CMA CGM Gets EU Approval for Containerships Takeover

French shipping major CMA CGM has received a green light from the European Commission to acquire Finland’s Containerships. The European Commission concluded that the proposed merger, which was agreed on June 20, 2018, would not raise competition concerns due to its limited impact on the sector. With this move, the combination agreement between Container Finance and
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U.S. and European trade negotiators are chasing quick wins to cement a July cease-fire. Problem is, even seemingly simple trade moves can take years. President Trump and European Commission President Jean-Claude Juncker agreed at the White House on July 25 to avert a trade fight and work toward “zero tariffs, zero non-tariff barriers, and zero
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The European Union vowed to seek a quick and limited trade accord with the U.S. in the hope of keeping at bay the threat of American tariffs on EU cars and auto parts. The pledge at a gathering of commerce ministers from the EU in Innsbruck, Austria, on Friday showed that Europe is still trying
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European Union finance ministers agreed on Tuesday to remove the Pacific island of Palau from an EU list of tax havens. The island had been included on the blacklist in March as its tax rules and practices were deemed not in line with EU standards. After it committed to changes, EU ministers agreed to move
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Parched soils have hampered late-summer rapeseed sowing in Europe, raising the prospect that farmers will shift toward attractively priced wheat for next year’s harvest, analysts said. Barley, which like wheat has seen a price rally amid tightening global supplies, could gain extra area too as farmers turn to cereals and cut back on both rapeseed
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European Union negotiators are ready to offer Theresa May a free-trade area after Brexit but say that, contrary to her “Chequers” plan, there must be a customs border that will make trade less than “frictionless”, according to an internal EU document seen by Reuters. The document – three pages of “defensive points” for EU officials
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The effects of a summer drought have continued to weigh on crops in the European Union despite less severe conditions in the past month, the EU’s crop monitoring service said on Monday, as it trimmed its outlook for 2018 maize and sugar beet yields. Persistent dryness, which has hurt crops and parched grasslands across northern
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The European Union sees little chance of relief from controversial U.S. metal tariffs before mid-2019 while aiming for a narrow trans-Atlantic trade deal to avert any extra American automotive duties, according to one of the bloc’s officials. The European Commission’s current talks with the U.S. to reduce trans-Atlantic market barriers for industrial goods should keep
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Downing Street is refusing to consider proposals to have EU officials stationed at British ports serving Ireland, intended as part of a solution to the problem of the Irish border after Brexit. The compromise plan, which is under consideration by Ireland and Brussels, is aimed at “de-dramatising” the Irish border issue, and reflects the fact
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High-level exchanges between China and Greece are in the interest of both countries and seek to advance their comprehensive strategic partnership. The meeting between Chinese State Councilor and Foreign Minister Wang Yi and Greek Foreign Minister Nikos Kotzias in late August in Beijing constitutes the most recent example. Talking to journalists after this meeting, Kotzias
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