Europe Business

Zambia's president insists on tax changes opposed by mining firms

18/05 Zambia's President Edgar Lungu said on Friday that he will go ahead with a new non-refundable sales tax in place of Value Added Tax (VAT), despite criticism from mining companies.  Full story

Gold near 2-week low as dollar eclipses safe-haven appeal

07h45 Gold steadied on Monday to trade near a two-week low hit in the previous session as strong U.S. economic data underpinned the dollar, boosting its safe-haven status over gold amid geopolitical and trade tensions.. . .  Full story

Ryanair posts weakest annual profit in 4 years

07h27 Ryanair posted its weakest annual profit in four years on Monday and said earnings could fall further next year as Europe's largest low-cost carrier grapples with overcapacity, Brexit and delays in delivery of the Boeing. . .  Full story

China's CNPC breaks into Myanmar fuel retailing with Singapore brand

07h18 China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil. . .  Full story

London copper steadies as trade war keeps market edgy

06h26 Benchmark copper on the London Metal Exchange was barely changed on Monday after a brief rebound from last week's slump, while Shanghai metals slipped as investors remained wary about the intensifying U.S.-China trade war.. . .  Full story

Oil surges after OPEC indicates it will maintain output cuts

04h53 Oil rose to multi-week highs on Monday after OPEC indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the Middle East.. . .  Full story

Global dividends hit record in first quarter as companies shake off macro worries

01h01 Companies around the world paid out a record amount of dividends in the first quarter, data showed on Monday, as they shrugged off worries about slowing economic and earnings growth.. . .  Full story

London office building at post Brexit referendum high - Deloitte

01h01 New office building in central London is at a three-year high, with 13.2 million square feet of space under construction, up 12% on the figure six months ago, Deloitte Real Estate's London Office Crane. . .  Full story

May's new Brexit offer retains N. Irish backstop, nothing new on customs -paper

19/05 British Prime Minister Theresa May's new Brexit offer to UK lawmakers retains the Northern Irish backstop and does not add anything new on customs arrangements, The Telegraph newspaper reported late on Sunday.. . .  Full story

Benetton family wants Generali to stay in Italian hands - report

19/05 The Benetton family wants Generali to remain in Italian hands and is ready to tighten its grip on Europe's third-biggest insurer along with other Italian investors, Luciano Benetton said in a newspaper interview.. . .  Full story

GCC countries begin enhanced maritime security patrols - U.S. Fifth Fleet

19/05 Countries of the Gulf Cooperation Council (GCC) began "enhanced security patrols" in the international waters of the Arabian Gulf area on Saturday, the U.S. Navy's Bahrain-based Fifth Fleet said on Sunday.. . .  Full story

Swiss voters approve tax and pension overhaul

19/05 Voters in Switzerland approved on Sunday a shake-up of the corporate tax system, heading off what its finance minister had called an existential threat to the country's role as a business hub.. . .  Full story

France's Le Maire says a Le Pen win in EU elections would hurt euro

19/05 A win by Marine le Pen's far-right Rassemblement National party in next week's European parliament elections could hurt the euro and damage the French economy and industries, Economy Minister Bruno Le Maire said on. . .  Full story

Belarus proposes Russia step up delivery to Naftan oil refinery - deputy PM

19/05 Belarusian Deputy Prime Minister Igor Lyashenko said on Sunday that Minsk was able to raise the volume of oil it processes and had proposed to Russia to increase its deliveries to the Naftan oil. . .  Full story

Iran dismisses possibility of conflict, says does not want war

18/05 Iran's top diplomat dismissed the possibility of war erupting in the region at a time of escalating confrontation with the United States, saying Tehran did not want conflict and no country had the "illusion. . .  Full story

Russia to release first data on losses linked to contaminated oil on May 20 - RIA

18/05 A joint comission of Russian and Belarusian representatives will give the first numbers concerning losses incurred from contaminated oil on May 20, RIA news agency cited Russia's Deputy Prime Minister Dmitry Kozak as saying on. . .  Full story

