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(MENAFN - AFP) Canada and China have agreed to begin talks for a possible free-trade accord and are aiming to double bilateral commerce by 2025, Canadian Prime Minister Justin Trudeau announced Thursday.

"We've agreed to launch exploratory talks towards a potential free-trade agreement between Canada and China," Trudeau said at a joint news conference with visiting Chinese ...

(MENAFN - AFP) At the mouth of the oil-rich Gulf region, the little-known UAE emirate of Fujairah is positioning itself as a major player in oil exports with a new dock for supertankers.

Sandwiched between the rocky Hajar mountains and the Gulf of Oman, the city of Fujairah has evolved around its port, whose oil terminal and storage facilities keep expanding.

The facility ...

(MENAFN - AFP) Former European competition commissioner Neelie Kroes, under fire Thursday over an undeclared link to a Bahamas-based firm while in office, rose from a distinguished career in Dutch politics to become one of Europe's most powerful women.

But her close ties with business raised eyebrows in the European Parliament even after "Steely Neelie", as she was dubbed, ...

(MENAFN - AFP) The WTO said Thursday the EU and several member states had failed to change subsidies to aircraft maker Airbus that were found to flout global trade rules in a years-long dispute with the US.

The World Trade Organization said in its ruling that "the European Union and certain member States have failed to implement the recommendations and rulings of the DSB ...

(MENAFN - AFP) US sales of existing homes slowed for the second straight month in August, with tight supply partly to blame, the National Association of Realtors said Wednesday.

Despite mortgage loan rates running at record lows and new hiring by companies strong, used home sales across the United States fell 0.9 percent in the month, after a 3.2 percent drop in July.

That ...

(MENAFN - AFP) The US green light for Boeing and Airbus sales to Iran has broken a taboo and opens the door to a potential boom in foreign financial dealings with Tehran, experts said.

As well as a long overdue modernisation for its aging fleet of passenger planes, Wednesday's announcement of US licences for Airbus and Boeing serves to reassure other foreign firms and major ...

(MENAFN - AFP) US unemployment claims fell again in the second week of September, reaching their lowest level in two months in a strong jobs market, the Labor Department announced Thursday.

Initial claims for unemployment insurance, an indicator of the prevalence of layoffs, dropped to 252,000, a decrease of 8,000 claims from last week's level of 260,000.

Analysts had ...

(MENAFN - AFP) European banks took up almost twice the amount of cheap loans analysts had predicted in a second round of European Central Bank refinancing, data showed Thursday, which could signal good news for businesses and households in need of credit.

The ECB said it had agreed to lend 45.3 billion euros ($51 billion) to 249 banks in the eurozone through its so-called ...

(MENAFN - AFP) European lenders took up almost twice the amount of cheap loans that analysts had predicted in a second round of European Central Bank refinancing, according to data released Thursday.

In a move suggesting banks may be increasingly willing to lend to households and businesses, the ECB announced that it had agreed to lend 45.3 billion euros ($51 billion) to ...

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