Thursday 29 January 2015
 
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European Union

ECB's trillion-euro move offers boost, but at a cost

ECB chief Mario Draghi's 1 trillion ($1.1 trillion) euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currenc

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European Union faces crucial test of ‘whatever it takes’

The European Central Bank (ECB) faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy. The EU t

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'Swiss Made' may mean more expensive

"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive. The decision by the Swiss

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Cyprus Airways ends operations on EU ruling

Cyprus Airways is ending operations with immediate effect after the European Union ruled it had received illegal state aid, the government said on Friday. An administrator will be appointed for the airline and its operating licenc

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Dubai hospital wins EU accreditation

Dubai’s only dedicated 24/7 stroke unit in Rashid Hospital has obtained an international accreditation for the establishment and functioning of a stroke unit that follows European protocols and standards. The accreditation m

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EU lifts sanctions on Iran’s top oil tanker

European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday. An EU official

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Facebook wins EU nod for $19 billion WhatsApp bid

Facebook, the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry. The la

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EU ministers rap France over broken vow

France yesterday faced harsh criticism for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc's stagnating economy. Embold

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EU wants to stop Islamic State oil sales from Syria

The European Union is looking into how it could tighten sanctions to stop Islamic State militants from selling oil from fields they have overrun in Syria, a European diplomat said on Wednesday. The issue could come up at an emerge

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EU to impose economic sanctions on Russia

European Union governments reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defence, dual-use goods and sensitive technologies, diplomats said. The sanctions will be reviewed after

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