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May, 28, 2016

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Business > Europe
London boasts largest No. of billionaires: rich list
London has more billionaires -- measured in pounds sterling -- than any other city in the world, according to The Sunday Times newspaper's Rich List 2016.
German business confidence slipped unexpectedly in April, but not enough to dent the overall positive mood in Europe's biggest economy, the Ifo economic institute said on Monday.
Shares in French energy giant EDF plunged more than 7 percent Monday after it pushed back a decision on the construction of two nuclear reactors at Hinkley Point in Britain.
Persistent worries about the global economy and the possibility of Brexit -- Britain's pullout from the European Union -- will probably keep the Federal Reserve on hold this week as it reviews interest rates.
France's energy giant EDF will give the final green light to the controversial construction of two nuclear reactors at Hinkley Point in Britain in September, Economy Minister Emmanuel Macron said Sunday.
Eurozone business activity slipped in April, a closely watched survey showed Friday, and the outlook remains gloomy despite major stimulus measures from the European Central Bank.
German car, truck and bus maker Daimler AG saw net profit fall 32 percent in the first quarter as costs to launch its new E-Class mid-size weighed on the bottom line, the company said Friday.
Dutch brewing giant Heineken posted Wednesday an 11.0-percent rise in global beer sales volumes for the first quarter, boosted by the Chinese New Year and Easter.
In a breach of the usual strict etiquette on London's crowded Underground, passengers at one station are being told not to walk up the escalators from Monday to reduce congestion.
Europe's battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.
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