Search Results for: European countries
These currencies got crushed in 2016
December 29th, 2016
A few countries have fared well, but others have seen the value of their currencies fall dramatically. Here’s a list of the currencies that have been rocked hardest in 2016: Egyptian pound: -59% Egypt took the radical decision to ...
28.7% of EU GDP spent on social protection
December 28th, 2016
Since 2011, social protection expenditure in the European Union (EU) has increased slightly, from 28.3% of GDP in 2011 to 28.7% in 2014, according to data from Eurostat, the statistical office of the European Union. In 2014, the two ...
UK seeks transitional trade deal with EU to avoid Brexit ‘cliff edge’
December 20th, 2016
Britain may need an interim trade agreement with the European Union to smooth its exit from the bloc, said Britain’s Trade Secretary Liam Fox, adding there should not be a “buy back” into many EU regulations. A transitional trade ...
Spains first Fintech incubator and accelerator wants to attract international companies
December 19th, 2016
Spains first Fintech incubator and accelerator wants to attract talents and start-ups from Europe and Latin America. The program includes a 16 weeks incubation in Spain and continues to use a collaborative approachas it does not require any stake ...
Central Bank of Greece forecast a strengthening of growth for 2017
December 16th, 2016
Today, in accordance with its Statute, the Bank of Greece submitted its Interim Report on Monetary Policy 2016 to the Speaker of the Greek Parliament and the Cabinet. Progress with the implementation of the programme and with economic recovery ...
Oil prices rise as planned oil production cuts start to materialize
December 16th, 2016
Oil prices rose on Friday after Kuwait appeared to be lining up bigger supply cuts than had been initially expected from January as part of a coordinated effort by oil producers to drain a global glut. International Brent crude ...
Oil prices soar on global producer deal to cut crude output
December 12th, 2016
Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. Brent crude, the ...
Oil Advances With Asian Stocks While Bonds, Korean Won Decline
December 9th, 2016
Bonds retreat after ECB says it will slow asset purchases European index futures little changed at the start of trading Oil rose a second day before a meeting between OPEC and other major producers on output cuts, as industrial ...
McDonald’s Is Moving Its International Tax Base to the U.K. Amid EU Scrutiny
December 9th, 2016
It has come under growing scrutiny from EU regulators over its tax arrangements in Luxembourg. McDonald‘s said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European ...
Italy passes 2017 budget, paving way for PM Renzi’s resignation
December 7th, 2016
The Italian parliament on Wednesday gave its final approval to the government’s 2017 budget, which has irked the European Union, paving the way for Prime Minister Matteo Renzi to hand in his resignation. Renzi said he would quit following ...
