Chinese tourists are big spenders and with the numbers visiting Europe set to soar by nearly 70 percent over the next five years, the countries of the Old Continent are rolling out the red carpet to make the guests feel welcome.
A total 12.4 million Chinese, mostly in guided tour groups, came to Europe in 2017, according to the EuropeanRead more
The EU said Tuesday it is "carefully assessing" Donald Trump's statement on the Iran nuclear deal after the US leader set a 120-day deadline for fixing "disastrous flaws" in the landmark 2015 accord.
The European Union has staunchly defended the deal as the best way to thwart Iran's nuclear ambitions, but Trump has said Washington will abandon the deal andRead more
The EU will remove Panama, South Korea and six other countries from its recently unveiled tax haven blacklist in a quick reversal that drew criticism from activists.
An EU official told AFP that the bloc's finance ministers would pare down the list at talks next week, satisfied that the countries had made commitments to tax reform that Brussels will monitor.Read more
Spain will be taken off the EU's red list of budgetary sinners next year, Prime Minister Mariano Rajoy said on Friday.
Spain and France are currently the only two eurozone countries still under special budget supervision by Brussels for running up deficits in excess of an EU-imposed limit of 3.0 percent of gross domestic product (GDP).
But "Spain will come out ofRead more
From pink razor blades to salon haircuts, women regularly pay more for items and services that are nearly identical to those for men but marketed differently, a German watchdog said Tuesday.
In the country's largest such study to date, the federal anti-discrimination agency (ADS) singled out hairdressers and dry cleaners as the worst offenders, though it found that overall, the price gapRead more
Poland's President Andrzej Duda accused the EU Wednesday of "lying" about his country's judicial reforms hours after the European Commission launched unprecedented disciplinary proceedings against Warsaw for the changes that Brussels says threaten the rule of law.
"Very many representatives of European institutions tell lies about Poland; They're lying. They lie when they say that there are changes in PolandRead more
Both the Presidency Council’s government and the Beida-based interim government have now condemned statements by the new Czech Prime Minister that he was considering sending troops to protect Libya’s southern borders. Andrej Babis had said it was his country’s intention to send a military unit in an effort to prevent illegal migration.
“We condemn this statement which provoked the feelingsRead more
The EU on Monday opened an in-depth investigation into Swedish furniture giant Ikea's tax deals in the Netherlands, in the latest salvo by Brussels against the tax affairs of multinationals.
With the probe, the European Commission is taking a close look at the ways Ikea allegedly used a Dutch subsidiary to slash its tax bill on revenue from megastores around the world.
TheRead more
The EU on Monday opened an in-depth investigation into the complex tax deals tying Swedish furniture giant Ikea with the Netherlands in the latest salvo by Brussels against the tax affairs of multinationals.
"All companies, big or small, multinational or not, should pay their fair share of tax," the EU's anti-trust commissioner Margrethe Vestager said in a statement.
Source: AFPRead more