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January, 22, 2017

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Business > Europe
European stocks slip as Italian bank woes resurface
Europe's main stock markets dropped Wednesday, with focus once more on Italian bank Monte dei Paschi, whose shares tumbled on fading hopes that it will avoid a state bailout.
 
Ukraine adopts austerity budget along IMF lines
Ukraine's parliament on Wednesday approved an austerity federal budget for 2017 that doubles minimum wages but keeps the deficit in line with the target set by the International Monetary Fund.
 
Kiev beer lovers cheered the authorities' decision Tuesday to lift a ban on night-time alcohol sales at stores and kiosks that was imposed by the city's no-nonsense mayor ex-boxing champion Vitaly Klitschko.
 
Italy's new Prime Minister Paolo Gentiloni said Monday he will ask parliament to approve a precautionary 20-billion-euro funding package for the country's troubled banks.
 
Australia and France to seal next generation sub deal
France and Australia will sign a multi-billion dollar deal -- which Paris has billed as the "contract of the century" -- for 12 state-of-the-art submarines, their defense ministers said Monday.
 
UK faces postal, transport sector holiday strikes
The United Kingdom faces a Christmas of discontent as labor unions threaten to disrupt airports, rail services and mail deliveries.
 
Wanda off
Tourists ride two-wheeled electric vehicles near the Edificio Espana building on the Plaza de Espana square in Madrid on March 19, 2014.
 
Austerity anxiety
Pensioners march during an anti-austerity rally in Athens, Thursday, Dec. 15.
 
Irish village gears up to party for local business hero Donald Trump
On a windswept coastline in western Ireland, a sleepy hamlet is preparing one hell of an inauguration party on Jan. 20 when billionaire tycoon and local investor Donald Trump becomes U.S. president.
 
May calls for an 'orderly' Brexit
British Prime Minister Theresa May urged her EU counterparts Thursday to make Brexit "as smooth and orderly ... as possible" as they prepared to discuss the process at a dinner without her.
 
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