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October, 1, 2016

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Business > Europe
Berlin goes vegan with 'butcher' shops and singles' night
Long the European capital of techno-driven nightlife, fastidious hipsterdom and low-cost party weekends, Berlin is adding another string to its bow as a vegan haven.
 
A public stimulus program in Germany would contribute little to lifting global growth, the Bundesbank said Monday, shrugging off calls from eurozone partners for Berlin to increase its spending.
 
Eurozone second-quarter growth slowed sharply, official data confirmed Friday, weighed down by Brexit concerns and a poor performance in struggling France and Italy.
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Expanding exports and domestic consumption pushed Germany's economy -- Europe's biggest -- to grow slightly faster than expected between April and June, preliminary data showed on Friday.
 
German energy provider RWE recorded a further net loss in the second quarter as it struggles to reposition itself in a changing energy market.
 
German-British travel giant TUI said on Thursday it is weathering the hard times brought on by a series of terrorist attacks despite a slide in revenues in its third quarter.
 
Germany's largest steelmaker ThyssenKrupp said on Thursday that low prices for steel and other raw materials had weakened results in its third quarter, but confirmed its forecast for the year.
 
British food traditions to lose EU support
Welsh farmers like Rees Roberts, who has 1,000 acres with sheep, cattle and crops, can expect to earn a premium on their meats thanks to a certificate of regional authenticity.
 
The pound dropped below US$1.30 in Asia on Tuesday as the Bank of England's (BoE) post-Brexit interest rate cut and surprise stimulus weighed on the unit.
 
EU member states let Spain and Portugal off the hook on Tuesday, deciding against fines for their repeated breach of budget deficit rules meant to bolster growth and the public finances.
 
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