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December, 6, 2016

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Business > Europe
European markets rebound
European stocks and the euro rebounded sharply Monday as investors were reassured by the speed of Italian Prime Minister Matteo Renzi's resignation after losing a crunch referendum, but Asian markets struggled.
 
The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi's resignation will threaten their recapitalization plans.
 
TISA protest
In this Monday, Dec. 4 photo, demonstrators hold posters and banners during a rally against the proposed Trade in Services Agreement (TISA) in front of World Trade Organization (WTO) headquarters in Geneva, Switzerland.
 
Tsipras, Hollande want move on Greek debt relief in Dec.
Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed Saturday that debt relief measures for the crisis-hit country must be hammered out this month, Tsipras' office said.
 
Airbnb will start enforcing limits to private home rentals in two popular European cities on the home-sharing platform, London and Amsterdam, the company said Thursday.
 
Germany's Lufthansa cancels 890 flights as strike continues
Germany's largest airline, Lufthansa, canceled 890 flights Wednesday after pilots again extended their strike in an ongoing dispute over wages.
 
Will it ever end? Turks have over the past three months nervously watched the steady decline in value of the Turkish lira against the dollar, seeing it hemorrhage more than 10 percent in the past month alone.
 
Growth in borrowing by businesses and households in the eurozone picked up only slightly in October, the European Central Bank said Monday, firming up analysts' expectations it will extend monetary easing next week.
 
Spain has awarded a contract worth 786 million euros (US$832 million) to supply and maintain 15 new high-speed trains for Spanish train maker Talgo, the public works minister said Monday.
 
For ef-fish-iency's sake
In this Sept. 9, 2015 photo, Thomas Kraft of Norpac Fisheries Export inspects a database at a port facility in Benoa, Bali. Kraft established one of the fishing industry's first bar code systems, which gives each fish a tag that can provide details about location, boat, species and weight. He's been using the technology in locations worldwide and says it could easily be expanded to include crews on individual boats to help fight against labor abuse.
 
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