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August, 26, 2016

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Business > Europe
Spanish travel agencies cash in on 'Poketourism'
Just like countless other countries, Spain has been hit so hard by the Pokemon Go craze that travel agencies are seeking to cash in on the global phenomenon with specialised tours.
 
German industrial production rebounded in June, official data showed Monday, but analysts warned that the expansion won't redeem a sluggish second quarter for Europe's biggest economy.
 
The French economy is headed for a small rebound in the third quarter after zero growth in the previous three months, the Bank of France said Monday.
 
Britain's Serious Fraud Office is investigating allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group.
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Germany's Economy Ministry has appealed a court ruling against a decision to allow the proposed takeover of a supermarket chain, a saga that has become politically awkward for the country's vice chancellor.
 
British company bosses won pay hikes of ten percent last year, creating a growing wages gap as workers faced restraint, a study showed Monday.
 
Greek firm sees seaweed as business opportunity
Most people don't think of seaweed as a particularly valuable resource. However, a newly founded Greek company, "PHEE," has identified in seaweed a first-class and innovative business opportunity.
 
The pound ticked up slightly Friday after plunging the day before in reaction to the Bank of England's interest rate cut and surprise stimulus to shore up the British economy.
 
Bank of England cuts rates to record low on Brexit
The Bank of England on Thursday slashed interest rates to a record low 0.25 percent and announced a vast stimulus package to combat economic fallout from Britain's looming EU exit.
 
A closely watched monthly economic survey indicates that the British economy is heading for a sizeable contraction in the third quarter in the wake of the country's decision to leave the European Union, whereas the neighboring 19-country eurozone economy appears to have brushed aside any of the negative fallout from so-called Brexit -- at least so far.
 
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