Beijing - A range of non-tariff barriers to market access in China reflect a growing "economic nationalism" that is harming the interests of European firms and local consumers, a European Union business group said in a report released Tuesday.
"European companies are generally optimistic about their business in China, but their concerns remain about market access, transparency, intellectual property rights and environmental sustainability," the European Union Chamber of Commerce in China said.
"Economic nationalism appears to be a growing concern," said the chamber's annual "position paper," which was based on a survey of many of its 1,400 members.
New York - Electronics chain Best Buy is to buy online music service Napster Inc for 121 million dollars in a move to expand the retailer's digital music offerings, the companies said Monday.
New York - US insurer AIG, suffering from a declining share price and facing a possible downgrading of its credit rating, is being forced to extreme measures, including perhaps selling off subsidiaries to extricate itself from billions of dollars in losses, the Wall Street Journal reported in its online edition Sunday.
Berlin - Deutsche Bank is to pay up to 2.7 billion euros (3.8 billion dollars) for a stake of almost 30 per cent in Deutsche Postbank, valuing it at some 9 billion euros, according to reports in Friday's German press.
Cairo - US media mogul Walt Disney once said, "The way to get started is to quit talking and begin doing," which is what the Doing Business report has pushed several Middle Eastern countries to do for the past six years.
Singapore - The Qatar National Bank has upgraded its Singapore operations from a representative office to a branch offering a range of commercial services and products, the bank said Wednesday.