Italy central bank to spurn firms that don't go green

18/05 The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and fund managers in ratcheting up pressure on boardrooms to. . .  Full story

Argentina grants offshore oil, gas exploration permits in Malvinas West basin

18/05 Argentina awarded permits for hydrocarbon exploration in 18 areas off its southern coast to companies including Exxon Mobil Corp, Total SA , YPF SA and Royal Dutch Shell Plc, the government said on Friday.. . .  Full story

Gold slides to two-week low, faces biggest weekly loss in a month

17/05 Gold prices on Friday slipped to their lowest in two weeks as the dollar advanced on the back of strong U.S. economic data, putting the metal on track for its biggest weekly decline in. . .  Full story

IMO 2020: a major shake-up for oil and shipping

17/05 Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.. . .  Full story

IMO agrees on stricter efficiency targets for some ships

17/05 The International Maritime Organization (IMO) on Friday agreed stricter energy efficiency targets for certain types of ships in an effort to speed up action to cut the sector's emissions.. . .  Full story

Escalating trade war drives copper to fifth weekly loss

17/05 Copper prices fell for a fifth consecutive week as the trade confrontation between the United States and China intensified.. . .  Full story

London marine insurers widen Middle East threat zone after ship attacks

17/05 London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a. . .  Full story

FTSE 100 drops as Just Eat rues Amazon backing rival, exporters cushion fall

17/05 London's main share index dipped on Friday, as Just Eat slumped after Amazon backed rival food delivery firm Deliveroo in a funding round, but losses were limited as exporters were helped by a slide. . .  Full story

U.S.-China trade gloom casts heavy shadow on European stocks

17/05 European stocks snapped a three-day winning streak on Friday amid global trade jitters after Beijing ratcheted up its war of words with Washington, while the end of Brexit talks between British political parties put. . .  Full story

IATA expects trade tensions to hit airline profit outlook

17/05 Global airlines body IATA expects increasing trade tensions and higher costs will mean a cut in 2019 industry profit forecasts.. . .  Full story

Amazon squares up to Uber with backing for UK food app Deliveroo

17/05 Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.. . .  Full story

Euro zone bond yields slide on Brexit and trade fears

17/05 German bond yields fell back towards more than 2-1/2 year lows on Friday as the collapse of Brexit talks in Britain boosted higher-rated debt and worsened a mood among investors already nervous about trade. . .  Full story

Metro Bank shores up finances, prepares for tough investor meeting

17/05 Metro Bank shares surged on Friday after it raised 375 million pounds ($478 million) to repair its balance sheet, giving the British bank breathing space ahead of a potentially fractious annual meeting next Tuesday.. . .  Full story

EU shrinks tax haven blacklist, removes UK, Dutch territories

17/05 The European Union removed the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados on Friday from the bloc's blacklist of tax havens, leaving no EU territory still on the. . .  Full story

Indebted Lebanon may struggle to refinance as austerity budget stalls

17/05 Lebanon's impasse in agreeing a credible fiscal reform plan and deteriorating global market conditions means it may struggle to refinance key foreign currency debts coming due this year, unnerving overseas investors.. . .  Full story

Argentina grants offshore exploration permits in Malvinas West basin

17/05 Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the country in the Malvinas West basin to companies including Exxon Mobil Corp, Total SA, YPF SA and Royal Dutch Shell. . .  Full story

Britain's M&S to feel transformation pain before profit recovery

17/05 Profit at Marks & Spencer is expected to fall for the third year in a row next week, with underlying sales poised to slip as the British retailer works through a painful "transformation plan".. . .  Full story

Ukraine says oil transit to Europe suspended until Monday

17/05 Ukraine's pipeline operator Ukrtransnafta confirmed on Friday that Russian oil flows transiting it to Europe were suspended, but said normal oil transmission would resume from Monday.. . .  Full story

Russian tycoon wins control of Spain's DIA as financing deadline looms

17/05 Russian tycoon Mikhail Fridman's investment fund LetterOne (L1)has won control of Spanish retailer DIA but has not yet secured support from all of the loss-making group's creditors with three days to go before a financing. . .  Full story

