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January, 17, 2017

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Business > Europe
German Vice Chancellor and Economy Minister Sigmar Gabriel on Monday warned U.S. President-elect Donald Trump not to slap punitive tariffs on imports from carmakers like BMW, Daimler and Volkswagen.
 
Europe the top market for Taiwan-made bicycles
Taiwan-made bicycles are highly competitive around the world and mostly exported, with Europe their biggest overseas market, according to the statistics published by the Ministry of Economic Affairs on Monday.
 
Europe's main stock markets rebounded Friday, with London striking a fresh record high, but trading was cautious overall before the weekend pause.
 
Turkey's embattled lira on Wednesday took a new pounding on foreign exchange markets as emergency measures announced by the central bank failed to impress markets rattled by terror attacks and political instability.
 
24-hour Tube strike leaves millions of Londoners waiting
Millions of Londoners endured a chaotic start to the week on Monday after a strike shut down most of the Underground network, including many city center stations.
 
British Prime Minister Theresa May was hailed as a steadying influence when she took over a country deeply divided by the EU referendum, but six months later she is facing widespread criticism for her apparent Brexit indecision.
 
German industrial orders fell in November, official data showed Friday, but analysts remained confident that Europe's largest economy would see a rebound in growth after a tough summer.
 
Deutsche Bank, Germany's biggest bank, has agreed to pay US$95 million to settle a tax fraud case brought by the U.S. Justice Department, the federal prosecutor in charge has announced.
 
Eurozone business activity hit its highest rate since May 2011 in December but the outlook remains hostage to political developments, a closely watched survey showed Wednesday.
 
The revival of vinyl records in Britain continued in 2016 with sales jumping to their highest level in 25 years, according to figures released on Tuesday.
 
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