Tag Archives: European Union

Report: PSA Peugeot-Citroën gets EU approval for life-line loan from France

By Damon Lowney

PSA Peugeot Citroën is approved by EU to receive governent bailout.

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PSA PeugeotCitroën has been struggling to offer low finance rates to customers since its banking arm, Banque PSA Finance, had its credit score downgraded, which in turn has made it hard for the French carmaker to compete with brands that offer lower finance rates, such as Volkswagen. The French government recognized the catch-22 and, after negotiations with PSA and European Union approval, has guaranteed the banking arm seven billion euro in bonds to secure its debt and lower borrowing costs, Automotive News reports. The infusion of bonds will be spread from January 1, 2013 through December 31, 2016.

As part of the requirements for EU approval, PSA agreed to refrain from acquisitions in excess of 100 million euro per year and curb its debt levels, Automotive News reports. The EU Comission was required to approve the bond infusion before it could take place in an effort to reduce to a minimum “the damaging effects for competitors who have not received support from public funding,” said Joaquin Almunia, EU Competition Commissioner.

In addition to the bonds for Banque PSA, a diesel-hybrid program will also receive 86 million euro from the French government, which was also approved by the EU Commission.

PSA was hit hard by the European auto-market recession and posted a loss of five billion euro last year, and it still has an appetite of 100 million euro per month. We hope this is the start of a turnaround for the struggling automaker.

PSA Peugeot-Citroën gets EU approval for life-line loan from France originally appeared on Autoblog on Wed, 31 Jul 2013 10:01:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Defense Spending In 'New Europe' Is Collapsing

By Mark Adomanis, Contributor

It wasn’t all that long ago that NATO was supposedly going to be rejuvenated by the influx of post-Communist  nations, nations that had previously been a part of the Warsaw Pact (or in the case of the Baltics, the Soviet Union itself). With fresh memories of Russian imperialism these countries would take their membership in NATO seriously, and in their role as NATO policy-makers would help ensure the commitment of the spineless French, Germans, and Italians. “New Europe,” in short, understood that NATO wasn’t some knock-off version of the European Union but was a serious military bloc with serious military responsibilities that demanded a serious commitment of political will and economic resources. …read more

Source: FULL ARTICLE at Forbes Latest

Mideast Quartet welcomes 'courageous decision' of Israel and Palestinians to start final talks

The Quartet of Mideast mediators — the United Nations, United States, European Union and Russia — is welcoming the “courageous decision” of the Israeli and Palestinian leaders to begin final status negotiations aimed at a two-state solution to the decades-old conflict. …read more

Source: FULL ARTICLE at Fox World News

Morsi Meets EU Envoy at Midnight, in Secret Location

By Ruth Brown

Under circumstances that sound straight out of a Le Carre novel, Mohamed Morsi has met with an outsider for the first time since being dumped by Egypt’s military, holding a midnight meeting with the European Union’s top diplomat at an “undisclosed location” last night, the Wall Street Journal . Though many… …read more

Source: FULL ARTICLE at Newser – Home

Violence Leaves 80 Dead in Egypt; EU Seeks to Mediate Between Military, Islamists

After more than 80 supporters of Egypt’s deposed Islamist president were killed and hundreds were injured in clashes with the country’s security forces over the weekend, a European Union delegation was in Cairo on Monday to meet with all sides and help ensure a “fully inclusive transition.” …read more

Source: The Christian Post

Poland's Accession To Euro Zone Increasingly Uncertain

By Luiza Oleszczuk, Contributor

Poland is one of the last of the “new” European Union members delaying its decision to join the common European currency. Another one is the Czech Republic.  The Polish people, more than their government, seem overwhelmingly skeptical of the idea, despite the very positive experience of nearby Estonia, where the economy accelerated after the nation joined the common currency in 2011. Still, the European debt crisis and the major dislocations in the euro zone scare a majority of Poles. …read more

Source: FULL ARTICLE at Forbes Latest

Egypt arrests more Islamists as EU foreign policy chief visits

Egyptian police have arrested two leaders of an Islamist party, the latest to be swept up in a crackdown on the Muslim Brotherhood and its allies, while the European Union’s foreign policy chief was to meet with officials in Cairo on Monday in an attempt to mediate an end to the political deadlock.

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Source: FULL ARTICLE at Fox World News

Coming Soon: America’s Own Islamic ‘no-go’ Zones

By Breaking News

Islam symbol SC Coming soon: Americas own Islamic no go zones

Coming soon to dozens of locations across the United States: America’s own “no-go” zones where Muslims install their own courts, government, justice and punishment, much like the zones that already exist across the European Union.

That’s according to Martin Mawyer of the Christian Action Network.

His organization has been so strong in its opposition to radical Muslim expansion in the U.S., he’s been targeted in a $30 million defamation lawsuit by a group called Muslims of the Americas, founded by Pakistan Sheik Mubarak Ali Gilani.

The claims are that Muslims of the Americas was damaged by CAN’s publication of the book “Twilight in America: The Untold Story of Islamist Terrorist Training Camps Inside America.”

The book accuses Muslims of the Americas of “acting as a front for the radical Islamist group Jamaat al-Fuqra.”

Read More at WND . By Bob Unruh.

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Source: FULL ARTICLE at Western Journalism

Top 10 Myths About Crop Biotechnology and GMOs? Here's The Real Story

By Jon Entine, Contributor

The web has become a sewer channeling scare mongering about crop biotechnology. One of the most common techniques used by anti-biotech campaigners is the circulation of “Top 10” type lists, which purportedly unmask how the biotech industry and top scientists and regulators in the United States, European Union, Japan, Australia, New Zealand and elsewhere are huddling in back rooms churning out lies about GM foods and plotting the destruction of the global food supply (and world health in general, for good measure). …read more

Source: FULL ARTICLE at Forbes Latest

Montenegro’s First Gay Pride Parade Comes Under Attack By Opponents

By The Huffington Post News Editors

BUDVA, Montenegro — Several hundred people shouting “Kill the gays” attacked gay activists and clashed with police on Wednesday in a bid to disrupt the first ever pride event in staunchly conservative Montenegro, which is seeking to improve its human rights record as it bids to join the European Union.