Insurer says Iran's Guards likely to have organised tanker attacks

17/05 Iran's elite Revolutionary Guards (IRGC) are "highly likely" to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers' report seen. . .  Full story

Belarus to seek compensation from Russia for both export and transit revenues lost in oil contamination - Belta

17/05 Belarus plans to seek compensation from Russia for export and transit revenues that it did not receive due to the contamination of oil via the Druzhba pipeline, Belta news agency cited Deputy Prime Minister. . .  Full story

Belarus' Belnefthekhim says oil transit flows to Ukraine suspended

17/05 Belarusian state oil company Belnefthekhim said on Friday Russian oil transit flows to Ukraine had been suspended because the country was still struggling to process contaminated crude it received last month.. . .  Full story

Kazakhstan to seek damages from Transneft for tainted oil loaded in Ust-Luga

17/05 Kazakh oil flowing via Russia to be loaded on tankers at the Baltic Sea port of Ust-Luga has been contaminated and Kazakhstan plans to seek compensation from Russian pipeline monopoly Transneft , a senior Kazakh. . .  Full story

EU wheat in good shape after rain eases concerns over dry spring

17/05 Welcome rain in the four largest European Union wheat producers raised hopes for a good harvest this summer after a dry spring sparked fears of a repeat of last year's drought-damaged crop, experts said. . .  Full story

Italy's Salvini says tax cuts are the only way to reduce debt

17/05 Reducing Italy's high tax burden is the only way to spur growth and lower the country's debt as demanded by the Bank of Italy, Italian Deputy Prime Minister Matteo Salvini said on Friday.. . .  Full story

UK gilt yields slide as PM May loses grip on power

17/05 British government bond yields fell to their lowest level in six weeks on Friday as Prime Minister Theresa May's weakening grip on power revived fears of a no-deal Brexit and prompted investors to buy. . .  Full story

Total halts German refinery units for checks on contaminated Russian crude

17/05 French oil and gas major Total said on Friday that it had suspended operations at some units of the 230,000 barrel-per-day Leuna refinery in Germany for technical checks following the prolonged situation of contaminated Russian. . .  Full story

Acacia Mining says Tanzanian mine to be issued environmental protection order

17/05 Acacia Mining Plc said on Friday its North Mara Gold Mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania.. . .  Full story

World Bank to lend Zambia $100 mln for resource management

17/05 The World Bank has approved a concessional loan of $100 million for Zambia to improve its natural resource management, it said on Friday.. . .  Full story

Kazakhstan aims to raise $3-$5 bln from state energy firm sale, says official

17/05 Kazakh sovereign wealth fund Samruk-Kazyna aims to raise $3 billion to $5 billion from its sale of up to 25 percent in state-owned KazMunayGaz < KMGZ.KZ> next year, the fund's managing director said on. . .  Full story

Masuko to step down as Mitsubishi Motors CEO, Kato to succeed him

17/05 Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.. . .  Full story

Greek NBG to securitise 3 bln euros of soured loans by 2022

17/05 Greece's National Bank (NBG) plans to securitise three billion euros of non-performing mortgage loans by 2022, its chief executive said on Friday, as the country's lenders battle to deal with a legacy of bad. . .  Full story

Staffline plummets after profit warning, Brexit hit to margins

17/05 Britain's Staffline lost more than half of its market value on Friday after a Brexit-led scramble by companies to secure workers for permanent positions hit the recruiter's margins and led it to cut its. . .  Full story

Italy will not allow break-up of Piaggio Aerospace - deputy PM

17/05 Italy's government will not allow a break-up of aircraft maker Piaggio Aerospace, which was placed under special administration last year, Deputy Prime Minister Luigi Di Maio said on Friday.. . .  Full story

Switzerland plans partial privatisation of energy supplier Axpo

17/05 Switzerland is preparing to part-privatise Axpo, the country's largest electricity producer, by allowing private investors to buy up to 49% of the company, documents published by local government authorities show.. . .  Full story

