent until 2015.
"If GDP fo
Business destinations in the EU are now expecting an influx of business travellers from the UAE, after the European Parliament voted for Emiratis to be exempt from obtaining visas to visit any of the 25 Schengen countries last week.
Fugitive Ukrainian President Viktor Yanukovich, ousted after bloody street protests in which demonstrators were shot by police snipers, is wanted on an arrest warrant for mass murder, authorities announced on Monday.
As rival neig
European Union ministers sought to broker a political settlement in Ukraine after gun battles between police and anti-government protesters brought the death toll to 75 in two days of the worst violence in the country since Soviet times.
Fresh fighting broke out in central Kiev on Thursday, shattering a truce declared by Ukrainian President Viktor Yanukovich, as the Russian-backed leader met European ministers demanding he compromise with pro-EU opponents.
Credit agency Standard & Poor's has cut its triple-A rating of the European Union by one notch, saying it had concerns about how the bloc's budget was financed, a view EU leaders and other officials dismissed as misguided.
The European Union agreed on Thursday a blueprint to close failing banks but stopped short of a more ambitious plan for the euro zone to unite in tackling its troubled lenders.
More than five years since a financial crisis struck,
Turkey and the European Union signed an agreement on Monday allowing EU governments to send back illegal immigrants crossing into Europe from Turkey in a move highlighting a thaw in relations between Ankara and the 28-member bloc.
The European Union adopted a regulation on Monday making jet fuel imports duty-free starting next year, ending months of uncertainty that had worried airlines, refiners and traders.
EU ministers "today adopted a regulation re
EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
The penalties, whi