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May, 30, 2016

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Business > Europe
French carmaker Renault has signed agreements with Morocco to invest more than US$1 billion and create 50,000 jobs in the North African country, the Moroccan industry minister said.
 
Without the raft of different policy measures taken by the European Central Bank (ECB), consumer prices in the euro area would have declined last year and economic growth would be weaker than it is, the ECB's chief economist Peter Praet said Thursday.
 
The Moscow construction company executive ticks off bribes typically paid by construction companies here for a long list of permits and inspections needed to build a residential apartment building -- or anything else in Russia.
 
Eurozone private sector business activity ticked up in March after a sharp fall in February, a closely watched survey showed Tuesday, but the outlook remains clouded.
 
The eurozone unemployment rate improved only marginally in February, official data showed Monday, stoking concerns the economy could be slowing after only a modest recovery.
 
European stock markets bounced back on Monday as positive eurozone data and expectations of low U.S. interest rates for some time helped offset renewed concerns over a weak Japanese economy.
 
Airlines still offering waivers for Brussels travel
Travelers who booked trips through Brussels have options while the airport in the Belgian capital works to resume operations after last month's bombings.
 
The British government says public sector construction projects will be encouraged to use UK-made steel, a move designed to shore up an industry in crisis.
 
The UK's Conservative government raised the minimum wage by 7.5 percent on Friday in a move denounced by critics as largely symbolic in an era of state austerity.
 
Turkey's gross domestic product (GDP) grew 4.0 percent in 2015 from a year earlier, the statistics office said Thursday, beating expectations and helped by an unexpectedly robust fourth quarter.
 
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