Tag: Europe

BUSINESS

Oil Prices Rise To Its Highest Point In Seven Years

Oil prices today rise to their highest in more than seven years based on possibly war between Ukraine and Russia. Analysts also speculate that this move could trigger U.S. and European sanctions that would disrupt exports from the world’s top producer in an already tight market. Brent crude futures were at $95.56 a barrel up $1.12 after earlier hitting a peak […]

NEWS

U.S. Backs Germany’s Pipeline

The United States and Germany have reached a deal that will allow the completion of a controversial Russian gas pipeline to Europe without the imposition of further U.S. sanctions. Under Secretary of State for Political Affairs, Victoria Nuland told Congress that the two governments would shortly announce details of the pact that is intended to address U.S. and eastern and […]

BUSINESS

Global Stock Markets Takes A Hit

With the expectation of a rise in inflation in the U.S, stock markets worldwide took a nosedive with major US indexes falling more than one percent on Tuesday. Meanwhile, European bourses saw steep declines on fears among traders that rising consumer prices could push up interest rates. The UK’s benchmark share index, the FTSE 100, closed 2.47 per cent lower. […]

BUSINESS

EU Strikes Deal With China

Top European Union officials and Chinese President Xi Jinping agreed to a business investment deal on Wednesday. The move will allow European companies greater access to Chinese markets and help redress what Europe sees as unbalanced economic ties. The agreement was negotiated for almost seven years and is likely to take at least another year to enter into force. It […]

BUSINESS

Bahamas Expresses FATF Blacklist Concerns

Bahamas Attorney General Carl Bethel said recently that the country faces the immediate imposition of a potentially devastating blacklisting by the European Union, effective October 1. Bethel said the Bahamas will likely remain on the Financial Action Task Force (FATF) gray list until at least February 2021. He said this pandemic has totally derailed efforts to get off this blacklist. […]

NEWS

WHO Sounds COVID-19 Alarm In Europe

A dramatic rise in new coronavirus cases in Europe has been characterized as a “wake up call” by the World Health Organization’s top official in Europe. “We have a very serious situation unfolding before us,” WHO’s regional director for Europe, Hans Kluge, said in a press briefing on the epidemiological situation in the region. “Weekly cases have now exceeded those […]

NEWS

U.K. Takes Top Spot In COVID-19 Cases In Europe

The U.K. now has the highest number of deaths from COVID-19 in Europe and the second-highest in the world, according to the latest report. The total death count in the U.K. has now reached 30,076 thus surpassing Italy’s 29,684, previously the highest in Europe. The number of deaths in care homes in the U.K. continues to rise, and Prime Minister […]

BUSINESS

European Companies In Cannabis Stock Frenzy

More and more countries and companies are seeking to cash in on the green cannabis ‘gold’ market. Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North American “pot stocks” frenzy. This was revealed by insiders at European investment bank, Bryan Garnier. […]