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December, 9, 2016

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Business > Europe
The head of Wallonia's parliament said Monday it would not respect an EU ultimatum to back a massive trade deal with Canada blocked by the Belgian region.
 
Could Paris, the City of Light, soon become known as the City of Innovation helping propel young entrepreneurs to push technological and business frontiers?
 
Sweden's environment minister on Saturday urged the European Union to ban petrol and diesel-powered vehicles from 2030.
 
France warned British Prime Minister Theresa May at her maiden European Union summit that she would face a tough, unyielding bloc if she sought too many concessions during the negotiations to leave the 28-nation EU.
 
European Central Bank keeps rates at record low
The European Central Bank on Thursday kept interest rates at historic lows and its asset-buying program unchanged, turning the spotlight on president Mario Draghi to hint at his next moves to nurture a still-hesitant eurozone economy.
 
European sugar producers will target export markets in addition to looking for new domestic customers when the EU lifts quotas next year and fully embraces free-market farm policies, officials and analysts say.
 
British building materials supplier Travis Perkins said Wednesday that up to 600 jobs were at risk from the uncertain economic outlook arising from Brexit.
 
Trade chief optimistic over EU-Canada deal
A troubled EU-Canada free trade deal can be signed "next week" despite the last-minute opposition of the Belgian region of Wallonia, EU Trade Commissioner Cecilia Malmstroem said on Tuesday.
 
Ryanair cut its full-year profit forecast by 5 percent Tuesday due to the pound's slump since Britain voted in June to exit the EU, heaping more turbulence on a troubled sector.
 
Britain has lost its place as one of the top five investment destinations in the wake of the country's decision to leave the European Union, according to a survey released Monday.
 
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