Carrefour considers sale of stake in China business-sources

17/05 Carrefour , Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said.. . .  Full story

Thomas Cook shares sink as Citi warns stock could hit zero

17/05 Thomas Cook Group shares lost a quarter of their value on Friday and bonds hit a record low after Citi downgraded its rating to 'sell' and cut its target price on the stock to. . .  Full story

Nissan retains Saikawa as CEO, in likely rebuff of Renault

17/05 Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault had earlier pushed for a change. . .  Full story

Britain's easyJet reassures despite tough environment

17/05 British budget airline easyJet said it would meet expectations in 2019 despite a worse trading environment than last year as worries over Brexit and economic weakness in Europe hurt consumer demand.. . .  Full story

U.S. urging talks while "holding gun" at Iran - Iranian military official

17/05 A senior Iranian military official has accused U.S. President Donald Trump of dishonesty, saying Washington is calling for talks while "holding a gun" at Tehran, the semi-official news agency Mehr reported on Friday.. . .  Full story

Asian prices slip as numerous sell tenders overshadow demand

17/05 Asian spot prices for liquefied natural gas (LNG) fell to a three-week low this week as cargoes were offered against little buying interest despite the approach of summer, when warmer weather typically boosts power generation. . .  Full story

Alpiq sells Czech power plants to Sev.en Energy for $313 mln

17/05 Swiss electricity producer Alpiq has agreed to sell its two Czech coal-fired power stations to the Czech Republic's Sev.en Energy for around 280 million euros ($313 million), the companies said on Friday.. . .  Full story

"Lives are cheap": Grief, anger as landslide rocks Myanmar's jade hills

17/05 When Brang Aung left home in early April, his wife pleaded for him to stay for their newborn son's naming ceremony, just a few weeks later.. . .  Full story

UK Stocks-Factors to watch on May 17

17/05 Britain's FTSE 100 index is expected to open 23 points lower at 7,331 on Friday, according to financial bookmakers, with futures up 0.34% ahead of the cash market open.. . .  Full story

First Derivatives CEO Brian Conlon diagnosed with cancer, will remain in role

17/05 Software and consulting company First Derivatives Plc said on Friday that founder and Chief Executive Officer Brian Conlon was diagnosed with cancer, but he would remain in the role during ongoing weekly treatment, which includes. . .  Full story

BP faces investor push to beef up fight against climate change

17/05 BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to. . .  Full story

Investors renew calls for Deutsche Bank to trim investment bank

17/05 Deutsche Bank investors are renewing calls for it to scale back its investment bank division ahead of what promises to be a challenging annual shareholder meeting next week.. . .  Full story

Credit Suisse sets up family office services unit for Greater China's rich

17/05 Credit Suisse Group AG has established a unit focusing on so-called family office services in Greater China, as demand continues to surge among rich Asians wanting to set up private investment vehicles and plan for. . .  Full story

China's Huawei restricted from using U.S. suppliers

17/05 The Trump administration on Thursday officially added China's Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.. . .  Full story

Vale warns Brazil prosecutors another dam at risk of collapse

17/05 Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho. . .  Full story

UK's Metro Bank completes vital capital raise to patch up finances

16/05 Embattled British lender Metro Bank has raised 375 million pounds of vital capital to shore up its finances just hours after launching a discounted funding round on Thursday.. . .  Full story

Debt bubbles could burst as economies slow, threatening stability, bankers warn

16/05 Heavy reliance on debt financing and slow economic growth are leading to the creation of debt bubbles which risk destabilising the entire financial system should a major shock occur, bond bankers and investors warned at. . .  Full story

Gold set to post worst day in a month as equities rebound

16/05 Gold was headed for its biggest one-day percentage decline in a month on Thursday, as the dollar gained and investors opted for riskier assets on the back of robust U.S. economic data even as. . .  Full story

