Uber may deliver latest blow to European parcel firms

By Atul Prakash LONDON, Feb 16 : Europe’s postal companies, already under pressure from Amazon, could soon face a challenge from Uber, which is moving into deliveries, and other start-ups. UberRUSH — run by Uber but connecting you to a courier rather than a taxi — and new entrants like PiggyBaggy and Nimber, could dent […]

European shares edge lower as bank stocks fall; oils off highs

By Sudip Kar-Gupta and Danilo Masoni LONDON/MILAN, Feb 16 : European shares edged lower on Tuesday, with banking stocks again under pressure after a short rebound, while oil companies came off earlier highs on disappointment over a deal to tackle a global supply glut. The pan-European FTSEurofirst 300 index fell 0.3 percent, reversing initial gains […]

French PM rejects permanent quota system for refugees

By Andreas Rinke and Tatiana Jancarikova MUNICH/BRATISLAVA, Feb 13 : French Prime Minister Manuel Valls rejected today the idea of a permanent quota system for distributing refugees across Europe, putting Paris at odds with Germany ahead of a summit to discuss the EU crisis over migration. Speaking to reporters at a security conference in Munich, […]

EU finance ministers’ head urges ECB to study security risks of 500 euro banknote

By Francesco Guarascio BRUSSELS, Feb 12 : The European Central Bank should make proposals on how to reduce security risks linked to the 500 euro note which can be used for the financing of terrorism, the head of euro zone finance ministers said on Friday. Almost 30 percent of the more than 1 trillion euros […]

Cypriot president says peace talks make progress but work needed

By Michele Kambas ATHENS, Feb 11 : Peace talks in ethnically split Cyprus have shown progress on several fronts, but disagreements persist and work is still needed before a blueprint might be put to a public vote, the country’s president said today. On-off peace talks between estranged Greek and Turkish Cypriots have shown promise since […]