Economy

Europe's specialty food makers brace for US tariffs

Oct 17, 2019

European producers of premium specialty agricultural products like French wine and Italian Parmesan are facing a U.S. tariff hike due Friday with trepidation.

Kosovo election winner in no rush to restart Serbia talks

Oct 8, 2019

A left-wing party leader poised to become Kosovo's next prime minister said Tuesday he isn't in any rush to restart formal talks intended to normalize relations with Serbia and won't lift a 100% tariff on Serb imports from the previous government

Cyprus: Turkey’s new gas drilling bid ‘severe escalation’

Oct 4, 2019

Cyprus is condemning Turkey’s new attempt to drill for gas inside waters where European energy companies are already licensed to carry out a hydrocarbon search as a “severe escalation” of Ankara’s illegal actions and vowed to fight the move

Irishman set to lead EU trade talks with UK, US

Sep 10, 2019

The incoming president of the European Union's powerful executive arm has nominated Irishman Phil Hogan to lead future EU trade talks, which could put him in charge of negotiations with Britain after Brexit and with the United States

Hungary touts family policies as alternative to immigration

Sep 5, 2019

Hungary's prime minister says low birth rates and falling population figures must be boosted by economic incentives to families, not immigration

Shard reveals how Cyprus' ancient kingdoms managed economy

Aug 14, 2019

An archaeologist says the discovery of a small clay shard inscribed with a partial inventory of goods at a 2,500 year-old citadel suggests that Cyprus' ancient city states "more than likely" had a common economic management system

The Latest: Dutch FM says US requests aid in Hormuz Straight

Jul 15, 2019

The Latest: The Netherlands is studying a US request to provide military backing in the Straight of Hormuz to protect commercial shipping

EU seeks to deescalate Persian Gulf tensions

Jul 15, 2019

EU looking to deescalate Persian Gulf tensions, call on Iran to stick to 2015 nuclear deal despite US pullout

OPEC extends oil production cuts amid weaker demand outlook

Jul 1, 2019

The oil producers' cartel, OPEC, is considering a six- to nine-month extension of its current deal to cut production amid weakening demand due to slowing global economic growth

EU asks Italy to better explain debt or face legal action

Jun 12, 2019

European Economy Commissioner Pierre Moscovici is urging Italy to quickly provide any new information it might have to explain its high debt levels and or face the prospect of imminent legal action

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