Economy

European Commission President Jean-Claude Juncker made several comments at the plenary of the European Parliament on Tuesday.

Barclays Plc said Chief Executive Antony Jenkins was to leave, with its chairman John McFarlane taking over executive duties, after the board decided new leadership was required to take the bank forward. 

It said John McFarlane was ideally qualified to take over until a permanent successor to Jenkins was appointed. 

Greece and the referendum on the bail-out proposals were the focus of the July 7 plenary debate on the outgoing Latvian presidency of the Council. Latvian Prime Minister Laimdota Straujuma also discussed the challenges and the achievements of the outgoing Council presidency with MEPs and Jean-Claude Juncker, president of the European Commission

Markets have not yet bought the risks that may emerge from the uncertainty of the domestic political process.

Two recent initiatives will likely galvanize the "Middle Kingdom" - already the world's most populous country, second largest economy, number-one trading nation, and biggest energy consumer - into further consolidating its global ambitions. 

Nikolay Kitov, who is a member of the Boards at Technomarket and K&K Electronics, has been arrested in Bulgaria's capital Sofia, the Bulgarian prosecuting authority has said.

Managed by the Sofia City Prosecutor's Office, the operation to detain him was triggered by an ongoing probe into his alleged involvement in a millions-worth tax fraud scheme.

Free public transport to all citizens was extended until Friday, July 10 the government announced on Tuesday. The measure is applicable to all means of public transport. It is not applicable to private transport.

Europe's main stock markets fell on July 7 awaiting more high-level talks on the Greek crisis and following heavy losses the day before.

After rising at the open, indices turned red as Frankfurt's DAX 30 dropped 0.56 percent to 10,829.62 points compared with Monday's close.

Already bridging economic relations between Turkey and the United Kingdom for more than 100 years, the activities of the British Chamber of Commerce in Turkey (BCCT) have been gaining further momentum over the past two years, the BCCT said in a written statement on July 7. 

The Islamic sukuk or bond market is set to drop sharply this year after Malaysia's Central Bank, one of the largest global issuers, stopped doing so, Standard & Poor's said on July 7.