Ministers see deal in June on future euro zone budget

16/05 Euro zone finance ministers failed on Thursday to resolve all differences over the financing of a future budget for the 19 countries sharing the euro, but their chairman Mario Centeno expressed confidence they would reach. . .  Full story

WPP shortlists final bidders for Kantar - sources

16/05 WPP has shortlisted a series of U.S. buyout funds to submit binding bids for a majority stake in its data analytics unit Kantar as it wants to finalise the sale in late June, four. . .  Full story

Japan's Takeda expects binding offers for Latam business by end of May -sources

16/05 Japan's Takeda Pharmaceutical Co expects to receive binding offers for its Latin American business by the end of May, three sources with knowledge of the matter said.. . .  Full story

Europe must maintain own course after U.S. blacklisting of Huawei - Germany

16/05 German Chancellor Angela Merkel and the powerful BDI industry association distanced themselves on Thursday from the U.S. government's decision to put Chinese telecom equipment giant Huawei Technologies on a blacklist.. . .  Full story

Russian deputy PM says Transneft to compensate all parties for dirty oil damages

16/05 Russia's Deputy Prime Minister Dmitry Kozak said on Thursday Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil.. . .  Full story

Financials, miners lead FTSE 100 rebound, but Burberry, Thomas Cook slip

16/05 Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry and Thomas Cook was floored by a profit warning.. . .  Full story

European stocks climb as deal talk outweighs trade fears

16/05 European shares reversed course to end in positive territory on Thursday, with deal-making news in Germany helping to prop up the pan-European benchmark as it overcame fears of an escalation in the U.S.-China trade. . .  Full story

China supply concerns help aluminium to two-week high

16/05 Aluminium prices climbed to two-week highs on Thursday after news of production shutdowns at one of the country's biggest smelters fuelled worries about supplies from top producer China.. . .  Full story

Burberry's profits lack new designer's touch

16/05 Investors in Burberry have yet to see if new designer Riccardo Tisci's ranges are a hit with customers and will boost profits after the luxury brand said on Thursday its full-year results missed expectations.. . .  Full story

Investors hold on to European safe-haven debt as growth, trade worries rise

16/05 Investors bought into European safe-haven government bonds again on Thursday, rattled by U.S.-China trade tensions, concerns about a slowdown in global growth and fears that Italy may break European Union fiscal rules.. . .  Full story

IndiGo owner's shares drop on airline founder feud report

16/05 IndiGo owner Interglobe Aviation's shares tumbled 9 percent on Thursday after a report that the co-founders and two largest shareholders of India's largest airline were at odds over its expansion.. . .  Full story

Russia's Gazprom in talks on five-year Turkmen gas contract- Ifax

16/05 Russian natural gas producer Gazprom is in talks to sign a five-year contract to buy gas in Turkmenistan, Interfax news agency cited Russian Deputy Energy Minister Anatoly Yanovsky as saying on Thursday.. . .  Full story

De Beers, Namibia invest in new diamond mining ship

16/05 Anglo American on Thursday said its De Beers subsidiary was investing in a $468 million new offshore diamond mining ship to mine for diamonds off the coast of Namibia, with the capacity to add. . .  Full story

Asda faces tougher trading conditions after Sainsbury's dream dies

16/05 Asda, the British supermarket arm of U.S. giant Walmart, reported a dip in quarterly sales and warned of an "increasingly challenging backdrop" after regulators thwarted its plan to merge with rival Sainsbury's .. . .  Full story

Italy prosecutors request jail terms for ex Deutsche Bank, Nomura staff in Monte Paschi trial

16/05 Milan prosecutors requested jail terms for four former Deutsche Bank staff and two former Nomura employees in relation with two controversial derivative transactions the two banks arranged for Italian lender Monte dei Paschi di. . .  Full story

Lloyds defends CEO pay after investor anger at annual investor meeting

16/05 Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies.. . .  Full story

Chinese outages a reminder of aluminium's dirty secret: Andy Home

16/05 Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections.. . .  Full story

German landesbanks Helaba and Deka consider tie-up - sources

16/05 German public-sector banks Helaba and Deka are considering a potential tie-up, people close to the matter said, in a sign that the country's fragmented banking market might be moving towards consolidation.. . .  Full story

