On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
agreement
Justice Department pursues FCA in emission fraud, financial penalties being negotiated
According to sources familiar with the matter hand, Fiat Chrysler Automobiles (FCA) is close to an agreement to plead guilty to criminal conduct so as to resolve a multiyear emissions fraud probe revolving around its Ram pickup trucks and Jeep… Read More ›
Greece boosts military ties with France, to announce defense deal today
In a statement Greek Prime Minister Kyriakos Mitsotakis said, Athens has been talking to Paris to boost defence ties. The development comes at a time when Greece is aiming to boost the capabilities of its armed forces. In 2020, Greece… Read More ›
Sweden deepens defense cooperation between Norway Denmark midst tensions with Russia
According to a news bulletin from Sweden’s TV4, Stockholm is set to sign a defence cooperation agreement with Denmark and Norway in an effort to counter a deteriorating security situation in the Baltic region. Although Sweden is not a NATO… Read More ›
Boris Johnson and Amazon’s founder Jeff Bezos agreed to work together to fight climate change
In a statement, the office of British Prime Minister Boris Johnson said, he has discussed issues of taxation with Amazon’s founder Jeff Bezos in New York. “The prime minister raised the issue of taxation, and hoped progress could be [made] in… Read More ›
Dubai state-owned property developer Limitless close to signing third debt restricting agreement
In a statement property developer Limitless said, it is close to signing an agreement with creditors over around $760 million of troubled debt, marking its third restructuring in a decade. Dubai state-owned Limitless along with Nakheel, was among the biggest… Read More ›
VW’s shareholders approve $339M compensation for former executives
Volkswagen’s shareholders have approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, with regard to its emissions cheating scandal. The initial deal, announced last month, sees Volkswagen receive $339 million (288 million euros) in… Read More ›
UK liable to pay $56.2 billion as part of post-Brexit financial settlement
In a statement, the executive body of the European Union said, the United Kingdom is liable to pay $56.2 billion (47.5 billion euros) to the bloc as part of its post-Brexit financial settlement. The amount, forming part of the EU’s… Read More ›
Formats other than EU-Russia summit will be explored: German Chancellor Angela Merkel
Leaders from the European Union failed to agree on a proposal led by France and Germany to hold a summit with Russian President Vladimir Putin. Baltic countries along with Poland opposed the move saying it would send the wrong message…. Read More ›
U.S.-UK agree to suspend punitive tariffs on scotch whiskey as first step for finding solution towards civil aviation subsidies
On Thursday, in a report, the Spectator magazine said, Washington and London have hammered out an agreement to suspend retaliatory tariffs on goods including Scotch whisky. The tariffs were imposed earlier as part of a long-running trade dispute over civil… Read More ›