Europe, Middle East and Africa Oil and Gas Correspondent
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Aug 28, 2015

Popular fears aside, businesses often eager for migrant workers

LONDON (Reuters) – Raghad al Sous braved bombings in Syria to keep studying at school before fleeing in 2013 to rejoin her mother, who had been granted refugee status in Britain.

She is now about to start studying at university with the hope of becoming a hospital pharmacist.

Aug 4, 2015

European CEOs shrug off Greece, see recovery gaining pace

LONDON, Aug 4 (Reuters) – Businesses in Europe said a weak
euro, cheaper oil and the European Central Bank’s easy money
policies drove a continued improvement in profitability in the
second quarter, encouraging some companies to invest and hire
more.

Chief Executives of some of the biggest U.S. and European
companies told investors in recent weeks the region was
experiencing a sustained recovery, helped by a turnaround in
southern Europe, which had been a drag for years.

Jul 31, 2015

Western companies look hard at China as growth slows

LONDON (Reuters) – The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts.

Double digit growth rates during the first decade of the millennium lured scores of Western companies to invest heavily in China. But in recent years growth has slowed sharply, hitting demand and raising doubts about the financial health of Chinese companies.

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‚Äôs 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.

    • 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 ..."
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