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December, 8, 2016

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Business > Europe
German economic growth slowed more sharply than expected in the third quarter, official data showed Tuesday, but analysts see Europe's largest economy bouncing back at year's end.
 
British annual inflation surprisingly slowed in October from a two-year high, data showed Tuesday, but it is widely expected to accelerate in the coming months on the back of Brexit.
 
Russia's security service has detained Economy Minister Alexei Ulyukayev on suspicion of taking a US$2 million-dollar bribe over a massive deal involving state-controlled oil giant Rosneft, investigators said Tuesday.
 
For Draghi, Trump complicates EU stimulus
For the European Central Bank and its president, Mario Draghi, Donald Trump's unexpected election victory has complicated an impending day of decision on whether to expand monetary stimulus efforts.
 
Kosovo will finally get its own international telephone code in mid-December after six years of talks with neighboring Serbia, authorities in Pristina announced Sunday.
 
German telecoms operator Deutsche Telekom Thursday stood by its prediction of a strong 2016 after a third quarter boosted by its mobile phone business in the U.S.
 
German energy giant EON on Wednesday said it had booked a loss of 6.4 billion euros in the third quarter after massively overvaluing its fossil fuels spin-off Uniper.
 
Britain's Supreme Court said Tuesday it has set aside four days starting on Dec. 5 to hear the government's appeal against a landmark ruling that it must seek parliament's approval to start the Brexit process.
 
Europe's main stock markets wobbled in cautious deals on Tuesday as election day arrived in the United States.
 
Danish offshore wind farm operator Dong Energy on Tuesday reported a rise in quarterly profit as it confirmed plans to sell its oil and gas operations.
 
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