Make best use of every euro and combat fraud, say budgetary control MEPs
MEPs urge EU member states to claw back EU funds lost through fraud or irregular spending, and the EU Commission to use its executive powers to help them to fight…
Ports: transport MEPs favour clear public funding rules, but not free market access
Draft rules to improve the transparency of public funding for key EU ports and common rules for ports wishing to restrict the number of service providers were approved by the…
Trade MEPs back emergency plan to import 70,000 tonnes of Tunisian olive oil duty free
A proposed emergency measure to import 70,000 tonnes of olive oil from Tunisia duty free, to help boost the struggling Tunisian economy, hit not least by terrorist attacks of 2015,…
World Economic Forum Announces New Board of Trustees
Davos-Klosters, Switzerland, 23 January 2016 – The Board of Trustees of the World Economic Forum yesterday elected Jim Yong Kim, President, The World Bank, Washington DC; and Marc R. Benioff,…
Russian gas deliveries to Serbia grow by 23.6 per cent in 2015
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Slavenko Terziс, Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia to…
IEA says oil market to remain oversupplied until late 2016
As oversupply, mild temperatures and grim economic news check growth demand, non-OPEC output falls year-on-year for first time since 2012 Exceptionally mild temperatures in the early part of the winter…
Toys”R”Us® Opens Its 100th Store In China
BEIJING, Jan. 18, 2016 /– Ten years after first entering the market, Toys”R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today announced that the company has opened…
Wal-Mart to Shut Hundreds of Stores
BENTONVILLE, Ark. – Jan. 15, 2016 – Wal-Mart Stores, Inc. (WMT: NYSE) today announced plans to close 269 stores in the U.S. and globally. In October 2015, the company said…
State aid: Commission concludes Belgian “Excess Profit” tax scheme illegal; around €700 million to be recovered from 35 multinational companies
The European Commission has concluded that selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The scheme has benefitted at…
U.S. gasoline prices in 2015 were lowest since 2009
U.S. regular retail gasoline prices averaged $2.43 per gallon (gal) in 2015, 93 cents/gal (28%) less than in 2014and the lowest annual average price since 2009. Lower crude oil prices…
Crude oil prices started 2015 relatively low, ended the year lower
Crude oil prices ended 2015 below $40 per barrel (b), the lowest level since early 2009. Spot prices for the international crude oil benchmark Brent averaged $52/b in 2015, 53%…
Fidelity Investments®, Visa®, and U.S. Bank Launch New 2% Cash Back Fidelity® Rewards Visa Signature® Card
BOSTON, SAN FRANCISCO, and MINNEAPOLIS – Fidelity Investments®, a leading retail brokerage and retirement savings provider, today announced with U.S. Bank(NYSE: USB) and Visa Inc. (NYSE: V) a new long-term…
Prices for most oil and natural gas commodities fell significantly during 2015
The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious…