Europe

Rostec prepares proposals to create airline operating Russian aircraft

MOSCOW, January 20. /TASS/: Rostec prepared a proposal to create a special airline operating Russian aircraft and helicopters to develop regional transportation, Aviation Cluster Industrial Director of the Rostec State Corporation Anatoly Serdyukov told reporters on Monday. In the near future, discussions will be held with all interested parties, after which parameters of the project will be discussed, he added.

Russian border guards confirm Japanese vessel released after paying fine

MOSCOW, January 20. /TASS/: The Border Service of the Russian Federal Security Service (FSB) in the Far East’s Sakhalin Region confirmed on Monday that a Japanese fishing vessel has been released after paying a fine.

The captain of the vessel, Shoyo Maru No. 68., was found guilty of violating fishing rules in Russia’s territorial waters. "After the fine was paid, the administrative arrest of Japanese vessel was lifted and the ship left the Yuzhno-Kurilsk maritime terminal," the press service said.

Algerian President Tebboune says his country ready to host talks between ‘Libyan brothers’

BERLIN, January 20. /TASS/: Algeria is categorically against the current armed conflict in Libya and is ready to host a dialogue between Libya’s conflicting parties, Algeria Press Service news agency reported on Monday citing President Abdelmadjid Tebboune as saying.

The news agency quoted President Tebboune as saying at the international high-level conference on Libya in Germany on Sunday that the international community should "assume its responsibilities by imposing respect for peace and security in this country."

EU industry chief: EU ready to act on digital tax, if OECD fails

PARIS (Reuters) - European industrial policy chief Thierry Breton said on Monday that if discussions at the OECD level on taxation for digital companies such as Amazon (AMZN.O) or Google GOO.O do not bear fruit, the European Union will take action.

“I do not know any optional voluntary tax... On the big digital players, this is obviously not an option,” Breton told a news conference. “If it cannot be reached, we would take up the issue at the level of the Commission,” he added.

EU must consider ways to support Libya truce: Borrell

BRUSSELS (Reuters) - The European Union will discuss all ways to uphold a formal ceasefire in Libya but any peace settlement will need real EU support to make it hold, the EU’s top diplomat Josep Borrell said on Monday.

Asked about whether the EU could consider a military peace-keeping mission, Borrell said: “A ceasefire requires someone to take care of it. You cannot say, ‘this is a ceasefire’ and forget about it ... Someone has to monitor it, to manage it.”

Ukraine to press for plane crash black boxes as Iran minister visits

KIEV (Reuters) - Ukraine will press Iran to hand over the black boxes from the crash of a Ukrainian passenger plane at a meeting with a visiting Iranian delegation on Monday, Foreign Minister Vadym Prystaiko told reporters.

Ukraine would convey the message to visiting Minister of Roads and Urban Development Mohammad Eslami, that returning the black boxes would show that Iran wanted an unbiased investigation of the crash, Prystaiko said.

Climate change pushes investors to take their temperature

LONDON (Reuters) - Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature.

Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 Paris Agreement to combat climate change by limiting planetary warming to well below 2 degrees Celsius, and preferably to 1.5C.

Capitalism seen doing 'more harm than good' in global survey

LONDON (Reuters) - A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week’s Davos meeting of business and political leaders.

This year was the first time the “Edelman Trust Barometer”, which for two decades has polled tens of thousands of people on their trust in core institutions, sought to understand how capitalism itself was viewed.

Subscribe to Europe