World News

London’s Financial Crown at Risk as Rivals Eye Brexit Opportunities

Henry Ridgwell LONDON—By most measures, London rivals New York as the only true global city. But Britain’s vote to leave the European Union, so-called "Brexit", means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. The prospect of leaving the European Union , and with it access to the prized single market of 500 million people, has sent shivers through the city of London. Already some banks, including global giant HSBC, have said they may shift operations to the European mainland. David Slater of promotional body London and Partners…
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World News

EU: Iran Sanctions Could Be Lifted ‘Soon’

VOA News The European Union’s foreign policy chief Federica Mogherini said on Monday that sanctions on Iran could be lifted “soon.” A multilateral agreement reached in July requires Tehran to complete multiple steps regarding its nuclear program before several international sanctions are removed. There is no fixed date for the milestone. The deal intended to keep Iran from developing nuclear weapons. It allows the country to use certain nuclear technologies for peaceful purposes, however. At a news conference in Prague, Mogherini told reporters the so-called “Implementation Day” could come “rather soon.” Secretary of State John Kerry, who participated in weeks…
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This Day In History

Today In History: March 25 1957

Signing of the Treaty of Rome The European Economic Community (EEC) and the European Atomic Energy Community (EAEC) were constituted by the Treaty of Rome. On this day in 1957 the EEC was formed, based on the current European Union. After a year of negotiations, France, Italy, the Federal Republic of Germany, Belgium, Netherlands and Luxembourg signed the Treaty of Rome. It was a series of agreements that began the construction of a new Europe that through economic integration would be a political union. The treaties established several stages in the process of integration in such a way that the…
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Featured

The EU Meets To Discuss Response To Russia

European Union leaders met from 14:30 GMT in Brussels to discuss a new response to block the Russian intervention in the Ukrainian region of Crimea. The German Chancellor, Angela Merkel, said that the EU leaders would agree to new sanctions against Moscow. Merkel said before the Parliament of her country that Russia's actions meant that the G-8 (composed of Germany, Canada, France, United States, Italy, Japan, United Kingdom and Russia) no longer existed. Meanwhile, the Swedish Foreign Minister, Carl Bildt, told the BBC that the EU should offer clear support to Ukraine because the objective of Russia was not Crimea…
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Featured

Putin Calls On US to Stop Cold War Rhetoric

The Russian President, Vladimir Putin, called on United States to halt the "hysteria and cold war rhetoric," during a special session with Russian parliamentarians. He said the West has "exceeded in Ukraine and behaved irresponsibly". Moreover, from the Ministry of Foreign Affairs of Russia said that the sanctions will not remain unanswered, but it did not specify what measures will be taken. The European Union and United States approved Monday the freezing of assets and bans on travel for officials from Russia and Ukraine. The US President Barack Obama, said that they will be considering new sanctions if Russia does not…
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Featured

EU & US Approve Sanctions Against Russian and Ukrainian Officials

The European Union Foreign Ministers and the Government of President Barack Obama agreed to various sanctions against members of the Russian Government and several citizens of Ukraine, involved in the referendum held Sunday in Crimea. The EU approved in Brussels sanctions of travel and assets against 21 officials whose names have not been revealed yet. For his part, President Barack Obama announced the freezing of assets of 11 officials from Russia and Ukraine related to the military incursion on the Ukrainian peninsula of Crimea. The Treasury Department will impose further sanctions on four Ukrainians, including the deposed President Viktor Yanukovych…
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