Friday, May 29, 2015
European Union nations and legislators have reached a deal in principle to create a fund that could generate up to 315 billion euros (US$345 billion) in private- and public-sector investment to upgrade infrastructure, stimulate the EU's sluggish economies and ignite job growth.1 Comment
Tunisia intends to begin talks in October on a free trade deal with the European Union, Tunisian Prime Minister Habib Essid said during a visit to Brussels Wednesday.
Norway's parliamentary parties have agreed that the country's US$900 billion sovereign wealth fund should stop investing in coal companies because of their impact on climate change.
Thursday, May 28, 2015
The European Union and Switzerland signed a major accord Wednesday that will end banking secrecy for EU residents and prevent them from hiding undeclared income in Swiss banks, the European Commission said.
With foreign companies chipping away at their revenue, granite quarries in the Brittany region of France are attempting to regain strength by obtaining a protected geographical label, similar to the one on many French wines.
Wednesday, May 27, 2015
The first financial trader to face prosecution accused of rigging global benchmark interest rates goes on trial in London on Tuesday, following a scandal that handed banks hefty fines and damaged reputations.
Ukrainian security agents on Monday seized documents at the Kiev headquarters of Italy's UniCredit bank as part of a probe aimed at cutting off the suspected illicit financing of pro-Russian rebels in the separatist east.
Saturday, May 23, 2015
European Central Bank head Mario Draghi says governments that share the euro currency shouldn't wait for better times to push through reforms that would boost sluggish growth.
The European Union offered more money and the promise of visa-free travel to some post-communist nations Friday in an East-West partnership that has tempered its ambitions after Russia's military intervention in Ukraine.
The German economy, Europe's biggest, appears to have reached cruising altitude as business confidence maintained its current high level in May, the Ifo economic institute said Friday.