Posts tagged as: European Union

EU duty waiver for Pakistan gets approval from WTO

EU duty waiver for Pakistan gets approval from WTO Geneva: (Wednesday, February 01, 2012) The World Trade Organization has approved European Union’s decision to waive off duties on 75 exportable items from Pakistan today. The EU has taken the decision to extend help for Pakistan in recovering from massive floods rendered the country inundated in […]

Pakistan to receive trade waiver from the European Union says Philippe Thiebaud

Pakistan to receive trade waiver from the European Union  says  Philippe Thiebaud Friday, January 27, 2012: European Union is considering a trade grant to Pakistan for certain products. According to ambassador of France, Philippe Thiebaud, Pakistan will get a special duty waiver for export of certain commodities. This decision will help the country to get […]

Russia to stand by Iran, warns West for strike and sanctions

Russia to stand by Iran, warns West for strike and sanctions Moscow: (Wednesday, January 18, 2012) Maintaining that an attack on Iran will create a catastrophe, Russia has said that US and European Union’s sanctions against Tehran were only aimed at diverting people’s attention from floundering economy. Lamenting that a hostile approach towards Iran and […]

The Euro crisis receives another blow: S&P re-evaluates the rankings of European countries – Part 1

The Eurozone is attracting opprobrium from every side. On the top, public is raising questions on the economic prosperity of the region, the sides are being attacked by the shortfall of internal consumption and Euro is losing its value at the bottom. However, the Euro countries have recently been attacked at the front by Standard […]

The Euro crisis receives another blow: S&P re-evaluates the rankings of European countries – Part 2

France came down from AAA rating to AA+ while Italy and Spain’s ratings were down two notches, reading even worst news from France. Austria was cut to AA+ from AAA; Cyprus to BB+ from BBB; Italy to BBB+ from A; Malta to A- from A; Portugal to BB from BBB-; the Slovak Republic to A […]

U.S President Barrack Obama reduces American military spending

U.S President Barrack Obama has taken the decision to reduce American military expenditure to make the country into a more “leaner military power”. America which has been involved in two full scale wars in the last ten years of the new millennium in Iraq and Afghanistan has now taken a step in the other direction […]

Parliamentary Committee’s recommendations may too hot

Parliamentary Committee’s recommendations may too hot The government will have to take hard and bold decisions if it follows the recommendations of the Parliamentary Committee on National Security (PCNS) with regard to Pakistan’s relations with the U.S. and NATO in terms of war on terror. Reports say that the recommendations finalised by the committee would […]

British Telecom sues Google Android over patent misuse

Apple and Microsoft are not the only ones claiming search engine giant, Google, has violated patents they own. Telecommunication operator, British Telecom (BT), have filed a lawsuit in the United States against the company which has been benefiting from their inventions on Android and services like Google Maps, Google + or their own search engine. […]

European Union closes case against IBM

The European Commission has accepted IBM’s offer to counterparties in order to close a lawsuit filed against them last year. The computer giants were accused of abusing its dominant position in the market for mainframe maintenance. Last September, the European Commission published a proposal made by IBM to keep it from being fined for abusing […]

Pakistan to benefit from its status of non-emerging economy; experts term it a mourning moment

Pakistan to benefit from its status of non-emerging economy; experts term it a mourning moment Sometimes even under-performance pays, if not for everyone else, at least for economically floundering state of Pakistan. Recently, the European Union, in wake of the Euro-debt crisis, has decided to cut on its aid to the emerging economies around the […]

UK Prime Minister David Cameron declines offer of revising EU treaties

The Euro stock market has been showing some incredible output of late. The US companies enlisted in the Eurozone stock exchanges started to show positive results this week followed by the Euro enterprises. The main reason for the recuperation of investors’ trust might be the bold steps taken by the European Union in order to […]

Facebook caught in the thick of violating users’ privacy, their biggest trade weapon

What could be worst for Facebook on the brink of announcing Initial Public Offering? Federal Trade Commission (FTC) warned Facebook to straighten things up before leaping ahead in the corporate world. The FTC gave the social network a nudging wake-up call after concluding their 2-year long investigation into their privacy mechanism. It was more of […]

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