Friday, October 31, 2014
Fifty-one countries have signed an agreement to share financial data and boost efforts to crack down on tax evasion.
Thursday, October 30, 2014
Europe's battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key European Central Bank (ECB) survey showed on Wednesday.
The finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion.
Wednesday, October 29, 2014
Crisis-hit France, which has come under fire from the European Union for breaking the bloc's spending rules, announced “new measures” and “clarifications” to its budget Monday to reduce its deficit by 3.6 billion euros (US$4.6 billion).
Britain headed for a showdown with the European Commission on Monday as Prime Minister David Cameron brushed off an EU payment demand despite warnings he must pay up or face fines.
Monday, October 27, 2014
The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by 10 billion euros (US$12.5 billion).
A proposed Hungarian tax on Internet usage has sparked new accusations of an anti-democratic crackdown in the EU member as tens of thousands are expected to march against the measure Sunday.
Friday, October 24, 2014
A stronger than anticipated economic survey Thursday failed to inspire much optimism in European markets amid ongoing worries over the state of the 18-country eurozone and of France in particular.
British retail sales fell by 0.3 percent in September from the level in August as warm weather delayed purchases of autumn-style clothing, official data showed on Thursday.
Tuesday, October 21, 2014
A leading German pilots' union called a new 35-hour walkout at Lufthansa on Monday in an ongoing dispute over retirement benefits after a weekend of train strikes.