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Thursday, December 3, 2015
With crude price plunge, Norway's oil capital bids adieu to good times
Sparkling wine instead of champagne, companies canceling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging from record highs, Norway's oil capital Stavanger is hungover after the party.
Wednesday, December 2, 2015
German unemployment fell to new lows in November as the recovery in Europe's biggest economy remains on track and no fallout is yet evident from the migrant crisis, data showed on Tuesday.
Saturday, November 28, 2015
German consumer confidence slipped for a fourth month in a row in November as shoppers worried about the impact of a record influx of asylum seekers, a survey found Thursday.
Friday, November 27, 2015
The UK has quietly canceled a competition to develop carbon capture and storage technology, reversing support for a tool intended to help combat global warming ahead of a climate summit in Paris next week.
The volume of loans to the private sector in the euro area expanded in October, with a bigger bounce recorded than the previous month, European Central Bank data showed on Thursday.
Wednesday, November 25, 2015
Eurozone finance ministers approved a 2 billion euro (US$2.1 billion) payment to Greece on Monday, declaring that Athens had successfully met the strict reform commitments demanded in the country's bailout.
Tuesday, November 24, 2015
Nuclear, renewable: S. Africa's new energy mix
Heavily reliant on coal-fired electricity, South Africa is launching ambitious new projects aimed at diversifying its energy sources and avoiding the regular power cuts that have hobbled the economy in recent years.
Eurozone business activity hit a four-and-a-half year high in November, helping create much-needed jobs in a broad-based upturn despite the impact on France of the Paris attacks, a key survey showed Monday.
Italy on Monday launched a rescue plan for four ailing banks to be financed by their healthy peers.
French private-sector business growth slowed in November, according to a survey published Monday, with some business leaders blaming the Paris attacks.
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