Western Europe

ECB seeks greater power over clearing supervision

ECB seeks greater power over clearing supervision

Published 23/06/2017

FILE PHOTO: The European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo

The European Central Bank has requested enhanced powers to supervise clearing activities, it said on Friday, a move to shore up its authority over London-based euro clearing once Britain leaves the European Union.

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Dollar dips as traders await signals on more Fed hikes

Dollar dips as traders await signals on more Fed hikes

Published 23/06/2017

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data.

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Facebook launches UK initiative to counter online extremist material

Facebook launches UK initiative to counter online extremist material

Published 23/06/2017

The logo of the social network Facebook is seen on a beach during the Cannes Lions in Cannes, France, June 21, 2017. REUTERS/Eric Gaillard

Facebook Inc is launching a UK program to train and fund local organizations to combat extremist material online, as internet companies attempt to clamp down on hate speech and violent content on their services.

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VW waives appeal against German dieselgate compensation cases

VW waives appeal against German dieselgate compensation cases

Published 23/06/2017

FILE PHOTO: A Volkswagen VW car is seen at a car dealer in Bochum, Germany March 16,2016. REUTERS/Ina Fassbender/File Photo

German carmaker Volkswagen (VOWG_p.DE) has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs' calls for compensation.

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Baghdadi death near 100 percent certain: Ifax quotes Russian senator

Baghdadi death near 100 percent certain: Ifax quotes Russian senator

Published 23/06/2017

It was from this medieval mosque that the militants' leader Abu Bakr al-Baghdadi declared a self-styled ''caliphate'' spanning parts of Syria and Iraq three years ago. Al-Baghdadi proclaimed himself ''caliph,'' or ruler of all Muslims, from the pulpit of the mosque on July... REUTERS/Social Media Website via Reuters TV

The likelihood that Islamic State leader Abu Bakr al-Baghdadi has been killed is close to 100 percent, Interfax news agency quoted Viktor Ozerov, the head of the defense committee in the Russian upper house of parliament, as saying on Friday.

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Germans` purchasing power grows at slowest pace in more than three years

Germans` purchasing power grows at slowest pace in more than three years

Published 23/06/2017

FILE PHOTO: A woman checks vegetables at the Biocompany organic supermarket in Berlin, January 31, 2013. REUTERS/Fabrizio Bensch/File Photo

Germans' purchasing power increased in the first quarter at its weakest rate in more than three years as inflation accelerated in Europe's largest economy, data from the Federal Statistics Office showed on Friday.

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German private sector growth slows more than expected in June: PMI

German private sector growth slows more than expected in June: PMI

Published 23/06/2017

FILE PHOTO: A woman is pictured at work at the Ford Fiesta assembly line in Cologne, Germany, January 6, 2016. REUTERS/Wolfgang Rattay/File Photo

Germany's private-sector grew at a slower pace in June, a survey showed on Friday, mainly weighed down by weaker activity in the services sector, where the rate

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Svitolina suffers injury scare ahead of Wimbledon

Svitolina suffers injury scare ahead of Wimbledon

Published 23/06/2017

Tennis - WTA Premier - Aegon Classic - Edgbaston Priory Club, Birmingham, Britain - June 22, 2017 Ukraine's Elina Svitolina in her match against Italy's Camila Giorgi during the second round Action Images via Reuters/Peter Cziborra

World number five Elina Svitolina has expressed fears that a foot injury that contributed to her Aegon Classic defeat to Italian Camila Giorgi in Birmingham on Thursday could lead to her withdrawal from Wimbledon.

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UK offer to EU citizens `very fair`, `very serious`: May

UK offer to EU citizens `very fair`, `very serious`: May

Published 23/06/2017

British Prime Minister Theresa May arrives at the EU summit in Brussels, Belgium, June 23, 2017. REUTERS/Eric Vidal

British Prime Minister Theresa May said on Friday the offer she had made on the rights of EU citizens to live in Britain after Brexit was very fair and very serious and that her government would set out more detailed proposals on Monday.

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Oil edges up, but still set for worst first-half performance in 20 years

Oil edges up, but still set for worst first-half performance in 20 years

Published 23/06/2017

A diesel oil pump is seen at a bus terminal in Vienna, Austria May 31, 2017. REUTERS/Heinz-Peter Bader

Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts.

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