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June, 27, 2016

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Business > Europe
French oil and gas company Total officially launched a project off Britain's remote Shetland Islands on Monday, hailed by London as a "vote of confidence" in the flagging Scottish North Sea oil and gas industry.
 
ECB has become too powerful, says Berlin's economic advisor
The European Central Bank has become too powerful, but largely because politicians have foisted an increasingly political role onto it, one of the German government's key economic advisors said in a newspaper interview Sunday.
 
Prime Minister Alexis Tsipras said Saturday that Greece will return to the bond markets in 2017, seven years after losing access to the markets due to its debt crisis.
 
Credit rating agency Moody's raised Ireland's sovereign debt rating on Saturday, citing confidence in the eurozone member's ability to further cut its deficit after finally forming a government.
 
Try looking for a free Wi-Fi connection in the cafe down the street in Germany and, more likely than not, there isn't one.
 
The German economy, Europe's biggest, grew at its fastest rate in two years in the first three months of 2016, outpacing both the rest of the eurozone and the Group of Seven most industrialized countries, data showed on Friday.
 
European carmakers recorded the highest sales volumes last month since just before the economic crisis bottomed out the market.
 
Plunging client activity and difficult market conditions sent Credit Suisse into a net loss of 302 million Swiss francs (273 million euros, US$311 million) in the first quarter, the bank said Tuesday.
 
BUCHAREST- Romanian prosecutors said Monday they had seized a refinery held by Kazakhstan's KazMunaiGaz, which recently came under Chinese control, in a tax fraud probe.
 
Turkish President Recep Tayyip Erdogan on Sunday came up with a novel scheme to rein in the country's high unemployment levels, saying that every company should take on one unemployed person.
 
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