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June, 27, 2016

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Business > Europe
Montenegro's tourist jewel riven by drug gang feuds
With its winding cobbled streets and stunning Adriatic bay, the Montenegrin town of Kotor draws crowds of visitors each summer.
 
Join the euro? We'll get back to you on that
The euro's waiting room is empty. No one is lining up to join the 19-country currency, and the next memberships -- if any -- will only be years down the road, certainly not in this decade.
 
The Bundesliga Thursday sold the broadcasting rights for four seasons at a record price, in what it said was an important step towards ensuring the "future viability" of German football.
 
The Netherlands will be hit hard if the UK leaves the EU, a Dutch government think tank warned Thursday, predicting a possible 1.2-percent fall in GDP by 2030 and a 10-billion-euro trade loss.
 
Danish utility and offshore wind farm operator Dong Energy on Thursday became one of Europe's biggest initial public offerings (IPOs) this year as its shares began trading on the Copenhagen bourse.
 
The European Central Bank takes a step into uncharted territory Wednesday when it buys bonds issued by companies, in a bid to kick-start sluggish growth and inflation in the eurozone.
 
Germany Wednesday moved to slow the rapid growth of subsidized renewable energy to cap rising costs, drawing fire from environmentalists who charged it is betraying its ambitious climate goals.
 
German industrial production rose in April, pushed up by the manufacturing and energy sectors, after two months of decline, federal statistics office Destatis said Tuesday.
 
One of Europe's smallest states, the Grand Duchy of Luxembourg, cast its eyes to the cosmos on Friday, announcing it would draw up a law to facilitate mining on asteroids.
 
Germany will grow at a slightly slower pace than previously expected, its powerful central bank predicted Friday, cutting its forecasts for Europe's top economy.
 
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