Europe

TTIP: France says "no" to the EU-US

France is opposed in a decisive manner transatlantic trade agreement of free trade between Europe and the United States, known as TTIP, Transatlantic Trade and Investment Partnership.

French President, Francois Hollande, said he was opposed in the cartel and the secretary of state Matthias Fekl, foreign trade, criticized the persistent position of the Americans and the lack of reciprocity, demanding an end to the negotiations.

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Shell: net profit down 89% in first quarter

The collapse in oil prices affect in a decisive manner on Royal Dutch Shell accounts. The Anglo-Dutch giant has closed the first quarter with a net profit of 421 million euro, a 89% decrease compared to 4.43 billion dollars in the same period of 2015. Without considering depreciation and exceptional costs, net profit amounted to $ 1.55 billion, -58%. The company also announced that it has reduced to 30 billion dollars from 33 previously expected, the investments planned in 2016.

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Official: Eurogroup meeting on May 9 for Greece

The Eurogroup will hold a special meeting to examine the situation of macro-economic adjustment program for Greece. The meeting is scheduled Monday, May 9 starting at 15 in Brussels.

The meeting of ministers of the euro zone Finance, anticipated in late April via Twitter by the spokesman of the President of the Eurogroup, Jeroen Dijsselbloem, "will focus on a comprehensive list of policy reforms and the sustainability of the Greek public debt." "To carry out the first review of the program and unlock additional financial assistance in favor of Greece both of these elements must be defined," he said on the European Council website.

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Air France-KLM reduces losses in the first quarter of 2016

In the first quarter of 2016, Air France-KLM Group has reduced the losses to 155 million euro, a sharp decrease from the 559 million cases of red in the same period last year.

The Dutch French group accounts improved primarily due to lower fuel prices, while weighing on the outlook for the full year the threat of terrorism, which has decreased the passengers, and currency uncertainties related to the value of the euro, which could void the benefits of a cheaper raw.

In the first quarter of 2016, Air France-KLM posted a sales increase of 0.4 percent, rose to 5.6 billion euro, transporting 19 million and 896mila passengers, up 4.6 percent over the same period 2015. increased by 0.3 per cent capacity, in line with the recovery plan Perform 2020, which provides for an increase of 2.3 per cent per annum of places available between 2017 and 2020.

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Fca and Alphabet, near agreement

Close agreement between Fca and Alphabet, the holding company which owns Google, the use by Italian-American automotive group of technology for the automatic guidance developed by Mountain View and that led to the creation of the Google Car prototype.

A technology that Mountain View intends to sell to the various car manufacturers, even if they have had considerable impact in the media that the Google Cars for six years already are testing the software for automated driving on the roads of California. According to some estimates, the prototypes of Mountain View would have accumulated so far 1.5 million miles as part of these tests. However, top managers of Google engaged on the project of four-wheeled robots have always specified that the group is not interested in becoming a car manufacturer, with the role of supplier of components.

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ECB ready to eliminate 500 euro banknote

The fate of the 500-euro banknotes is marked: the Governing Council of 4 May the ECB will decide the abolition mode.
In the stores it will still be accepted, but the production is going to be interrupted. It seems to have come to an end the 500-euro note, long been a target of the EU institutions to be used in criminal activities and money laundering. According to Handelsblatt, in fact, the ECB Governing Council in the May 4 will decide the manner in which the abolition will be performed.

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EBRD allocates fund for small and medium-sized enterprises in Tunisia

The European Bank for Reconstruction and Development (EBRD) has decided to allocate 14 million euro gift to small and medium Tunisian enterprises in order to be eligible for various types of technical assistance: consulting, marketing strategy of products, management human resources, the ISO quality system. This was announced by director of the national program to support SMEs of Berd, Anis El Fahem. The business receiving the aid are those created by at least two years and with a turnover of at least EUR 50,000.

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Euro area: Industry price recovers slightly in March

Slight upturn in inflation in the Euro Zone. In March, producer prices have marked a rise of 0.3% compared to 0.7% reported not revised the previous month. The figure, announced by the European Union statistics (Eurostat), is better than the estimates of analysts who had expected a 0.1% decline. On an annual basis there was instead a decrease of 4.2%, as in the previous month.

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