Angry assailants threw rocks, bottles, glasses and various other objects – including chairs from local cafes – at several dozen flag-waving gay activists who shouted back “Kiss the gays.” A shower of stones and bottles also landed on special police securing the gathering in the coastal town of Budva.

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Source: FULL ARTICLE at Huffington Post

Apple Patents Its Own In-Dash Infotainment System

By Jeff Jablansky

A bystander for some time in the world of in-car connectivity, Apple seems ready to dive head-first into the fray, according to patent information made public in early July. Following the lead of Microsoft, which has its name all over Ford’s Sync and MyFord Touch systems, Apple might be quietly preparing for an overwhelming entry into the automotive market not unlike the splash it made with the iPhone.

Siri Eyes Free integration highlights Apple’s approach to designing a tech-heavy, distraction-free driving environment, and automakers already are lining up to make it a part of their connectivity suites. Many of the Cupertino-based giant’s proposed technological advancements already have found their way into production cars, such as haptic-touch screens and programmable dashboards, but the list of functionalities is impressive nonetheless.

Apple Receives Patents for In-Dash Infotainment System

  • As with an iPhone or an iPad, controls on the dashboard and center stack can utilize touch, pinch, and slide movements. The patent information explains the benefit in terms of operating the windshield wipers, which allows for the driver to select exactly the speed and frequency of each wipe rather than defer to fixed intermittent positions.
  • Apple’s patent mimics systems like BMW’s proprietary iDrive for primary controls, highlighted by a central control knob as the lynchpin of functions that are not controlled by voice, in the vein of iDrive.
  • An overhead camera, or two, is responsible for recognizing and monitoring driver and passenger behavior in the car.  Dashboard-mounted cameras are another option, designed for face recognition and airbag deployment based on seats occupied, among other inputs. In some circumstances, the patent hints that the software could disable the ignition for unknown drivers. Infrared technology also lets the car know which occupants are doing what in the cabin.

Of course, it’s worth noting that Apple has thousands of patents and patent applications filed with the U.S. and the European Union, with only a very small amount ever coming to fruition. (Just last year we reported on a steering-wheel-mounted iPod-style remote control that we’ve yet to see any sign of in the real world.) Considering Apple’s already dipped a toe in the waters of in-car connectivity with Eyes Free, we’d imagine that something similar to these patents is in the works in Silicon Valley.

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Source: FULL ARTICLE at Car & Driver

Who will benefit from the new EU telecoms regulation?

Removing mobile phone roaming charges in the European Union may prove more expensive for customers in the long run, a telecoms expert has warned.

E.U. Digital Agenda Commissioner Neelie Kroes proposes doing away with roaming charges, with legislation due to be presented in September. Although consumer groups have cautiously welcomed the idea, she has faced huge opposition from the telecommunications industry.

Paul Reynolds, director of the Competition Economists Group, on Tuesday said that removing roaming charges may not even be great news for customers. CEG economists provide economic and financial advice on competition and regulation.

“Removing the difference between roaming and domestic call charges does not simply mean that roaming charges will disappear, we may see domestic prices go up,” he said. “So although customers who roam a lot may get better value, others could well see their bills increase.”

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Source: FULL ARTICLE at PCWorld

Iran denounces EU blacklisting of Hezbollah's military wing

Iran says the European Union’s decision to blacklist the military wing of Lebanon’s Hezbollah was “strange” and “uncalculated.” Foreign ministry spokesman Abbas Araghchi told a news conference in Tehran Tuesday that the decision by the EU to place the Shiite militant group on its terror list serves Israel’s interests and will only complicate the situation in the Middle East. …read more

Source: FULL ARTICLE at Fox World News

“Take ‘Withdrawal’ out of the Israeli Lexicon” – Inside Israel – News – Israel National News

By Dave Robbins

As Israeli leaders scramble to react to pressure from both sides of the Atlantic – including a European Union boycott against Jewish communities in Judea, Samaria, the Golan Heights and Jerusalem; and US pressure to make concessions to the Palestinian Authority – one group of rabbis insists that the only effective response lies in a return to traditional […]

The post “Take ‘Withdrawal’ out of the Israeli Lexicon” – Inside Israel – News – Israel National News appeared first on Endtime Ministries | End Of The Age | Irvin Baxter.

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Source: Endtime Ministries

US to join EU in fighting Russian auto recycling fee as trade barrier

By Danny King

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If they’re not going to get you on the front end, they’ll get you on the back end. That’s what the European Union is accusing the Russian government of doing with automotive trade restrictions, and the US appears to agree, Reuters reports. The US is joining the EU in a World Trade Organization (WTO) claim that Russia is violating trade agreements by imposing an auto-recycling fees on cars imported into the country.

Russia doesn’t have such a fee for Russia-produced vehicles. Therefore, such a fee is no different than the import tax that the Russians were told to remove in order to become part of the WTO.

When it comes to the automotive industry, Russian trade agreements have become all the more relevant as more people buy cars in the country. By the end of the decade, Russian auto sales will increase to 4.4 million units annually, which would make it the world’s fifth-largest auto market, and will leapfrog Germany to become Europe’s largest, Automotive News reports, citing a report from Boston Consulting Group.

US to join EU in fighting Russian auto recycling fee as trade barrier originally appeared on Autoblog Green on Mon, 22 Jul 2013 07:59:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog