Have a cigar: Cuba and Europe to write a business plan

Have a cigar: Cuba and Europe to write a business plan

Reuters reports on new investment related developments between Cuba and Europe, with a focus on possible obstacles in the form of human rights. The good news is, the European Union decided to seek negotiations with Havana on increasing trade, investment and dialogue. This will mark their closest connection after years of tension about Cuba’s human rights…

Hunting credit, firms look beyond wary EU banks

Hunting credit, firms look beyond wary EU banks

Reuters reports that European Union banks have shrunk their loan books by over $5.5 trillion since the global crisis of 2007-08. This, in an attempt to cut risk on their balance sheets, choking off credit to companies and stalling the region’s recovery. As a consequence, businesses hunting credit are now forced to look beyond wary EU banks for…

Insight: Innovative Portuguese exporters boom despite bust at home

Insight: Innovative Portuguese exporters boom despite bust at home

Reuters reports that Portuguese export firms are buzzing with activity despite three years of economic crisis at home. In the words of one footwear designer, Luis Onofre, “It’s a one-way trip. If we stop growing exports, we dig our own grave.” During the depths of Portugal’s crisis in 2012, his firm raised its foreign sales by…

How U.S. spying cost Boeing multibillion-dollar jet contract

How U.S. spying cost Boeing multibillion-dollar jet contract

Brazil had been struggling for years to decide which company to choose for a $4 billion-plus fighter jet contract. Dilma Rousseff was thrilled after a 90-minute meeting in Brasilia on May 31 with U.S. Vice President Joe Biden. After Biden’s reassurances that the United States would not block crucial transfers of technological know-how to Brazil if it…

INSIGHT- Profit bonanza eludes companies chasing obesity business

INSIGHT- Profit bonanza eludes companies chasing obesity business

Reuters reports that soaring diabetes rates, driven by increasing obesity, have fuelled profits at the Danish company, Novo Nordisk’s Kalundborg factory for nearly two decades. Now, the company wants to tackle obesity head on by launching a specific treatment. At first thought, it seems to be a no-brainer. However, in a global economic downturn, modestly effective weight-loss…

Insight: Merkel’s Europe – how her men run Brussels

Insight: Merkel’s Europe – how her men run Brussels

German Chancellor and leader of the Christian Democratic Union (CDU) Angela Merkel falls under Reuters’ political spotlight this month. As Angela Merkel forms a new coalition government after a third successive election triumph, the conservative chancellor can build on efforts, in place since her first term in 2005, that have increased the number of Germans in…