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Monday, December 7, 2015
For Spanish fishermen, sea's bounty includes plastic
At sunrise in the fishing port of Villajoyosa in eastern Spain, a fleet of traditional fishing boats sets out on the Mediterranean to hunt for cuttlefish, prawns -- and plastic bottles.
Saturday, December 5, 2015
The euro held most of its gains Friday as the European Central Bank's increased economic stimulus fell well short of market expectations.
France's central bank on Friday lowered its economic growth forecasts for 2016 to 1.4 percent from a previous estimate of 1.8 percent and for 2017 to 1.6 percent from an anticipated 1.9 percent.
Friday, December 4, 2015
The European Central Bank cut a key interest rate and extended its stimulus program to bolster the 19-country eurozone economy -- but the actions underwhelmed investors, who pushed stocks sharply lower.
The European Union launched a probe Thursday into tax deals between U.S. fast food giant McDonald's and Luxembourg, as it widens an investigation into tax avoidance by major multinationals that includes Amazon and Apple.
Greek unions paralyzed public services and transport Thursday with a general strike over a planned social security overhaul -- the second walkout in less than a month.
Thursday, December 3, 2015
Eurozone inflation came in lower than expected in November, official data showed on Wednesday, giving further encouragement to the European Central Bank (ECB) to pump up its stimulus to boost the economy.
Greece's state competition watchdog on Tuesday imposed a 31.5-million-euro (US$33.5-million) fine on the country's main beer distributor Athenian Brewery, a Heineken subsidiary, over unfair market practices.
The euro struggled Wednesday despite surprisingly upbeat eurozone economic data that cast doubt on the prospect of more European Central Bank (ECB) easing measures.
Inflation across the 19-country eurozone held steady in November at 0.1 percent over the year, reinforcing the case for the European Central Bank (ECB) to deliver a further big stimulus for the region this week.
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