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May, 2, 2016

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Business > Europe
The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday showed that the 19-country single currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year.
 
The United Kingdom's economic growth slowed in the first quarter of the year, hit by a heavy drop in construction and manufacturing, official data showed on Wednesday.
 
Consumer confidence in Germany is on the rise again as households feel that economic recovery will gather pace in the coming months, a poll found on Wednesday.
 
London boasts largest No. of billionaires: rich list
London has more billionaires -- measured in pounds sterling -- than any other city in the world, according to The Sunday Times newspaper's Rich List 2016.
 
German business confidence slipped unexpectedly in April, but not enough to dent the overall positive mood in Europe's biggest economy, the Ifo economic institute said on Monday.
 
Shares in French energy giant EDF plunged more than 7 percent Monday after it pushed back a decision on the construction of two nuclear reactors at Hinkley Point in Britain.
 
Persistent worries about the global economy and the possibility of Brexit -- Britain's pullout from the European Union -- will probably keep the Federal Reserve on hold this week as it reviews interest rates.
 
France's energy giant EDF will give the final green light to the controversial construction of two nuclear reactors at Hinkley Point in Britain in September, Economy Minister Emmanuel Macron said Sunday.
 
Eurozone business activity slipped in April, a closely watched survey showed Friday, and the outlook remains gloomy despite major stimulus measures from the European Central Bank.
 
German car, truck and bus maker Daimler AG saw net profit fall 32 percent in the first quarter as costs to launch its new E-Class mid-size weighed on the bottom line, the company said Friday.
 
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