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Sasha Vakulina

Business

IMF chief Georgieva: 'Global economy is in a synchronised slowdown'

The global economy is going through a "synchronised slowdown", claimed the new managing director of the IMF, Kristalina Georgieva, during her inauguration speech.

Business

US tariffs: EU vows to retaliate

In a move that threatens to ignite a transatlantic trade war the US is set to impose tariffs on 6.8 billion euros of EU goods.

Business

Healthy oceans can provide solutions to climate change

Living by the beach might seem like a dream. But experts now warn against buying coastal properties as no part of the world will be spared from the impacts of climate change.

Business

The collapse of Thomas Cook sent shockwaves across the industry

The Greek tourism confederation says economic losses for the country's businesses might be up to 500 million euros.

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Business

OECD: lowest global growth rate in a decade

The Organisation for Economic Cooperation and Development has cut its world forecast to 2.9% this year before a predicted 3.0% in 2020

Business

OECD: Humanitarian migration falls while labour and family migration rises

Europe had a decrease in the number of asylum applications by 10% in 2018. Family migration, where people migrate with, or to join, family members, increased by 9% and labour migration by 6%.

Business

Christine Lagarde gets European Parliament approval as next ECB chief

With 394 MEPs in favour and 206 against Christine Lagarde won the European Parliament approval to lead the European Central Bank.

Business

Apple challenges EU tax bill

The European Union's ruling on Apple taxes "defies reality and common sense' - says the US company as it launches a legal challenge against the 2016 decision.

Business

Oil prices soar after attacks in Saudi Arabia

Oil prices rose by nearly 20 percent - the biggest intra-day gain since 1991 - after the attack on Saudi Arabian oil facilities over the weekend.

Business

ECB chief Mario Draghi pledges indefinite stimulus to revive Eurozone

Seven years ago, in the very midst of the Eurozone sovereign debt crisis, Mario Draghi promised to do "whatever it takes" to preserve the euro. He now adds one more vow - to do it for as long as necessary.

Business

"Operation Yellowhammer" Explained

What happens if there is no Brexit deal? A few pages of the UK's government assessment, "Operation Yellowhammer" offers a rare glimpse at what a no-deal Brexit looks like.

Business

European carmakers want clarity over Brexit

At the Frankfurt Car show European carmakers have expressed the concerns over Brexit saying it will be a problem for both European and British automotive industry.

Business

British Airways warns of more disruption

It would take some time for the British Airways flights to return to normal after a pilots strike this week. The company has warned passengers of further disruption: the strike left aircraft and crew in the wrong place.

Business

Frankfurt Auto Show goes green

A stark warning from climate groups including Greenpeace - SUVs should be banned as part of a wider campaign to curb pollution by the auto industry.

Business

Trump dismissed trade war concerns

US stocks opened higher on Tuesday as China stepped in to stabilise the yuan, a day after Wall Street's main indexes racked up their steepest one-day percentage fall of the year.

Business

US-China trade tensions escalate

China on Friday said it would not be blackmailed and warned of retaliation after US President Donald Trump vowed to slap a 10% tariff on 270 billion euros ($300 billion) of Chinese imports from next month, sharply escalating a trade row between the world's biggest economies.

Business

Bank of England cuts UK growth forecast

Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.

Business

Europe’s economy is slowing down

According to the preliminary Eurostat data Eurozone GDP grew 0.2% quarter-on-quarter in the April-June period, down from 0.4% in the previous three months.

Business

US-China trade talks resumed

US-China trade talks resumed in Shanghai amid low expectations for a breakthrough.

Business

Dominic Raab on Brexit: EU position is 'stubborn'

UK Foreign Secretary Dominic Raab said that on the EU side the UK saw a 'stubborn' position and Britain might end up leaving on WTO terms.

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