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February, 26, 2017

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Business > Europe
British Prime Minister Theresa May was hailed as a steadying influence when she took over a country deeply divided by the EU referendum, but six months later she is facing widespread criticism for her apparent Brexit indecision.
 
German industrial orders fell in November, official data showed Friday, but analysts remained confident that Europe's largest economy would see a rebound in growth after a tough summer.
 
Deutsche Bank, Germany's biggest bank, has agreed to pay US$95 million to settle a tax fraud case brought by the U.S. Justice Department, the federal prosecutor in charge has announced.
 
Eurozone business activity hit its highest rate since May 2011 in December but the outlook remains hostage to political developments, a closely watched survey showed Wednesday.
 
The revival of vinyl records in Britain continued in 2016 with sales jumping to their highest level in 25 years, according to figures released on Tuesday.
 
Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros (US$587), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.
 
European equities got off on the right foot in 2017, pushed higher on Monday by a stellar set of data confirming eurozone manufacturing growth at a 68-month high.
 
Russian inflation fell to 5.4 percent in 2016, the lowest annual rate since the collapse of the Soviet Union a quarter century ago, a preliminary estimate from the Rosstat national statistics agency showed Friday.
 
Lending to households and companies picked up in November in the eurozone, the European Central Bank said Thursday, signaling that its efforts to encourage spending and investment are gaining traction.
 
Italian bank BMPS says ECB wants it to get 8.8bn euro bailout
Italy's troubled third largest bank, Monte dei Paschi di Siena (BMPS), said Tuesday that the European Central Bank has called for it to receive a bailout of 8.8 billion euros ($9.2 billion).
 
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