BREAKING NEWS

Economic recovery

Business

Greek businesses welcome tourist influx, worry about tax hike effects

Greece believes a bumper influx of tourists this year will boost its economic recovery, but there are fears bailout linked sales tax hikes could threaten businesses.

Greece believes a bumper influx of tourists this year will boost its economic recovery, but there are fears bailout linked sales tax hikes could threaten businesses.

Business

Japan avoids recession with surprise Q1 growth of 1.7 percent

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.

Business

Gloomy outlook for Greek economy as recession bites deeper

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.

Business

US hotelier Starwood taps into Cuba tourism boom

US-based Starwood has signed a deal with Cuba's government to run two nationalised hotels in Havana becoming the first US company to invest heavily in Cuba since the 1959 Communist revolution.

US-based Starwood has signed a deal with Cuba's government to run two nationalised hotels in Havana becoming the first US company to invest heavily in Cuba since the 1959 Communist revolution.

Europe

China slowdown could scupper eurozone recovery: EU

The slowdown in emerging economies such as China could derail the eurozone’s fragile recovery, the European Commission said on Thursday. The single

The slowdown in emerging economies such as China could derail the eurozone’s fragile recovery, the European Commission said on Thursday. The single

Business

Bank of France cuts economic growth forecast, citing Paris attacks

The Bank of France has cut its forecast for economic growth in the country to 0.3 percent in the fourth quarter – a reduction of 0.1 percent – partly

The Bank of France has cut its forecast for economic growth in the country to 0.3 percent in the fourth quarter – a reduction of 0.1 percent – partly

Business

Eurozone on the road to recovery

The eurozone recovery is growing stronger according to the influential poll of purchasing managers. The report delivers figures of a four year high

The eurozone recovery is growing stronger according to the influential poll of purchasing managers. The report delivers figures of a four year high

Business

Eurozone recovery accelerates

Beating predictions and exceeding economic expectations. The economy in France grew at its fastest rate in nearly two years. It expanded by more than

Beating predictions and exceeding economic expectations. The economy in France grew at its fastest rate in nearly two years. It expanded by more than

Business

Britain's economic challenge to do away with credit card debt

In London, share prices soared as a new Conservative government emerged victorious from last week’s election. The prospect of immediate stability

In London, share prices soared as a new Conservative government emerged victorious from last week’s election. The prospect of immediate stability

Business

Spanish output jumps to seven-year high

Spain’s Q1 figures are in, and they show that output expanded at 0.9%, its fastest rate in seven years. It places the government on target to meet

Spain’s Q1 figures are in, and they show that output expanded at 0.9%, its fastest rate in seven years. It places the government on target to meet

Business

Portugal's debt rises but a better 2015 on the cards says report

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Business

Mall of the World: UAE's road to revival?

  This week we look at the largest initial public offering of shares in the United Arab Emirates since the global financial crisis. Emaar Malls

  This week we look at the largest initial public offering of shares in the United Arab Emirates since the global financial crisis. Emaar Malls

Business

Zero economic growth for eurozone in second quarter

There is confirmation that the eurozone’s recovery stalled in the second quarter of the year The latest EU stats are in line with an earlier

There is confirmation that the eurozone’s recovery stalled in the second quarter of the year The latest EU stats are in line with an earlier

Business

Hopes for monetary policy guidance from Federal Reserve meeting

Policymakers at the Federal Reserve are holding their regular two-day meeting, and the financial markets are not expected any dramatic announcements

Policymakers at the Federal Reserve are holding their regular two-day meeting, and the financial markets are not expected any dramatic announcements

Business

Bank of Spain more hopeful about economic growth

The Bank of Spain has revised up its economic growth forecasts for this year and next. It now sees Spanish gross domestic product growing 1.3

The Bank of Spain has revised up its economic growth forecasts for this year and next. It now sees Spanish gross domestic product growing 1.3

Business

European car sales rise, helped by price discounting

More Europeans bought new cars in June. Sales were up 4.3 percent from a year ago. That reflected an economic recovery in southern Europe – with

More Europeans bought new cars in June. Sales were up 4.3 percent from a year ago. That reflected an economic recovery in southern Europe – with

Business

Weak eurozone growth pushes ECB towards bold stimulus action

All the elements are there for bold action by the European Central Bank to fight low inflation and high unemployment at their June meeting on

All the elements are there for bold action by the European Central Bank to fight low inflation and high unemployment at their June meeting on

Business

Fragile figures may spur ECB to act on Euro economy

Growth in the eurozone’s key manufacturing area fell last month by more than expected, to a six-month low. Strong figures from Germany were offset

Growth in the eurozone’s key manufacturing area fell last month by more than expected, to a six-month low. Strong figures from Germany were offset

News

Portugal exits bailout but austerity continues

After three years Portugal has become the second eurozone country to exit its bailout, and like Ireland it will do so without a credit safety

After three years Portugal has become the second eurozone country to exit its bailout, and like Ireland it will do so without a credit safety

Business

Brussels cuts eurozone inflation forecast but holds firm on growth

The European Commission (EC) is predicting that price growth across the eurozone will pick up more slowly than expected this year and next, with low

The European Commission (EC) is predicting that price growth across the eurozone will pick up more slowly than expected this year and next, with low

Business

Peugeot has high hopes for 'Back in the race'

Struggling French carmaker Peugeot has revealed its long-awaited recovery plan. Dubbed “Back in the race” it involves reducing capacity, the number

Struggling French carmaker Peugeot has revealed its long-awaited recovery plan. Dubbed “Back in the race” it involves reducing capacity, the number