HomeBusiness News – European Union, United Kingdom, Carlos Slim, CyprusBusinessBusiness News – European Union, United Kingdom, Carlos Slim, Cyprus

Business News – European Union, United Kingdom, Carlos Slim, Cyprus

Fuel efficiency law to get EU on road to growth
BRUSSELS (Reuters) – Proposed European legislation on auto fuel efficiency, to be debated this week, could create around 400,000 jobs and save the bloc tens of billions of euros in annual fuel costs, according to a new study.

UK to pledge investment to aerospace industry
(Reuters) – The UK government is set to pledge ahead of Wednesday’s budget, a significant investment into the country’s aerospace industry as part of a long-term strategy to spur growth and keep the industry ahead of international competition.

Mexico’s Slim welcomes planned telecoms reform
MEXICO CITY (Reuters) – Mexican telecoms tycoon Carlos Slim, whose wealth has taken a knock since the government on Monday unveiled a reform bill to overhaul the industry he dominates, said on Sunday he welcomed the plan as a boon for competition. Hailed as the biggest shake-up of Mexico’s phone and television market in decades, the bill aims to boost foreign competition and give regulators the power to force firms to sell assets if they have more than 50 percent of the market. …

Cyprus president tries to amend bailout plan
NICOSIA, Cyprus (AP) — Cyprus’ president said Sunday that he is trying to amend an unpopular euro zone bailout plan that would tax deposits in the country’s banks to reduce its effect on small savers.



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