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December, 10, 2016

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Business > Europe
Maverick Macron enters French presidential race
Thirty-eight-year-old outsider Emmanuel Macron on Wednesday joined an increasingly unpredictable race for the French presidency, vowing to take on "the same men and the same ideas" that dominate national politics.
 
Eurogroup chief Jeroen Dijsselbloem has dismissed as "intellectually impossible" the notion that Britain could retain unfettered access to the European single market while also cutting down on EU immigration.
 
The EU said Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking the bloc's rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.
 
Britain's jobless rate dipped to 4.8 percent in the three months to the end of September, official data showed Wednesday, as employers appeared to shrug off Brexit concerns.
 
The British government has no overarching plan for Brexit and may take another six months to agree a negotiating strategy, according to a leaked memo published by The Times on Tuesday.
 
German economic growth slowed more sharply than expected in the third quarter, official data showed Tuesday, but analysts see Europe's largest economy bouncing back at year's end.
 
British annual inflation surprisingly slowed in October from a two-year high, data showed Tuesday, but it is widely expected to accelerate in the coming months on the back of Brexit.
 
Russia's security service has detained Economy Minister Alexei Ulyukayev on suspicion of taking a US$2 million-dollar bribe over a massive deal involving state-controlled oil giant Rosneft, investigators said Tuesday.
 
For Draghi, Trump complicates EU stimulus
For the European Central Bank and its president, Mario Draghi, Donald Trump's unexpected election victory has complicated an impending day of decision on whether to expand monetary stimulus efforts.
 
Kosovo will finally get its own international telephone code in mid-December after six years of talks with neighboring Serbia, authorities in Pristina announced Sunday.
 
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