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Economy

France moves to lure London bankers post-Brexit

France has stepped up its efforts to grab some of the London banking business that could be displaced by Britain's decision to leave the European Union.

Business Series

Smartphones set to take Samsung to profit rebound

Samsung is set for its best quarterly profit in more than two years thanks to robust sales of its flagship Galaxy S7 smartphones.

Economy

Bank of England eases rules for banks to encourage lending and meet Brexit challenge

Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.

United Kingdom

British, US and European bond yields tumble on the prospect of lower interest rates

British, US and European bond yields have fallen, in some cases to record lows, on the prospect of lower interest rates and other stimulus to counter the effects of the Brexit.

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Economy

Standard & Poor's strips UK of AAA credit rating

Britain's economic standing has suffered a further blow with the ratings agency Standard & Poor's stripping the UK of its last remaining AAA credit rating.

United Kingdom

Britain's European Commissioner Jonathan Hill resigns after Brexit vote

Britain’s representative on the EU’s executive body, the Commission, is resigning following the referendum vote for Brexit.

United Kingdom

Bank of England poised to stem Brexit shockwaves

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

Europe News

EU economic commissioner: "We need reforms capable of reconciling Europeans with Europe"

Euronews spoke to the EU Commissioner for Economic and Financial Affairs, Pierre Moscovici, at the Brussels Economic Forum

Economy

Standard and Poor's interest rate warning

Standard and Poor's has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered, with the most pronounced problem in the eurozone.

Switzerland

Swiss vote for money for nothing

The EU says it is pondering a pilot scheme for a bloc-wide basic income for all, and this weekend the Swiss actually get to decide on the idea in one of their referendum votes, the first country to vo

World News

All you need to know about the Universal Basic Income

Switzerland will become the first country to hold a national vote on whether to introduce a Universal Basic Income (UBI).

Economy

Another US interest rate hint from the Federal Reserve

One of the top policymakers at the US central bank is dropping strong hints about the cost of borrowing going back up there.

Economy

Eurozone ministers agree "breakthrough" deal with Greece

Eurozone finance ministers have agreed to offer Greece debt relief in 2018.

Economy

IMF welcomes Saudi reforms

The International Monetary Fund is applauding Saudi Arabia's sweeping reform plan calling it "an appropriately bold and far-reaching transformation".

Brazil

Brazil's new government sets sights on reversing economic slump

Brazil’s newly installed Cabinet is getting to work, in the wake of Dilma Rousseff’s suspension. The economy is a priority for incoming interim

Business Series

Tesco supermarket boss gets bumper pay packet for turnaround

British supermarket chain Tesco has paid its Chief Executive Dave Lewis a cash and shares bonus worth 3.8 million euros for turning around the retailer.

Economy

Kerry tries to reassure nervous European banks on trade with Iran

US Secretary of State John Kerry has said European banks have nothing to fear from resuming business with Iran now that some sanctions have been lifted.

Economy

Eurogroup: progress but no Greek reform deal yet

Eurozone finance ministers say there has been progress on a deal between Greece and its lenders but there is still some way to go.

Economy

ECB pledges low borrowing costs 'as long as needed' but no helicopter money

European Central Bank President Mario Draghi has vowed to use all the tools at his disposal for "as long as needed" to return the eurozone economy to growth.

World News

Why money is undermining our financial system