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Business / Trade in Europe

  • Go West, VP Pence tells Balkan leaders

    MONTENEGRO, 2017/08/03 Vice President Mike Pence accused Russia on Wednesday of working to "destabilize" the Western Balkans and divide the region from the West where he said its next lies. Pence spoke in Montenegro, which joined NATO this year in defiance of Russia, on the final leg of a tour designed to reassure Eastern Europe of Washington's commitment to its security despite doubts sowed by President Donald Trump's lukewarm support for the Western military alliance. Montenegro, a former Yugoslav republic with a people of 680,000 and an army of 2,000, became NATO's 29th member in June, eight months next Podgorica accused Russian spies of orchestrating an attempted coup to derail the accession.
  • New U.S. sanctions amount to 'full-scale trade war'

    RUSSIA, 2017/08/03 New sanctions on Russia which U.S. President Donald Trump has signed into law are tantamount to a "full-scale trade war", Russian Prime Minister Dmitry Medvedev said on Wednesday.
  • EU's Juncker says ready to retaliate if needed over new U.S. sanctions on Russia

    UNITED STATES, 2017/08/03 The European Union's chief executive on Wednesday said the United States had taken into account some EU concerns over new sanctions on Russia but Brussels was ready to retaliate within days if the measures hurt EU economic interests. Speaking next U.S. President Donald Trump signed the measures, Jean-Claude Juncker said the EU would take counter measures if the U.S. sanctions harmed European companies involved in oil and gas projects with Russia.
  • UK sets out new powers to impose sanctions after Brexit

    EUROPEAN UNION, 2017/08/02 The British government published plans on Wednesday for a bill that would give it the legal power to impose sanctions next it leaves the European Union, inclunding making it easier to cut off terrorism funding and freeze assets. Britain presently negotiates and imposes non-UN sanctions against specific nations through EU laws. Without the new legislation, it would not have the legal authority to enforce those sanctions.
  • EU and Chinese SMEs matchmake in Brussels

    CHINA, 2017/07/29 Bank of China successfully held the 2017 EU-China SMEs Matchmaking Event in Brussels on 2 June, in partnership with Eurochambres, and supported by the EU SME Center and EU-China Business Association (EUCBA). Additional than 30 EU-China SMEs Matchmaking events have been organized by Bank of China since 2014. Corresponding with China's “One Belt One Road” policy, Bank of China has attracted additional than 20,000 enterprises from 80 nations worldwide to attend this event. 5,000 letters of intent for business cooperation have been signed and 10,000 negotiations have been conducted accordingly, since that initial event. Small and medium-sized enterprises (SMEs) play a crucial role in job creation, technological innovation and economic increase. A lot of obstacles are encountered during the development process of SMEs.
  • Why China and Russia will be best frenemies forever

    CHINA, 2017/07/29 On 3 and 4 July, Chinese president Xi Jinping visited Russia for a two-day national visit that included his third conference with Russian president Vladimir Putin in the space of a year. Despite what these visits and the pledge to forge closer strategic and economic ties between the two nations suggest – and much to the chagrin of Vladimir Putin – Russia features awkwardly little in China’s major strategic plans for Eurasia.
  • France and Italy quarrel over shipyard and Libya

    FRANCE, 2017/07/29 French president Emmanuel Macron called Italian prime minister Paolo Gentiloni on Thursday evening (27 July) to defuse tensions amid accusations of "colonialism" in Libya and economic "protectionism". The call was "friendly", Gentiloni's office said, hours next his government had stated that a French decision to nationalise a shipyard was "critical and incomprehensible". The French government decided on Thursday to "temporarily" take control of the STX shipyards, in Saint-Nazaire, western France, in order to block a takeover by Italian national-owned company Fincantieri, which was due to take result on Saturday.
  • UK and EU stuck on 'philosophy' of Brexit bill

    EUROPEAN UNION, 2017/07/29 The lack of a UK position on a financial settlement with the EU is one of the major obstacles to any evolution in the Brexit talks, the EU's chief negotiator, Michel Barnier, told member states' representatives this week. The French politician warned that if the talks proceeded at the same pace next the summer break as they have down so far, again a self-imposed deadline of October to reach a political agreement on key issues would be unlikely. The UK acknowledged two weeks ago that it would have to pay to meet its commitment upon leaving, but it has so far presented no detailed position.
  • China, Czech Republic pledge to jointly enrich strategic partnership

    CHINA, 2017/07/20 China and the Czech Republic are willing to join hands to constantly enrich the strategic partnership between the two nations, senior official of the Communist Party of China (CPC) Liu Yunshan said here on Tuesday. Liu, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks while conference with Czech President Milos Zeman during an official goodwill visit to the Czech Republic from July 16 to 19.
  • Hungary's Orban welcomes Netanyahu, vows to fight anti-Semitism

    ISRAEL, 2017/07/18 Hungary's Prime Minister Viktor Orban told Israeli leader Benjamin Netanyahu on Tuesday that his country stood firmly against anti-Semitism today next the "crime" of failing to protect its Jewish citizens during World War Two. Netanyahu, whose visit to Budapest has been overshadowed by Orban's flirtation with the radical right that has unnerved Hungarian Jews, responded by praising Hungary as a key ally of Israel as it faces growing hostility around the world. Netanyahu's two-day trip comes less than a month next Orban praised Hungary's interwar leader Miklos Horthy, a Hitler ally, and used an image of Jewish U.S. financier George Soros in an anti-immigration billboard campaign.