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July, 27, 2016

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Business > Europe
The pound edged up on Friday after tumbling in U.S. trade following hints from the head of the Bank of England that it was ready to cut interest rates to stem fallout from Britain's decision to quit the European Union.
 
ASEAN still lags when it comes to the e-commerce market with the six major ASEAN economies collectively accounting for less than one percent of global online retail, a report by A.T. Kearney and CIMB ASEAN Research Institute says.
 
Google's offices in Madrid were being searched in a tax probe Thursday, an internal source said, just over a month after police raided the internet giant in Paris in a similar investigation.
 
Savers will suffer longer with zero returns on their accounts. Home buyers, companies and governments will keep on borrowing cheaply. And questions will grow further about whether central banks are creating bubbles in financial markets by keeping interest rates near or below zero.
 
Britain's car sector on Wednesday said its growth depended on the country keeping "unrestricted access" to the European single market -- a situation thrown into doubt by Brexit.
 
Halal slaughter
This video grab released on Wednesday, June 29, shows sheep suspended as they are still conscious after slaughter during a halal ritual slaughter at the Mercantour slaughterhouse in Puget-Theniers.
 
UK bond yields hit an all-time low on Monday while rates on German debt pushed further into negative territory as investors sought safe haven following a vote to leave the EU.
 
Harrods, the Savoy, the Shard -- London property has long been a magnet for Gulf investors and Britain's vote to leave the European Union is unlikely to dampen their interest, analysts say.
 
Britain's EU workers gripped by worry, heartache
A tsunami of uncertainty has engulfed Anna Woydyla, a Polish restaurant worker in London, since Britain voted to leave the European Union.
 
London fears exodus of bankers and investment
Will Brexit threaten London's long-booming economy?
 
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