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May, 30, 2016

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Business > Europe
Tourism booms in Iberia, but leaves some cold
With sunny days getting longer and lazier, sparkling beaches warming up and terrorism fears driving customers away from other Mediterranean destinations, Spain and Portugal are reaping an economic bonanza from tourism.
 
The mainland China authorities have launched a renminbi-denominated sovereign bond in London, the first of its kind outside of the world's second biggest economy, Britain's Treasury said on Thursday.
 
MOSCOW - President Vladimir Putin warned Wednesday that Russia will have to find "new sources of growth" to pull itself out of a lingering economic crisis.
 
What exactly do we agree to when we download a smartphone app? To prove the "absurdity" of lengthy terms and conditions, some Norwegians are reading those of 33 apps, from Tinder to iTunes, in a live two-day readathon.
 
Greece's parliament passes omnibus reform bill to comply with bailout
Greece's parliament on Sunday passed an omnibus reform bill providing for tax hikes, more austerity reforms and a new privatization superfund, which will manage almost all state property.
 
All-night services on London's Underground trains will be launched for the first time in August, the city's new mayor said Monday, despite union protests against the move.
 
Economic growth across the 19-country eurozone is showing further signs of faltering following a strong start to the year. A closely monitored survey of business activity shows that output growth in May slowed to its weakest rate since early 2015.
 
Cyprus sees economy rebound with 2.7% growth
Less than two years ago, amid Cyprus' worst economic crisis in decades, a thrift store run by the Orthodox Church in the heart of medieval Nicosia was awash with jobless people looking for free food.
 
Greece to adopt more cuts and tax hikes for bailout cash from creditors
Greece on Sunday was set to adopt fresh cuts and tax hikes ahead of a Eurogroup meeting that is expected to unlock desperately-needed bailout funds for the debt-ridden nation.
 
A growing number of Europeans are living in "relative poverty", the U.N. labor agency said Wednesday, warning that a lack of quality jobs worldwide was threatening to undo decades of progress in poverty reduction.
 
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