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August, 29, 2016

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Business > Europe
European stocks rose Thursday as traders reacted to the outlook for U.S. interest rates and Britain's better-than-expected economic health after the country voted to quit the European Union.
 
Renzi, Merkel, Hollande to meet for Brexit talks on Monday
Italian Prime Minister Matteo Renzi will meet with German Chancellor Angela Merkel and French President Francois Hollande on an Italian island on Monday to discuss the EU's way forward after Britain's shock vote to quit the bloc.
 
Nuclear plant delay may shift UK energy policy to renewables
Britain's decision to stall a Franco-Chinese project to build its first nuclear power plant in a generation has fueled speculation that the new government is reviewing its energy strategy to boost the role of renewables.
 
From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.
 
Berlin goes vegan with 'butcher' shops and singles' night
Long the European capital of techno-driven nightlife, fastidious hipsterdom and low-cost party weekends, Berlin is adding another string to its bow as a vegan haven.
 
A public stimulus program in Germany would contribute little to lifting global growth, the Bundesbank said Monday, shrugging off calls from eurozone partners for Berlin to increase its spending.
 
Eurozone second-quarter growth slowed sharply, official data confirmed Friday, weighed down by Brexit concerns and a poor performance in struggling France and Italy.
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Expanding exports and domestic consumption pushed Germany's economy -- Europe's biggest -- to grow slightly faster than expected between April and June, preliminary data showed on Friday.
 
German energy provider RWE recorded a further net loss in the second quarter as it struggles to reposition itself in a changing energy market.
 
German-British travel giant TUI said on Thursday it is weathering the hard times brought on by a series of terrorist attacks despite a slide in revenues in its third quarter.
 
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