EU agrees roadmap on 5G services
Businessam Staff
December 6, 2017
The negotiations for Brexit may be taking time to complete but Europe’s telecommunications ministers have been quick to agree a roadmap for 5G. This constitutes a common understanding on the harmonization of 5G spectrum bands and their allocation to telecommunications operators. In a meeting held in Estonia, the member states representatives on the Telecom Council, […]
EU members approve post-2020 CO2 market reform deal
Businessam StaffNovember 22, 2017
Representatives from EU member states Wednesday approved proposed changes to the EU Emissions Trading System, following an informal agreement reached November 8 between the EU Parliament and Council. “The ETS reform will help the EU to deliver on its target of cutting greenhouse gas emissions by at least 40% by 2030, as agreed under the […]
Germany’s economy powers into year-end amid political uncertainty
Businessam StaffNovember 20, 2017
Germany’s economy is probably strong enough to shrug off the country’s dive into political uncertainty for now. The collapse of coalition talks has cast a shadow over Chancellor Angela Merkel’s ability to provide stable leadership for Europe’s most powerful nation, just as the region seeks stronger integration. Yet the turmoil in the capital of Berlin […]
Greece’ economy to get high from medical weed as minister sees 1st round of investments above €1.5bn
Businessam StaffNovember 14, 2017
Investors in medical cannabis projects are focusing on Greece, where a warm, sunny climate and potentially favourable future legislation could help the government deliver on a promise to pull the country out of a seven-year economic crisis. Growers have expressed interest in pumping more than 1.5 billion euros ($1.74 billion) into projects to build greenhouse […]
Turkey faces an economic dilemma that will have global implications
Businessam StaffNovember 11, 2017
Turkish President Recep Tayyip Erdogan has been pushing to increase available credit to spur economic activity. This is a political goal, though one motivated by economic objectives. But Erdogan found that there was not enough domestic capital available to meet Turkey’s lending needs. Turkey has the 17th-largest economy in the world. If it were to […]
Eurozone economy to grow fastest in 2017 in decade- EU forecast
Businessam StaffNovember 9, 2017
The eurozone economy is expected to grow at its fastest pace in a decade this year, according to the European Commission, Thursday, with real gross domestic product (GDP) growth predicted to be 2.2 percent. The autumn forecast is substantially higher than the previous one of 1.7 percent in the spring, but the growth rate will […]
Europe’s carmakers face 30% emission cuts target
Businessam StaffNovember 8, 2017
The European commission has unveiled new proposals for limits on carbon dioxide emissions from passenger cars and vans, which would compel manufacturers to cut emissions from their vehicles by nearly a third from 2030. But the proposals will not require manufacturers to make a fixed quota of their fleet run on electricity, as some campaigners […]
France wants EU to cut international funding of ‘Paradise Papers’ countries
Businessam StaffNovember 7, 2017
France on Tuesday asked its European partners to agree on curbing international funding of states that provide tax shelters, following the huge leak of documents showing the tax affairs of the rich and famous. Finance Minister Bruno Le Maire, ahead of a meeting of European Union peers, called for a “credible” blacklist to be drawn […]
Italy may sell its 30% stake in Eni to settle cash flow problems, pay off debts
Businessam StaffNovember 7, 2017
Italy could soon sell its stake in Eni, a multinational oil and gas company headquartered in Rome, to address its cash flow problems and pay down debts, according to reports gleaned from oil.com. “The idea is to get as much as possible as soon as possible, to cut the public debt causing the least possible […]
German factory orders rise unexpectedly as economy powers ahead
Businessam StaffNovember 6, 2017
German factory orders rose for a second month, adding to signs that Europe’s largest economy will continue expanding at a solid pace. Orders, adjusted for seasonal swings and inflation, increased 1% in September after an upwardly revised surge of 4.1% in August, data from the Economy Ministry in Berlin showed on Monday. The typically volatile […]