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April 29, 2017

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Business > Europe
Eurozone business activity hit its highest rate since May 2011 in December but the outlook remains hostage to political developments, a closely watched survey showed Wednesday.
 
The revival of vinyl records in Britain continued in 2016 with sales jumping to their highest level in 25 years, according to figures released on Tuesday.
 
Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros (US$587), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.
 
European equities got off on the right foot in 2017, pushed higher on Monday by a stellar set of data confirming eurozone manufacturing growth at a 68-month high.
 
Russian inflation fell to 5.4 percent in 2016, the lowest annual rate since the collapse of the Soviet Union a quarter century ago, a preliminary estimate from the Rosstat national statistics agency showed Friday.
 
Lending to households and companies picked up in November in the eurozone, the European Central Bank said Thursday, signaling that its efforts to encourage spending and investment are gaining traction.
 
Italian bank BMPS says ECB wants it to get 8.8bn euro bailout
Italy's troubled third largest bank, Monte dei Paschi di Siena (BMPS), said Tuesday that the European Central Bank has called for it to receive a bailout of 8.8 billion euros ($9.2 billion).
 
Russia supplied nearly a third of Europe's gas needs in 2016, a record amount despite tensions with the European Union and a desire by the bloc to reduce its dependence on Russian supplies.
 
On the crowded morning metro in Helsinki, silence prevails. Everyone is hunched over their smartphone screens, reading the news, checking emails or watching videos.
 
Boxing Day bargains
Customers line up outside Selfridges department store ahead of the Boxing Day sale in central London, on Monday, Dec. 26.
 
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