The Cyprus Shipping Chamber participated, as part of the Cypriot delegation, in the recent meeting of the European Community Shipowners’ Association (ECSA), in Brussels, discussing issues of concern to the European Shipping Industry. According to an announcement, the meeting took place in Brussels, on December 1, and CSC was represented by Former CSC President Cap.
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Tighter oversight of euro zone fiscal policy can be achieved through minor, rapid adjustments to the EU treaty, European Council President Herman Van Rompuy told EU leaders in an interim report to be discussed at a summit on Dec. 8-9. The aim would be to achieve a "new fiscal compact" that ties euro zone member
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The European Commission is investigating whether e-book publishers owned by Lagardere, Pearson Plc, News Corp. and two other firms may have colluded with Apple to block rivals via their pricing deals. The decision by the European Commission to open an investigation on Tuesday followed raids on the companies in March this year. U.S. regulators are
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The Dutch competition authority is investigating whether mobile telecoms operators in the Netherlands including KPN, Vodafone, and Deutsche Telekom's T-Mobile engaged in price-fixing or other uncompetitive practices. The competition body did not name any of the companies under investigation but KPN, Vodafone, and T-Mobile issued separate statements saying they were co-operating with the probe. KPN,
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Cyprus-based lender Marfin Popular Bank said on Tuesday its chief executive officer Efthymios Bouloutas had resigned, without citing a reason for his departure. The board unanimously promoted deputy CEO Christos Stylianides as CEO, the group said. In early November, Andreas Vgenopoulos, the non-executive chairman of Marfin Popular resigned, citing a potential conflict of interest as
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India has asked operators of social media networks, including Facebook and Google , to screen user content and remove any offensive material, the information and telecoms minister said on Tuesday, but denied the move was censorship. Kapil Sibal met executives at those companies along with Yahoo and Microsoft on Monday to ask them to implement
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A European Union committee approved more than 200 health claims on Monday for use on food products, which could offer a competitive advantage to companies seeking to target health-conscious EU consumers. The final list was whittled down from over 2,500 applications, and included the claim that sugar-free chewing gum can help neutralise plaque acids, which
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Asian stocks and the euro fell on Tuesday after ratings agency Standard & Poor's warned it might downgrade euro zone countries en masse if European leaders fail to produce a credible plan to solve the region's debt crisis at a summit later this week. The unprecedented warning brought to a halt a rally in global
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Moody's Investors Service has assigned an Aa2 rating to the Qatari government's global bond offering consisting of three tranches: US$2 bln bond due in January 2017, US$2 bln bond due in January 2022, US$1 bln bond due in January 2042. The rating is based on the state of Qatar's Aa2 sovereign issuer rating and supported
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Bank of Cyprus won its shareholders' approval on Monday to boost its capital with a rights issue of up to 396.3 mln euros and a voluntary exchange of convertible securities of up to 600 mln euros, the lender said. Bank of Cyprus and Marfin Popular Bank hold considerable quantities of Greek debt, and both have
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