Latest in Tag: EU Highlight

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Latest in Tag: EU

‘Eitesal’ launches project to support entrepreneurship with EU funding

Eitesal has launched a new project for entrepreneurship in Egypt, named Egypt Innovation and Entrepreneurship Project – InnoEgypt, with funding from the European Union and the Egyptian government. Four large institutions in Egypt are taking part in the project. They are SEKEM Development Foundation, Eitesal, Techno El-Kher Assiut, and Mohamed Farid Khamis Foundation, in cooperation …

Daily News Egypt

EU’s top court unimpressed by sugared words

The European Court of Justice has ruled against a German company selling glucose products. It said the firm must not use adverts with positive health claims, thus confirming an earlier ruling on the issue.The European Union’s top court on Thursday upheld a 2016 decision by a lower court, saying that a German company selling glucose …

Deutsche Welle

EU-India trade agreement a win-win situation: study

Not much progress has been made so far on reaching a free trade agreement between India and the European Union. But such a deal would be mutually beneficial, German economic researchers show in a fresh study.Despite its huge size, India accounts for just 1.6 percent of the global goods trade. But its potential is huge, …

Deutsche Welle

Uber faces more EU regulatory headwinds

Uber’s car-sharing service could face more difficulties in the European Union. According to a legal advisor of an EU court, the US company can be regulated under national transportation laws in each EU member country.Ride-hailing app Uber may be a pioneer in its field but at heart it was an ordinary taxi company and should …

Deutsche Welle

EU hikes growth outlook, but warns of risks

The European Union has increased its forecast for economic growth in the 28-nation bloc, saying the recovery was gaining strength despite the elevated uncertainties of Brexit and protectionist trade policies.The European Commission’s upward revision of growth on Thursday came largely as a result of an improving global economy, with the United States and China helping …

Deutsche Welle

EU ups import tariffs on China steel

While China is trying to define its future trade relations with the US, it’s been delivered a broadside from the European Commission. Brussels announced it had raised duties on Chinese steel imports.The EU executive said Thursday it had set anti-dumping duties on imports of hot-rolled flat steel products from China at a higher rate than …

Deutsche Welle

EU blocks merger between Deutsche Börse and London Stock Exchange

Brussels has prohibited the planned merger of the London Stock Exchange and Deutsche Börse, vetoing a union that has been plunged in doubt following Britain’s vote to leave the European Union.The merger between the two stock exchanges has been vetoed by the European Commission because of competition concerns, ending a third attempt in 17 years …

Deutsche Welle

EU fleshes out conditions for Brexit deal

The European Union’s chief Brexit negotiator, Michel Barnier, has warned of “serious consequences” if Britain would leave the EU without an agreement, as he spelled out the 28-nation bloc’s conditions for talks.Outlining the EU’s plan for Brexit negotiations, Michel Barnier told lawmakers in Brussels on Wednesday that there were three basic conditions to reaching an …

Deutsche Welle

Gazprom makes concessions to settle EU antitrust probe

The Russian gas giant has agreed to a set of commitments to settle an investigation into whether it is breaking EU antitrust rules with its huge European market share and in some countries an outright monopoly.The settlement announced by EU Competition Commissioner Magrethe Vestager on Monday includes greater contractual freedom for countries dealing with Gazprom …

Deutsche Welle

Partnership allows parties to impose internal taxes without distinction between country of origin: Bayoumi

Secretary general of the Egyptian European Association at the Ministry of Investment and International Cooperation Gamal Bayoumi said that the European side did not express any official objections on the government intending to pass the automotive development law, commonly known as the Automotive Development Strategy Directives, until now. Bayoumi told Daily News Egypt that the …

Ahmed Amer

May wants ‘bold and ambitious’ trade deal with EU

British Prime Minister Theresa May has said her country is facing a period of momentous change following its decision to leave the EU, with Britain seeking to forge a new role in the world.Speaking at the World Economic Forum in Davos, Switzerland, on Thursday, Theresa May said Britain would step up to a new leadership …

Deutsche Welle

Britain heads for ‘hard’ Brexit

Six months after the UK’s EU referendum and amid growing discontent, Prime Minister Theresa May has now outlined her plans for Britain’s future. Samira Shackle reports from London on the reactions.

Deutsche Welle