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May, 6, 2016

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Business > Europe
Greek Prime Minister Alexis Tsipras on Saturday said reform talks with the country's EU-IMF creditors, delayed by disagreements over pension cuts and bad loans, could conclude by May 1.
 
The sky's the limit at Geneva inventions show
Shoes that can reunite lost toddlers with their parents and a morphing sofa designed for spur of the moment conjugal relations are among the centerpieces at this year's Geneva inventions show.
 
The European Parliament on Thursday adopted for the first time a single set of rules for the 28-nation EU to protect the privacy of people using the internet.
 
Fitch Ratings on Tuesday lowered Saudi Arabia's long-term credit rating, saying the plunge in oil prices had "major negative implications" for the world's biggest crude exporter.
 
Indian giant Tata Steel began the formal sale of its loss-making British arm on Monday, as it announced it was selling its Scunthorpe plant for a nominal fee.
 
Germany at the start of the year introduced a corporate "women's quota" obliging its 100 biggest companies to fill at least 30 percent of their supervisory board seats with females.
 
French carmaker Renault has signed agreements with Morocco to invest more than US$1 billion and create 50,000 jobs in the North African country, the Moroccan industry minister said.
 
Without the raft of different policy measures taken by the European Central Bank (ECB), consumer prices in the euro area would have declined last year and economic growth would be weaker than it is, the ECB's chief economist Peter Praet said Thursday.
 
The Moscow construction company executive ticks off bribes typically paid by construction companies here for a long list of permits and inspections needed to build a residential apartment building -- or anything else in Russia.
 
Eurozone private sector business activity ticked up in March after a sharp fall in February, a closely watched survey showed Tuesday, but the outlook remains clouded.
 
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