EU Agrees Rules To Tame ‘Wild West’ Crypto Market

PARIS, France – Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile ‘Wild West’ market. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for … More EU Agrees Rules To Tame ‘Wild West’ Crypto Market

Norway Could Allow Airline SAS To Convert Debt To Equity

PARIS, France – Norway will support a plan by airline SAS to convert debt into equity under certain conditions but does not plan to remain a long – term stakeholder, Industry Minister Jan Christian Vestre said on Tuesday. SAS owes the state about 1.5 billion Norwegian crowns ($153 million) from loans made during the COVID-19 … More Norway Could Allow Airline SAS To Convert Debt To Equity

Biden Urges G7 To Stay Together As Leaders Target Russian Gold, Oil Price

PARIS, France – U.S. President Joe Biden told allies ‘we have to stay together’ against Russian on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of the … More Biden Urges G7 To Stay Together As Leaders Target Russian Gold, Oil Price

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

UAE – Romania Joint Committee Examines Enhancing Cooperation Between Both Countries

ABU DHABI, UAE – The United Arab Emirates hosted the second UAE – Romania Joint Committee at the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi. The meeting was co – chaired by Ahmed Al Sayegh, Minister of State and Bogdan Aurescu, Minister of Foreign Affairs of Romania. A number of senior officials … More UAE – Romania Joint Committee Examines Enhancing Cooperation Between Both Countries

DP World, PCFC To Modernise Romania’s Constanta Port With New RO – RO Terminal

ABU DHABI – The Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Cooperation (PCFC) and DP World to develop new infrastructure at the Port of Constanta. The agreement with the Dubai entities will help modernise and turn the Port of Constanta into one of the Black Sea’s most important cargo … More DP World, PCFC To Modernise Romania’s Constanta Port With New RO – RO Terminal

LVMH On ‘A Very Good Track’ For First Half, CEO Says

PARIS, France – LVMH chairman and CEO Bernard Arnauld said on Thursday the French luxury goods giant was a ‘very good track’ regarding its performance for the first six months of the year. ‘I am optimistic, you will see the numbers’, Arnault told reporters during a tech event in Paris, referring to his group which … More LVMH On ‘A Very Good Track’ For First Half, CEO Says

Ferrari Names Carla Liuni New Chief Brand Officer

MILAN, Italy – Ferrari on Monday named former jewellery executive Carla Liuni as its new chief brand officer as the Italian luxury carmaker pushes ahead with an ambitious strategy launched a year ago to diversify beyond cars. Liuni’s appointment is the latest step in a management reshuffle announced earlier this year by new Chief Executive … More Ferrari Names Carla Liuni New Chief Brand Officer

Kering Aims To Double Saint Laurent Sales In Medium Term

PARIS, France – French luxury group Kering aims to double sales at its smaller, fast – growing fashion brand Yves Saint Laurent to billion euros ($5.36 billion) in the medium term, it said in slides after the first day of an investor presentation on Wednesday. Analysts said the target would likely prompt an increase in … More Kering Aims To Double Saint Laurent Sales In Medium Term

U.S. House Panel Probes Saudi Business With Kushner’s Firm

WASHINGTON – A U.S. House of Representatives committee said on Thursday that it was investing the Saudi Arabian government’s $2 billion investment with a firm of Jared Kushner, the son – in – law of former President Donald Trump. ‘The Committee on Oversight and Reform is investigating whether you (Kushner) have improperly traded on your … More U.S. House Panel Probes Saudi Business With Kushner’s Firm