Tuesday

28th Mar 2017

Ticker

Monte dei Paschi bank turns to markets for rescue

Italy's troubled Monte dei Paschi bank announced in a statement after a board meeting in Milan on Sunday that it will seek a market-led rescue before the end of the year. Trading in the bank’s shares was repeatedly halted on the Italian stock exchange on Friday after it emerged that the European Central Bank had refused to give it more time to find investors to back a €5bn cash injection.

Austria wants out of EU migrant relocation scheme

Austria is required to start relocating asylum seekers from Italy and Greece after an exemption to the scheme ended on 11 March. But Austria's chancellor has other ideas and wants the exemption prolonged.

Focus

Uber: It is not necessarily a farewell to Denmark

Ride-sharing service Uber has announced it will shut down activities in Denmark in protest over a new law introducing the same requirements for Uber as for other taxi services.

News in Brief

  1. Uber pulls out of Denmark over new taxi-regulation
  2. EU court validates sanctions on Russia's Rosneft
  3. Luxembourg to team up with Ireland in Apple tax appeal
  4. EU majority against GM crops, but not enough to block them
  5. Turkish referendum voting starts in Europe
  6. Le Pen says she lacks election funds
  7. UN dinner for Cyprus leaders to restart stalled peace talks
  8. Nato moves summit forward so US can attend

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