The ratings agency Standard & Poor's (S&P) raised on Friday Spain's sovereign debt rating from BBB- to BBB with a stable outlook.
According to S&P, the rating means Spain has an "adequate capacity to meet financial commitments, but (it is) more subject to adverse economic conditions."
S&P said that "the outlook is stable, reflecting our current view that risks to…Read more
Clydesdale Bank in Scotland will release Britain's first plastic banknotes next year to mark the 125th anniversary of the Forth Bridge, it was confirmed on Friday.
The bank will release two million five-pound (about 8.43 U.S. dollars) notes from March 2015 to coincide with the anniversary of the opening of the rail bridge, according to an official statement.
The Clydesdale…Read more
The European Commission (EC) has approved a Partnership Agreement with Poland on using European Union (EU) funds between 2014 and 2020, Poland's Infrastructure and Development Ministry told local press on Friday.
"It is the most important, quite detailed document that determines the strategy of how to use the new allotment of EU funds for 2014-2020," said Elzbieta Bienkowska.
Poland will…Read more
Companies that participate at this year's agriculture fair in Serbia are pleased that despite heavy floods that hit Serbia recently, many business deals are concluded every day.
The 81st International Agricultural Fair that opened on May 20 in Novi Sad, east Serbia displays the latest from agricultural machinery, equipment from the food industry, chemicals and pesticides, organic food as other…Read more
The United States and the European Union (EU) concluded the fifth round of the Atlantic free trade talks on Friday, without yielding major significant breakthroughs after almost a year of negotiations.
"Nearly all of the negotiating groups met this week, and we're now discussing the proposed agreement wording in most of the negotiating areas," chief U.S. negotiator Dan Mullaney told…Read more
The General Investment Authority (GIA) and the Multilateral Investment Guarantee Agency (MIGA) have signed a memorandum of understanding to encourage the foreign investments' flow to Yemen.
The MoU ,which was signed by GIA's Chairman Dr. Yahya Saleh Mohsen and MIGA's Executive Vice President Keiko Honda, stipulates enhancing cooperation between the two sides and raising the public awareness on the risk…Read more
The United States has suspended about 3.5 million U.S. dollars in military assistance to Thailand following a coup, the State Department said on Friday.
The United States is reviewing the rest of the annual direct assistance to Thailand -- which totaled 10.5 million in fiscal year 2013 -- as well as other aid through global and regional programs, State Department…Read more
Uber, the startup app that connects people with taxis and drivers, is seeking to raise fresh capital that would give it a $12 billion value, the Wall Street Journal reported Friday.
The Journal said Uber, which has already raised significant venture capital, is seeking $500 million from various investor groups.
The company did not respond to an AFP query on…Read more
The Turkish city of Istanbul will host the Ninth Turkish-Arab Economic Forum on Wednesday and Thursday May 28 and 29 which is expected to see the participation of a large number of Arab and Turkish economic and business leaders.
In a press statement issued Friday, the forum organizer Al-Iktissad Wal-Aamal Group said that the meeting will serve as a platform…Read more
Greek Finance Minister Yannis Stournaras on Friday welcomed Greece's credit rating upgrade by Fitch, saying it was more international acknowledgement of the country's efforts to exit the debt crisis.
"Greek peoples' sacrifice is bearing fruit. They are internationally acknowledged. We must safeguard the results," Stournaras said, noting that Fitch is one of the strictest credit rating agencies worldwide and that…Read more