Monday, December 2, 2013
The European Central Bank, which recently cut its interest rates to all-time lows, finds itself in the spotlight at its final meeting of the year Thursday to disperse the specter of deflation.
The Icelandic government said Saturday it would write up to 24,000 euros off the mortgage of every household, making good on an election campaign promise despite international warnings over the plan.
Saturday, November 30, 2013
A British IT worker has launched a frantic search of a landfill site after realizing he accidentally threw away a computer drive holding US$7.5 million (5.5 million euros) in the online currency bitcoin.
Eurostat, the EU's statistics office, said the number of unemployed in the eurozone fell for the first time in two and a half years in October and that consumer prices were up 0.9 percent in the year to November.
The Netherlands on Friday dropped out of the exclusive club of AAA rated countries after Standard & Poor's agency downgraded it to AA+, citing weakening growth prospects.
Britain has awarded a record number of offshore oil and gas licenses in its latest round of tenders, it said on Friday, as the country scrambles to attract new exploration before existing infrastructure is decommissioned.
Friday, November 29, 2013
Germany's unemployment rate was steady in November, but the country's much lauded “jobs miracle” could be running out of steam, analysts said Thursday.
Thursday, November 28, 2013
Europe's money market funds fear the twin threat of being charged to park cash at the European Central Bank and tougher regulation could push them to the brink of extinction.
Wednesday, November 27, 2013
British service sector firms are hiring new staff at the fastest rate in six years and are planning to ramp up investment as the country's economic recovery gathers momentum, a survey showed on Tuesday.
Tuesday, November 26, 2013
The British government has sold outstanding loans worth 160 million pounds (US$259 million) from around a quarter of a million students to debt purchaser group Erudio Student Loans Limited.