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June, 26, 2016

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Business > Europe
Persistent worries about the global economy and the possibility of Brexit -- Britain's pullout from the European Union -- will probably keep the Federal Reserve on hold this week as it reviews interest rates.
 
France's energy giant EDF will give the final green light to the controversial construction of two nuclear reactors at Hinkley Point in Britain in September, Economy Minister Emmanuel Macron said Sunday.
 
Eurozone business activity slipped in April, a closely watched survey showed Friday, and the outlook remains gloomy despite major stimulus measures from the European Central Bank.
 
German car, truck and bus maker Daimler AG saw net profit fall 32 percent in the first quarter as costs to launch its new E-Class mid-size weighed on the bottom line, the company said Friday.
 
Dutch brewing giant Heineken posted Wednesday an 11.0-percent rise in global beer sales volumes for the first quarter, boosted by the Chinese New Year and Easter.
 
In a breach of the usual strict etiquette on London's crowded Underground, passengers at one station are being told not to walk up the escalators from Monday to reduce congestion.
 
Europe's battered financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday.
 
Medical marijuana activists fear epilepsy drug could undercut them
An experimental epilepsy drug made from cannabis plants grown in England is complicating the medical marijuana debate in hospitals and statehouses.
 
Spain's third-biggest lender CaixaBank on Monday announced plans to launch a takeover bid for the 56 percent of Portugal's fourth-biggest bank BPI that it does not already control.
 
The European Central Bank, increasingly under fire in Germany over its ultra-loose monetary policies, will likely go out of its way to defend its independence at next week's governing council meeting, analysts said.
 
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