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December, 11, 2016

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Business > Europe
Russia, Turkey sign pipeline accord after crisis
Russia and Turkey on Monday signed an agreement to build a gas pipeline under the Black Sea, as President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan vowed to intensify relations after a bitter crisis.
 
New EU bailout loans for debt-stricken Greece
Finance ministers from the nations using the euro single currency gave their green light Monday for new loans to Greece to help bolster its debt-stricken economy.
 
Sarajevo's stock exchange on Monday launched an Islamic index, a first for the Balkans region, officials said as investment by Gulf states in Bosnia grows.
 
Taxi drivers in Portugal vow more disruptions over ride-hailing apps
Portuguese taxi drivers vowed Monday to prolong traffic disruption in their protest against ride-hailing apps after a meeting with government officials failed to yield an agreement.
 
With Baltic cod drawing closer to the edge of commercial extinction, the European Union on Monday set tougher catch quotas for fishermen but stayed well above targets sought by scientists and environmentalists.
 
Britain's stock market scored a record high Tuesday as share prices were boosted by the weak pound, which lifts exporters, and a recent bounce in oil prices.
 
Booming exports pumped up Germany's trade surplus in August, as calls grow for Europe's largest economy to use the cash it brings in to nurture growth.
 
Brexit 'clouds' eurozone growth outlook, Draghi says
European Central Bank President Mario Draghi on Saturday said Britain's recent vote to leave the European Union "clouds" the medium-term outlook for growth in the eurozone.
 
'Flash crash' rocks pound as Hollande warns on Brexit
The British pound suffered a dizzying "flash crash" against the euro and U.S. dollar on Friday in a computer-generated sell-off, sending Brexit shockwaves across markets after France warned of perils ahead for Britain. Meanwhile, Asian markets fell.
 
Norway says it plans to spend 225 billion kroner (US$28 billion) of its oil fund -- the largest in the world -- to further stimulate the economy next year in the Scandinavian country that has shown signs of a gradual economic recovery.
 
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