The sale of Turkey’s popular export, ceramics, could skyrocket by at least a third. China is also a leading exporter of ceramics however, due to the outbreak of the Coronavirus, their exports in many items are rapidly dropping. This is mainly due to the closing of several factories. The disease spreads easily and rapidly, and has already killed nearly 1,400… Read more »
ISTANBUL, Feb 14 (Reuters) – Turkish ceramic exports could rise by nearly a third this year, one of Turkey’s largest ceramic firms said on Friday, as producers in China struggle with the impact of the coronavirus outbreak on top of U.S. tariffs. An outbreak of the newly identified coronavirus that emerged in December in Wuhan, China has killed at least… Read more »
LONDON (Reuters) – Hedge funds betting that the Swiss franc will climb further against the euro will soon meet their match, according to investors who are taking the other side of the trade.1,000-Swiss-franc banknotes lie in a box at a Swiss bank in Zurich, April 9, 2019. REUTERS/Arnd Wiegmann The Swiss currency on Thursday climbed to a 4-1/2 year high… Read more »
BRUSSELS (Reuters) – The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules adopted at European Union level two years ago. The 27 EU states were required to enact by January tighter rules to counter dirty-money risks in a wide range of sectors, including… Read more »
(Reuters) – Britain’s biggest pizza delivery company Domino’s Pizza Group (DOM.L) said on Thursday it would sell its Norwegian business to existing minority shareholders of the business, kicking off the sale of its loss-making overseas operations. The company said it will sell its entire 71% shareholding in the Norway business in return for the buyers’ entire stake in its Swedish… Read more »
Brexit has been in the news for the four years or so, but has gained an especially large amount of coverage the last few months. With the United Kingdom leaving the European Union, they will need to keep their economy up while figuring out how to navigate a relationship with the rest of Europe post-breakup. A single Frenchman and his… Read more »
BOULOGNE-SUR-MER, France (Reuters) – For the British government, a successful Brexit means re-asserting economic sovereignty and landing a trade deal with Europe. Trawler captain Stephane Fait and his fellow French fisherman could sink that plan.French workers fillet mackerels in a fish processing plant in the port of Boulogne-sur-Mer, France, January 29, 2020. EU fishermen will lose the automatic right to… Read more »
MOSTAR, Bosnia (Reuters) – The aluminum smelter in the Bosnian town of Mostar has fallen eerily silent since its electricity was cut in July. The only visitors to what was once a model factory in former Yugoslavia are staff filling in redundancy papers. The closure of debt-laden Aluminij Mostar is symptomatic of the challenges facing countries across the Balkans as… Read more »
MADRID (Reuters) – Spanish police have dismantled a crime ring that mailed banned doping blood booster Erythropoietin (EPO) to athletes across Europe, seizing the continent’s largest haul of injectable EPO to date, police said on Thursday. More than 850 ready-to-use injections were confiscated and six people have been placed under investigation on charges of crimes against public health and participating… Read more »
ZURICH (Reuters) – Net immigration to Switzerland rose again last year, official data showed on Thursday, ahead of a May referendum pushed by the right-wing Swiss People’s Party on ending an accord with the European Union on the free movement of citizens. Immigration contributed a net 55,000 people to Switzerland’s population last year, the State Secretariat for Migration said. The… Read more »