Finance & Economics

US, Cuba Resume Direct Maritime Shipments

Direct maritime shipments from Miami to Cuba resumed Friday for the first time in half a century.
The shipments included items from authorized religious groups, charitable organizations and individuals sending packages to family and friends on the island.

Russia should reject recriminalizing libel, says OSCE media freedom representative

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Optech to deliver state-of-the-art airborne lidar and thermal imaging solution to Bluesky

Optech is to announce that aerial surveying company Bluesky International has purchased a state-of-the-art airborne mapping system, which includes an ALTM lidar sensor as well as a fully integrated long-wave infrared thermal sensor and high-resolution ortho camera. The system combines the Optech Orion M300 ALTM with Optech's CM-LWIR640 and CS-10000 cameras.

Pensions and youth employment: EESC seeks a delicate balance

On Thursday 12 July, the European Economic and Social Committee adopted two opinions on sensitive topics that are at the heart of the debate across Europe: the future of the pension systems and employment for young people. In both cases, the Committee reached a compromise solution and thus established its position for the future debate on two issues that are so vital to the idea of social Europe.

Review of the international role of the euro

The European Central Bank (ECB) publishes today its report on “The international role of the euro”, which examines developments in the use of the euro by non-euro area residents during the year 2011.

Statement by the EC, ECB, and IMF on the Review Mission to Ireland

Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during 3-12 July for the seventh review of the government’s economic programme. Ireland’s policy implementation remains on track despite challenging macroeconomic conditions. In line with the conclusions of the euro area summit statement of 29 June, EC/ECB/IMF teams are discussing with the authorities possible technical solutions to further improve the sustainability of its well-performing adjustment programme. The EC and IMF missions will seek approval for the completion of this review from the relevant EU bodies and the IMF Executive Board respectively.

EU aid worth €7.8 million for redundant Danish shipbuilders and Spanish builders

Over €7.8 million in EU aid to help unemployed workers in Denmark and Spain to retrain and find new work was approved by the Budgets Committee on Thursday. The money would come from the European Globalisation Adjustment Fund (EGF).

Europe in the slow lane on car efficiency standards

Greenpeace criticised the European Commission for diluting new proposed vehicle efficiency standards, following pressure from the car industry.

The European Commission has confirmed a previously agreed target of 95 grammes of CO2 per kilometre (or about 3.7 litres of fuel per 100km) for the average passenger car sold in Europe in 2020. This follows a target of 130g CO2/km in 2015, which carmakers are expected to reach ahead of time.

Northern France Rails into INNOTRANS 2012

Over 25 businesses and organisations from the Nord-Pas-de-Calais and Picardy regions of France will exhibit on the Northern France Rail pavilion at the INNOTRANS trade show in Berlin (Germany) from 18 to 21 September 2012. The pavilion, which will demonstrate the latest innovations in the regions' rail sector, will cover over 320m² at the rail industry's international event.

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Statement by the EC, ECB, and IMF on the Review Mission to Ireland

Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during 3-12 July for the seventh review of the government’s economic program. Ireland’s policy implementation remains on track despite challenging macroeconomic conditions. In line with the conclusions of the euro area summit statement of 29 June, EC/ECB/IMF teams are discussing with the authorities possible technical solutions to further improve the sustainability of its well-performing adjustment program. The EC and IMF missions will seek approval for the completion of this review from the relevant EU bodies and the IMF Executive Board respectively.