Thursday, March 28, 2013
Snow is piled high on the cars in a deserted dealership in Berlin, and it is not just the stubborn wintry weather that is gnawing at salesman Mustafa Kosak, shivering at his desk in a portable office.
Consumer confidence in Germany has stalled amid fears of a possible resurgence of the euro crisis, a poll found on Wednesday.
Italy's financial system has shown impressive strength but the ongoing recession remains a major threat to its banks, the International Monetary Fund said Tuesday.
Confidence in the eurozone 's economy worsened in March, falling after four straight months of gains and suggesting a hard route out of recession, European Commission data showed on Wednesday.
Britain's banks must raise 25 billion pounds (US$38 billion) of extra capital by December to absorb any future losses on loans, the central bank said, less than investors had expected.
The eurozone's awkward handling of Cyprus's bailout puts extra pressure on the bloc's downgrade-threatened sovereign ratings and shows policymakers overestimate their ability to contain the crisis, credit agency Moody's said.
In bailing out Cyprus and taking funds from savers instead of taxpayers, the eurozone has crossed a Rubicon with implications for future banking rescues in other countries despite assertions that the crisis in the island nation is unique. Cyprus: One-off or Template?
Tuesday, March 26, 2013
House prices in England and Wales posted their biggest month-on-month gain in three years in March, driven by increases in London, a survey showed on Monday.
Monday, March 25, 2013
The sight of valuable fish being thrown back into the sea, mostly to die, has been a public relations headache for the fishing industry and driven calls for a discard ban by celebrity chefs and environmentalists.
Sunday, March 24, 2013
European Union leaders have announced the indefinite postponement of a key summit with Japan intended to launch crucial free trade negotiations next week because of the mounting debt crisis in bankruptcy-threatened Cyprus.