Euro zone banking at risk of dangerous fragmentation, ECB warns

16/05 Euro zone banks are turning away from cross-border activity, putting at risk the bloc's banking union and raising the risk of dangerous fragmentation, European Central Bank Vice President Luis de Guindos said on Thursday.. . .  Full story

Croatia must speed up economic reforms, improve business environment - central bank head

16/05 Croatia needs to accelerate economic reforms to catch up with its more developed EU peers, central bank governor Boris Vujcic said on Thursday, pointing out that it remained harder to do business there than. . .  Full story

-Airbus CEO says all planemakers to suffer from 'lose-lose' trade war

16/05 Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker's U.S. rival Boeing.. . .  Full story

Merkel on Commerzbank: German govt has no fixed position on mergers

16/05 Chancellor Angela Merkel, when asked about Commerzbank, said on Thursday that the German government has no fixed position on mergers.. . .  Full story

Four arrested as UK, Dutch authorities launch joint biodiesel investigation

16/05 Four people were arrested and addresses raided in Britain, the Netherlands and Belgium in a joint Anglo-Dutch investigation into biodiesel trading at British road fuel supplier Greenergy, the UK's Serious Fraud Office (SFO) said on. . .  Full story

Equinor says Statfjord loading still shut after oil spill

16/05 Equinor has still not identified the source of an oil spill at its Statfjord field in the North Sea, and the loading of crude onto tankers remains shut, the Norwegian company told Reuters on. . .  Full story

Italy's Eni agrees to extend Algeria gas contract to at least 2027

16/05 Italian oil and gas group Eni said on Thursday it had strengthened its ties with Algeria's Sonatrach by renewing a contract to import Algerian gas into Italy until 2027.. . .  Full story

-Norwegian Air shares surge after report of renewed takeover interest

16/05 Norwegian Air shares rose 28% on Thursday following a report by Spanish business daily Expansion that the budget carrier could again become the target of takeover offers.. . .  Full story

Thomas Cook warns on profit again as Brexit delay brings no respite

16/05 British travel group Thomas Cook issued its third profit warning in less than a year on Thursday, sending shares tumbling to a 6-1/2 year low as it said discounting and higher fuel and hotel. . .  Full story

Polish net inflation at 1.7% y/y in April -

16/05 The following is a table of Polish annual net inflation indices for April, published by the central bank on Thursday. Analysts polled by Reuters had expected April net inflation -. . .  Full story

BoE's Woods warns against post-Brexit weakening of bank rules

16/05 Weakening rules for banks and insurers after Brexit would be "anathema", but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on Thursday.. . .  Full story

Genus shares surge on deal to market gene-edited pigs in China

16/05 British livestock genetics firm Genus agreed on Thursday to license its know-how on virus-resistant pigs to Beijing Capital Agribusiness Co Ltd, which will seek regulatory approval for the pigs in the world's biggest pork market.. . .  Full story

UK raises threat level to personnel in Iraq due to Iran risk - Sky news

16/05 Britain has raised the threat level for military forces and diplomats in Iraq because of a heightened security risk from Iran, Sky News said on Thursday.. . .  Full story

EU to compensate Irish beef farmers for Brexit price hit

16/05 The European Union will provide Irish beef farmers with 50 million euros of exceptional aid to compensate for the fall in beef prices suffered as a result of the Brexit process, the European Commission's. . .  Full story

Huawei is a risk so Britain must change course on 5G, ex-MI6 spymaster says

16/05 China's Huawei poses such a grave security risk to the United Kingdom that the government must not allow it to have even a limited role in building 5G networks, a former head of Britain's. . .  Full story

Greece's NBG aims to nearly wipe out non-performing loans by 2022

16/05 Greece's second-largest lender National Bank (NBG) plans to reduce its non-performing loan portfolio to around 5% of total loans by 2022, it said on Thursday, from 41% at the end of 2018.. . .  Full story