Europe

US, South Korea Form New Task Force to Block North Korea Oil Shipments

The US and South Korea have set up a new task force to prevent North Korea from obtaining illegal oil.


Russia Is Directly Supplying North Korea With Oil Amid Warming Ties, Defying UN Sanctions: Report

In another sign of warming ties between the two countries, Russia has reportedly begun supplying oil directly to North Korea in defiance of sanctions imposed by the United Nations (UN)...

BBC Is Eyeing More Commercial Deals Ahead of Potential Expiration of Its License Fee

The BBC is looking to enter into more commercial partnerships ahead of the potential expiration of its license fee...

Russia Launches Combined Drone and Missile Strikes in Its Most Devastating Attacks Against Ukraine’s Electric Sector

In what Kyiv described as the most devastating attacks against its energy infrastructure in two years of war, Russia pounded electrical power facilities in much of Ukraine on Friday...


Latest News

Accel Announced New $500 Million Fund Targeting European and Israeli Startups
Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.
European Stock Extended Last Week's Gain Led by Banking and Commodity Sectors
Stoxx Europe 600 Index continued last week's gain. The index sets a new course for the first back-to-back advance in two weeks.
British Retailer Iceland Innovates to Take On German Competitors
In a battle with German's budget stores, Aldi and Lidl, Iceland introduces its food warehouse concept. The concept is an advancement of its old style format with cash-and-carry style.
Italian Banks Face a Bailout Following a Surmounting Bad Loans
Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.
European banks under regulators' scanner amid Panama Papers issue
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on m
Asian shares, oil, bonds move up ending bruising week
Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided
Argentina to push $12.5bln bond offer in US, UK
Argentina government will market its $12.5-billion bond offer in North America by organizing road shows in New York, Washington and Los Angeles. The $12.5-bln bond offer will be marketed in the US and
Alibaba’s Alipay Will Launch European Expansion This Summer
Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
Canadian Pension Fund to Acquire 40% Stake in Agriculture Unit of Glencore For $2.5 Billion
Glencore is possibly nearer to a deal with Canda’s largest pension fund to sell 40% stake in its agriculture business. CPPIB has agreed to pay $2.5 billion against a total valuation of $6 billion. How
Scandinavian FSAs Summon Banks To Explain Their Accounts Against Panama Papers’ Allegations
Nordea Bank of Sweden and DNB ASA of Norway, largest lenders of the respective countries, have been accused of aiding in tax dodging by the leaked ‘Panama Papers’. DSAs of the respective countries hav
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