ABAKYALA SSIBASIRU
NEW LIFE TIME FOUNDATION.semedi2003@yahoo.com EDDY MEZAYA IS A REGISTERED MUSIC,CULTURAL,ENTERTAINMENT PROMOTER AND EVENT ORGANIZER ON INTERNATIONAL MARKET AND ALL EUROPEAN UNION.CANTACT ME.
By: AGATALIKO SNOW BY EDDY MEZAYA
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ABAKYALA SSIBASIRU - Video
Recriminations over EU #39;s #39;Open Borders #39; (10Sept14)
Recriminations are building in the EU over the European Union #39;s "Open Borders" no immigration policy. Recorded from RT HD, 10 September 2014.
By: liarpoliticians
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Recriminations over EU's 'Open Borders' (10Sept14) - Video
The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
PHOTOSHow Beats Electronics Came to Be Worth $3 Billion to Apple
The 28-nation bloc's executive Commission said Monday the transaction does not threaten competition because the firms' combined European market share in both fields will be low while facing strong competitors.
Announced in May, the takeover of Beats Electronics and Beats Music for $2.6 billion in cash and $400 million in stock is the most expensive acquisition in Apple's 38-year history.
The move to buy Beats, founded by rapper Dr. Dre and Jimmy Iovine, was widely seen as a bid to counter the increasing threat posed by music streaming services like Pandora and Spotify to Apple Inc.'s iTunes store.
STORYWhy Apple Paid $3 Billion to Acquire Beats
In other developments, Beats' electronics division is being sued by headphone and speaker company Bose, which alleged in a suit filed Friday that the company had infringed five of its patents for noise-canceling technology in its Beats Studio and Studio Wireless lines. The Bose suit has no bearing on Beats' acquisition by Apple.
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European Union Clears Apple-Beats for Take-Off
The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.
With Europe's economy struggling to recover from the worst financial crisis in a generation, EU finance ministers tasked the European Commission, the EU executive, and the European Investment Bank (EIB) to draw up a list of projects that would create growth and decide how to finance them.
"We have given a mandate to the Commission and the EIB to swiftly present an initial report on practical measures that can be taken, on profitable investment projects that are justifiable," Italy's economy minister, Pier Carlo Padoan, told a news conference.
Ministers are expected to discuss the projects and investment tools at their next meeting in Luxembourg in October.
There were no details of what those projects might be.
To finance them, the ministers discussed four ideas: an Italian paper on new financing tools for companies, a Franco-German proposal on how to boost private investments, a Polish proposal on creating a joint EU fund worth 700 billion euros ($907 billion) and a call from incoming European Commission President Jean-Claude Juncker for a 300-billion euro investment program to revive the European economy.
The European Central Bank's plan to resurrect a market for asset-backed securities would be another financing tool.
"We don't have a magic wand but we need growth, we need to stimulate demand without taking on debt," France's finance minister, Michel Sapin, told reporters after the gathering in Milan. "We need the right mix of public and private money."
The European Union's economy, which generates about a quarter of global output, grew by just 0.1 percent last year and its jobless rate is almost double that of the United States, with around 25 million people unemployed.
Investment is the new buzz word among ministers, overriding the German mantra of budget cuts. Germany is under pressure from France and Italy to loosen the fiscal reins and use its overflowing government coffers to ramp up public investment.
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EU Seeks Billions Of Euros To Revive Economy, Plans To Spur Growth
BERLIN: The European Union's new economic sanctions against Russia are a "mistake" because they were imposed just as a week-old ceasefire was bringing calm to the embattled east of Ukraine, the leader of a German business lobby group was quoted saying on Sunday.
Eckard Cordes, chairman of Germany's Committee on Eastern European Economic relations, said his group, which represents the interests of about 200 companies with investments in Russia, had wanted sanctions to be delayed to help bolster the ceasefire.
"We had hoped that the ceasefire could be strengthened by delaying the sanctions," Cordes told the Frankfurter Allgemeine Sonntagszeitung newspaper, calling them a "mistake."
"The new sanctions will not help to relieve tensions. We're probably at the start of a perilous spiral of sanctions."
The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine.
Sanctions from the EU would limit access by Russian oil companies to funds. Sanctions from the United States hit Russia's biggest bank and an arms maker, and bar US firms from helping five Russian oil firms explore hard to reach deposits.
Cordes' group has said German exports to Russia could fall as much as 20-25 per cent this year due to the effect of sanctions.
Germany Economy Minister Sigmar Gabriel said, however, he believed the sanctions would have an effect on Putin.
"I very much hope so," Gabriel told the Bild am Sonntag newspaper. "Russia's economic situation is already far from good. But at the same time everything must be done to get all parties involved back to the negotiating table."
Germany is Russia's biggest trading partner in the European Union and sold about 36 billion euros of goods there last year - almost a third of the EU's total.
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German business lobby group calls European Union sanctions a mistake