European Union

Europe's space agency braces

Paris - Muslimchronicle

The European Space Agency (ESA) is drawing up contingency plans for projects, commercial deals, and staffing that may be adversely affected by Brexit, senior officials said Wednesday. Programmes throw in flux by Britain's pending departure from the European Union (EU) include the Copernicus satellite constellation to monitor environmental damage, and the Galileo satellite navigation system. "It is not an easyRead more

Macron boosts Merkel ahead of key coalition vote

Paris - Muslimchronicle

French President Emmanuel Macron said Friday that his ambitious EU plans to reform the European Union needed German backing, as Chancellor Angela Merkel gears up for a crucial vote on forming a new coalition. "Our ambition cannot come to fruition alone," Macron told a joint press conference with Merkel before talks in Paris. "It needs to come together with Germany's ambition." On Sunday, someRead more

EU more dependent on Russian gas

London - Muslimchronicle

Despite repeatedly vowing to reduce its energy dependency on Moscow, Europe is more reliant on Russian gas than ever before -- and there are few signs of this trend reversing. Russian gas giant Gazprom said this month it had completed record deliveries towards Europe and Turkey in 2017 at a total of 193.9 billion cubic metres -- eight percent higher than itsRead more

Brexit could cost nearly 500,000 UK jobs

London - Muslimchronicle

Britain’s exit from the European Union could cost the UK almost 500,000 jobs and nearly 50 billion pounds ($68 billion) in investment by 2030, according to a study commissioned by the mayor of London. In a worst-case scenario, Britain would lose 482,000 jobs and 46.7 billion pounds ($62.9 billion) in investments in the next 12 years, according to research publishedRead more

EU approves Lufthansa buyout

Berlin - Muslimchronicle

German carrier Lufthansa (Xetra: LHAB.DE - news) clinched EU approval on Thursday for its scaled back bid to snap up assets of bankrupt Air Berlin (LSE: 0GPE.L - news) , a European Union statement said. Responding to signals that the EU would veto its initial plans, the German behemoth last week ditched its bid to buy Air Berlin's Austrian unitRead more

Uber suffers new blow as EU court rules

LUXEMBOURG - Muslimchronicle

Uber Technologies should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said, in a landmark ruling on Wednesday (Dec 20) that could impact other online businesses in Europe. Uber, which allows passengers to summon a ride through an app on their smartphones, has transformed the taxi industry since its launch inRead more