European Union

Highlights: Bank of England rate setters speak in parliament

Highlights: Bank of England rate setters speak in parliament

Published 17/10/2017

Members of the Bank of England interest rate setting committee were speaking in parliament on Tuesday. They also supplied statements to the Treasury Committee. Below are some of their comments: [more…]

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Published 17/10/2017

The leader of Britain's main opposition Labour Party, Jeremy Corbyn, and other politicians could lose their seats if proposals to "cut the cost of politics" go ahead, a report suggested on Tuesday. [more…]

Greek economy in recession in 2016: statistics agency

Greek economy in recession in 2016: statistics agency

Published 17/10/2017

Greece's economy contracted by 0.2 percent last year, the head of statistics service ELSTAT said on Tuesday, releasing its second estimate of full-year 2016 gross domestic product. [more…]

ECB`s Constancio says time to take bubble-bursting `more seriously`

ECB`s Constancio says time to take bubble-bursting `more seriously`

Published 17/10/2017

It is time that authorities in Europe and the other rich parts of the world take the fight against financial bubbles "more seriously" or risk facing another financial crisis, the vice-president of the European Central Bank said on Tuesday. [more…]

EU watchdogs to study cost, performance of mutual funds

EU watchdogs to study cost, performance of mutual funds

Published 17/10/2017

European Union financial watchdogs will conduct a large-scale study into the cost and performance of mutual funds, a top regulator said on Tuesday. [more…]

UK inflation hits 5-1/2-year high in September, keeps BoE hike on track

UK inflation hits 5-1/2-year high in September, keeps BoE hike on track

Published 17/10/2017

British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. [more…]

Key Republican says Trump must work with Europe on Iran

Key Republican says Trump must work with Europe on Iran

Published 16/10/2017

U.S. Senator Bob Corker, the Republican chairman of the Senate Foreign Relations Committee, urged President Donald Trump's administration on Monday to work closely with European allies as it develops its new Iran policy. [more…]

ECB still believes in eventual inflation, wage rise: Draghi

ECB still believes in eventual inflation, wage rise: Draghi

Published 14/10/2017

Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. [more…]

Europe launches sixth Sentinel Earth observation satellite

Europe launches sixth Sentinel Earth observation satellite

Published 13/10/2017

Europe launched the sixth of its Sentinel Earth observation satellites on Friday as part of the multi-billion-euro Copernicus program to monitor volcanic ash and ultraviolet radiation. [more…]

BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

Published 13/10/2017

BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. [more…]