Europe, Middle East and Africa Oil and Gas Correspondent
Tom's Feed
Jun 30, 2015

Capital controls mean Greeks can click, but not buy

LONDON, June 30 (Reuters) – Monday was the day the music
died for thousands of song downloaders and music streamers in
Greece.

The imposition of capital controls on Sunday evening means
Greeks are no longer able to purchase goods or services from
many big international online suppliers including Google
, Apple and Facebook.

Jun 19, 2015

Exclusive: Citigroup to shift European retail banking base to Dublin

LONDON (Reuters) – Citigroup (C.N: Quote, Profile, Research, Stock Buzz) is planning to shift the head office of its European retail banking operation to Dublin from London to benefit from lower costs and capital requirements.

This week the bank wrote to clients to say the UK-based business, Citibank International Limited, which operates a small number of branches across some 20 European countries, would be taken over by Dublin-based Citibank Europe Plc.

Jun 19, 2015

Citigroup to shift European retail banking base to Dublin

LONDON, June 19 (Reuters) – Citigroup is planning to
shift the head office of its European retail banking operation
to Dublin from London to benefit from lower costs and capital
requirements.

This week the bank wrote to clients to say the UK-based
business, Citibank International Limited, which operates a small
number of branches across some 20 European countries, would be
taken over by Dublin-based Citibank Europe Plc.

Jun 12, 2015

Doubts over EU’s proposals for saving U.S. trade deal

LONDON (Reuters) – The European Union has more work to do, experts say, if it hopes to seal a transatlantic trade deal that has been criticized for leaving governments open to international legal action from companies affected by changes to tax and regulation.

The European Commission, the EU’s executive arm, is right now negotiating a trade and investment treaty with the United States – the Transatlantic Trade and Investment Partnership (TTIP) – that it says could add 119 billion euros annually to Europe’s economy and 95 billion euros to the U.S. economy.

Jun 5, 2015

FIFA leads the field on pay

LONDON (Reuters) – Soccer’s international administrators, like players on the field, are collecting salaries that outstrip most of their peers in other sports, and no less so than at FIFA, annual accounts from governing bodies show.

Average pay and pension contributions for staff at Zurich-based FIFA, the global soccer federation which is caught up in a corruption scandal, was $242,000 per employee last year.

Jun 5, 2015

Soccer-FIFA leads the field on pay

LONDON, June 5 (Reuters) – Soccer’s international administrators, like players on the field, are collecting salaries that outstrip most of their peers in other sports, and no less so than at FIFA, annual accounts from governing bodies show.

Average pay and pension contributions for staff at Zurich-based FIFA, the global soccer federation which is caught up in a corruption scandal, was $242,000 per employee last year.

Jun 3, 2015

How to cancel a World Cup

LONDON (Reuters) – It has never been done before and no defined procedure for doing it exists but, in theory, withdrawing the right to host a World Cup from a host nation should be an easy thing to do.

Football has been in turmoil since a series of arrests last week of officials from the world governing body FIFA on U.S. Department of Justice allegations of bribery.

Jun 1, 2015

DirecTV monitors probe of affiliate in FIFA scandal to decide if needs to take action

June 1 (Reuters) – Satellite TV company DirecTV said
it is monitoring the U.S. Department of Justice investigation
into corruption in world soccer to determine what actions might
be necessary in relation to an affiliate at the center of the
graft allegations.

U.S. prosecutors have accused Torneos y Competencias S.A, in
which DirecTV has a stake, of participating in schemes to secure
television rights to football games through bribery.

May 28, 2015

Elite group of British-born residents enjoy ‘non-dom’ tax haven

LONDON, May 28 (Reuters) – At least 800 British-born United
Kingdom residents enjoy “non-domiciled” status, a tax break
intended for temporary residents, according to data released in
response to a Freedom of Information Act request by Reuters.

Lawmakers said the information highlighted the need to
change the tax rules to ban so-called “hereditary non-doms”,
where parents can pass on the tax privilege to their children.

May 26, 2015

Amazon’s Europe changes to boost tax bill, add secrecy

LONDON (Reuters) – Amazon’s decision to change its tax-efficient European business structure could raise its tax bill by as much as $100 million a year but authorities will have to fight for additional money and any payments will be hidden from public view.

Amazon has become one of the highest profile targets of an international drive against tax avoidance that has gained pace in Europe in recent years.

    • About Tom

      "Tom leads our coverage of the oil and gas industry in Europe, the Middle East and Africa and is also author of 'Spills & Spin: The Inside Story of BP'. A former oil broker who turned to journalism 12 years ago, he is regularly interviewed on CNBC and other TV and radio stations on energy matters. Tom has reported from over twenty countries including Iran, Iraq, India, Pakistan, Tanzania, the U.S. and Russia. As Europe, Middle East and Africa Oil & Gas Correspondent, he has chartered the rise in oil prices to record levels, interviewed oil ministers and the CEOs of ..."
    • Follow Tom