News Around the World

Americas

Paraplegic man sues, says Avenatti kept settlement money

A paraplegic man previously represented by Michael Avenatti has filed a lawsuit alleging the embattled lawyer neglected to pay him millions he was due in a settlement with Los Angeles County. Source: Fox News - National Paraplegic man sues, says Avenatti kept...

Europe

Brussels launches new tool to crack down on VAT fraud

A new system to help EU countries crack down on VAT fraud, launched Wednesday by the European Commission, allows EU Member States to rapidly exchange and jointly process VAT data. Source: European Business News Brussels launches new tool to crack down on VAT fraud

Price caps introduced on international calls within the EU

A new maximum price for all international calls and SMS within the EU applies from 15 May, when consumers calling another EU country will pay a maximum amount of 19 cents per minute (+VAT). Source: European Business News Price caps introduced on international calls...

InBev fined EUR 200m for breaching EU antitrust rules

The EU Commission fined Anheuser-Busch InBev, the world's biggest beer brewer, some EUR 200 million Monday for breaching EU antitrust rules through its actions in hampering cross-border sales of beer. Source: European Business News InBev fined EUR 200m for breaching...

German growth forecast cut as economic uncertainty continues

GDP growth in Germany is forecast to be particularly subdued this year, as global uncertainties continue to weigh on Europe's economy, according to the EU Commission's latest economic forecast Tuesday. Source: EU Finance and Monetary News German growth forecast cut as...

Young European farmers get access to EUR 1 bn EU loan package

The EU Commission and European Investment Bank launched a EUR 1 bn loans package Monday targeting specifically young farmers. Nearly a third of young farmers' loan applications were rejected in 2017. Source: EU Finance and Monetary News Young European farmers get...

Auditors review EU support for urban mobility

The European Court of Auditors is examining the effectiveness of EU action on improving the mobility of people in cities and densely populated areas, including progress in managing traffic congestion. Source: EU Finance and Monetary News Auditors review EU support for...

Auditors review EU support for urban mobility

The European Court of Auditors is examining the effectiveness of EU action on improving the mobility of people in cities and densely populated areas, including progress in managing traffic congestion. Source: EU Finance and Monetary News Auditors review EU support for...

Asia

Two tankers struck in suspected attacks in Gulf of Oman: Sources

Two tankers were hit in suspected attacks in the Gulf of Oman and the crew have been evacuated, shipping sources said on Thursday (Jun 13) , a month after a similar incident in which four tankers in the region were struck. Source: Channel News Asia Two tankers struck...

Lee Chong Wei, badminton's modern great

PUTRAJAYA, Malaysia: Quiet and unassuming, Malaysia's Lee Chong Wei rose to become a modern badminton great, beloved by his fans despite his tantalising failures to bring home the biggest trophies of all. The sinewy Lee, blessed with lightning reflexes, retired on...

Italy will discuss later this year how to fund tax cuts: Di Maio

The Italian government is committed to forging ahead with ambitious tax cuts in 2020 and will discuss how to finance them later in the year, Deputy Prime Minister Luigi Di Maio said on Thursday. Source: Channel News Asia Italy will discuss later this year how to fund...

US stocks retreat, oil shares hit

NEW YORK: Wall Street stocks sagged for a second straight session on Wednesday (Jun 12), with petroleum-linked shares sinking with oil prices and banks falling on worries over economic growth. Analysts said ongoing trade tensions between the US and China continued to...

Muted US inflation strengthens case for Fed rate cut

U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year. Source: Channel News Asia Muted US inflation strengthens case for Fed rate cut

Renault's priority is to strengthen Nissan alliance: chairman

Renault sees the strengthening of its Nissan alliance as a priority after a project to merge with Fiat Chrysler failed last week, the French car maker's chairman Jean-Dominique Senard said on Wednesday. Source: Channel News Asia Renault's priority is to...

"Serving the Business Needs and Objectives of Our Clients"