Tag: Europe

• Friday, March 8th 2019 - 09:15 UTC

  Euro zone interest rates frozen for twelve months given overall slowdown

  

  Interest rates in the Euro zone will not rise until next year at the earliest, the European Central Bank has signaled amid evidence of a slowdown in the 19 countries using the single currency. The ECB also unveiled a round of fresh stimulus, offering banks cheap loans to try to help revive the economy.

• Thursday, March 7th 2019 - 09:06 UTC

  Brits love holidays in Spain: 14 million holidayed in sunny Spain in 2017

  

  Brits love a holiday and whether we’re looking for a beach getaway or a city break, the next flight is often not too far away. But which long haul and short haul destination is the UK’s favorite? How long do we stay and how much do we spend? Newly collected travel data reveals UK’s favorite holiday destinations.

• Thursday, February 28th 2019 - 08:23 UTC

  Investigation into Odebrecht corruption network in the Netherlands

  

  Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies to distribute US$ 100 million in bribes on behalf of Brazilian conglomerate Odebrecht SA.

• Wednesday, February 20th 2019 - 10:16 UTC

  UK supermarkets stockpiling ahead of Brexit on March 29; shortages and higher prices forecasted

  

  Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing trade terms, food industry officials say.

• Wednesday, February 20th 2019 - 09:56 UTC

  Salmon farms in Scotland raided in connection to EU-wide probe into alleged illegal cartels

  

  Raids have been carried out at several salmon farming sites in Scotland in connection with an EU-wide probe into alleged illegal cartels. Officials visited offices in Shetland, Stirling and Fife amid concerns they may have violated anti-trust rules. The European Commission (EC) has said the investigation is at a preliminary stage.

• Friday, February 15th 2019 - 07:15 UTC

  End for a symbol of Europe technology: Airbus will cease production of the A380

  

  The world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe’s greatest industrial adventures and reflects a dearth of orders by airline bosses unwilling to back Airbus’s vision of huge jets to combat airport congestion.

• Tuesday, February 12th 2019 - 09:41 UTC

  UK and Switzerland sign a post-Brexit “continuity agreement” on trade

  

  The UK and Switzerland have signed a deal to continue trading after Brexit as they did before it. The “continuity agreement” - based on the EU's existing free trade deal with Switzerland - was agreed in December but ratified on Monday.

• Saturday, February 9th 2019 - 06:56 UTC

  Measles 2017/18 outbreak in Europe, the highest in a decade

  

  The number of recorded measles cases in Europe more than tripled between 2017 and 2018, marking the highest it’s been in a decade, the World Health Organization said. According to newly released data from the WHO, in 2018, more than 82,000 people were infected with the disease and 72 people died in Europe. In 2017, there were more than 25,000 measles cases in Europe and 42 deaths.

• Wednesday, February 6th 2019 - 08:37 UTC

  UK's service sector stagnated in January: new orders fell for the first time in 30 months

  

  The UK's service sector stagnated last month, with new orders falling for the first time in two-and-a-half years, according to the IHS Markit/CIPS purchasing managers' index (PMI). The figures showed a reading of 50.1 in January lower than December's 51.2.

• Tuesday, January 29th 2019 - 09:31 UTC

  African swine fever scare in Europe; Denmark builds a 70km fence in the border with Germany

  

  Denmark has started building a 70km fence along its border with Germany in an effort to control the migration of wild boar. There are fears that African swine fever, which has been found in two dead wild boars in Belgium, could threaten Denmark's huge pig industry. If the disease spreads, it could jeopardize almost US$ 1.7bn in pork-product exports from Denmark.