• Tuesday, July 29, 2014

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European Union

Switzerland, China agree swap boosting role of yuan

The Swiss and Chinese central banks signed a currency swap agreement in Beijing on Monday, marking an important step in the development of a market for yuan in Switzerland, the Swiss central bank BNS said. The agreement, highlighting steps towards international use of the yuan, ensures that Swiss francs will be available in China and that yuan, also known as renminbi, will be supplied to financial centres in Switzerland. The BNS statement said that the agreement was "an important step" for...

What would Bangladesh want to erase?

WE regret to inform you that we are no longer able to show you the following pages from your website in response to certain searches on European versions of Google,” says Google. In May, a European Union's top court ruled that individuals have a “right to be forgotten.” Right after that order Google has been receiving 1,000 requests per day for the removal of search result links. So far Google has received 70,000 erasure requests for over 250,000 web...

EU to increase aid for Bangladesh

The European Union has decided to increase the annual development assistance to Bangladesh to over 100 million Euros from 60 million Euros. The decision was taken to boost the annual assistance for the next seven years starting from 2014, William Hanna, head of delegation of the European Union to Bangladesh, told The Daily Star in an interview at his office yesterday. “These are only grants, not loans. So, these are the money that needs to be used very carefully,” added the...

Workplace Safety

EU lauds progress in Bangladesh

The European Union in a statement yesterday lauded Bangladesh's progress in improving workplace safety and establishing labour rights following the Rana Plaza tragedy last year. “In particular, they are making good progress on inspections of factories according to common standards and an operating manual for assessing building, fire and electrical safety,” Karel De Gucht, EU trade commissioner, said in a speech at the OECD (Organisation for Economic Co-operation and Development) ministerial meeting in Paris on Thursday. The EU, however, believes more...

EU signs pacts with ex-USSR states

EU signs pacts with ex-USSR states

Ukraine, Georgia and Moldova have signed partnership agreements with the European Union, in a move strongly opposed by Russia. The pact - which would bind the three countries more closely to the West both economically and politically - is at the heart of the crisis in Ukraine. Russia said that while the signing of the...

EU for implementing RMG labour reforms

EU for implementing RMG labour reforms

Karel De Gucht, European Commissioner for Trade, has stressed the need for implementing regulation on labour reforms in the garments sector of Bangladesh. At an informal OECD Ministerial Meeting on Rana Plaza Aftermath in Paris, he also said Bangladesh's labour law still needs to address restrictions on trade union formation and membership, no later...

EU worried at state of human rights

The European Union has expressed concern about the human rights situation in Bangladesh and called for bringing the perpetrators to book through proper investigation into each of the allegations of such violation. "We take a serious view of the violation of human rights and we want thorough investigation into each of the violations and bring perpetrators to justice," said Ugo Astuto, director, South and South-East Asia of European External Action Service. Talking to The Daily Star and two other dailies at...

Pran, again!

Pran, again!

The European Union has detained an export shipment of local food processor Pran after rodent excrement, a hazardous element, was found in the consignment. The border control of Italy on May 21 refused entry to the shipment containing Pran-branded noodles, rice, olive pickle, vinegar, potato crackers, sweet toast, mango chutney, puffed rice, among others,...

No Thai polls for at least a yr: junta

Thailand's junta chief yesterday ruled out elections for at least a year to allow time for political "reforms", and defended the recent military coup in the face of rising international alarm. In a televised national address more than a week after the army takeover, Prayut Chan-O-Cha said the new military regime planned to work towards returning the nation of 67 million people to democracy in around 15 months. The general, who was given crucial royal endorsement on Monday, said a first...

European Parliament Elections

Swing to the right

ELECTIONS to the European Parliament came to a close on Sunday, following balloting in the 28 member countries on 22-25 May. Voters chose 751 parliamentarians to represent the 500 million citizens of the European Union. The territory has a combined GDP of EUR 13 trillion, which is the largest in the world.  The shock results emerging on Sunday night confirmed widespread fears of a swing towards extreme right-wing Eurosceptic parties across the continent. Voting started in the UK and the...

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