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Saturday, May 23, 2015
ECB tells governments: Don't wait to fix Europe's economy
European Central Bank head Mario Draghi says governments that share the euro currency shouldn't wait for better times to push through reforms that would boost sluggish growth.
The European Union offered more money and the promise of visa-free travel to some post-communist nations Friday in an East-West partnership that has tempered its ambitions after Russia's military intervention in Ukraine.
The German economy, Europe's biggest, appears to have reached cruising altitude as business confidence maintained its current high level in May, the Ifo economic institute said Friday.
Friday, May 22, 2015
German rail strike called off, but new dispute looms
German railways operator Deutsche Bahn on Thursday announced an end to a drivers strike that had paralyzed train travel in Europe's biggest economy, after the feuding sides agreed to mediation.
There's a new player in the U.S. cable dating game.
Monday, May 18, 2015
Historically low interest rates in the euro area are becoming an increasing headache for companies forced to set aside billions in extra cash to meet their pension obligations to employees.
Thursday, May 14, 2015
France's conservative-led Senate has approved a pro-business economic reform bill that the Socialist government has promoted despite a rebellion within its own ranks.
Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday.
Wednesday, May 13, 2015
France is poised for economic growth of 0.3 percent in the second quarter of the year, the country's central bank forecast Tuesday, as solid industrial production boosts the eurozone's second-biggest economy.
European competition officials have suspended their review of General Electric's proposed US$14 billion acquisition of the energy business of French rival Alstom.
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