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July, 29, 2016

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Business > Europe
The small Norwegian company Nordox has prospered in Oslo for 50 years, but it now stands to lose 15 percent of its sales due to an EU deal being hammered out in Brussels, just one of many upshots of Norway's decision to remain outside the bloc.
 
Finland's economy seems to be regaining strength after four difficult years, with Statistics Finland revealing on Friday the best quarterly growth figure since 2011.
 
The United States said on Friday it had signed a major new loan guarantee with Ukraine aimed at helping the war-scarred former Soviet republic stabilize its floundering economy.
 
The European Central Bank held key interest rates at historic lows Thursday, but made no announcement regarding Greece despite speculation it may offer a helping hand to its cash-strapped banks.
 
British retailer Marks & Spencer declared it would stop playing background music in its shops on Wednesday in a move hailed as a victory by anti-noise campaigners.
 
World's longest tunnel opens in Switzerland
The world's longest tunnel officially opened on Wednesday, with the trailblazing rail passage under the Swiss Alps aiming to ease transit through the heart of Europe.
 
EU, Berlin oppose Chinese bid for German robotics maker
Top officials in Brussels and Berlin oppose a Chinese takeover bid of German industrial robotics supplier Kuka, a newspaper reported Monday.
 
Consumer prices across the 19-country eurozone fell in May for the third month in the last four, official figures showed Tuesday, a development that's unlikely to alter expectations that the European Central Bank will refrain from announcing more stimulus measures this week.
 
FRANKFURT - Inflation in Germany was back in positive territory in May, as rising prices for rents and services outweighed falling energy prices, a preliminary estimate showed on Monday.
 
Already suffering from the impact of last year's jihadist attacks, tourism in Paris faces a fresh challenge from the recent wave of violent strikes and protests, tourism bosses warned on Monday.
 
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