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Economy

EU seeks to sanction Spain, Portugal over spending

Spain and Portugal could faces fines for breaching EU spending rules after the European Commission opened a sanctions procedure on Thursday over both countries failure to tackle their budget…

Economy

New 50 euro banknote to fight forgery, reaffirm ECB's commitment to cash

The European Central Bank has unveiled the design and high-tech security features for the 50 euro banknote - the most widely counterfeited bill - before it goes into circulation next April.

Russia

EU extends sanctions against Russia over Ukraine

The European Council has extended economic sanctions targeting specific sections of the Russian economy for a further six months.

Business Series

Saddled with 1.3 billion euros of debt, Greek retailer Marinopoulos gets bankruptcy protection

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

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Economy

George Soros says Brexit can lead to positives for Europe

George Soros has told the European Parliament that Britain's vote to leave the European Union was a "great shock" but "the tragedy no longer looks like a fait accompli".

Economy

Britain faces higher taxes and spending cuts after Brexit vote - finance minister

The price of Britain leaving the European Union will be higher taxes and government spending cuts according to UK finance minister George Osborne.

Economy

City and pound slide as Osborne fails to slay Brexit dragon

So much for the British finance minister’s calming words.

Economy

British finance minister breaks Brexit silence and markets shrug

British Finance Minister George Osborne looked nervous and less assured on Monday morning when he broke his post-Brexit silence to calm the markets.

Economy

Wall Street drops sharply after Brexit

U.S. stocks have fallen sharply, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union sent a shock wave through global financial markets.

United Kingdom

Lagarde says IMF stands ready to moderate Brexit effects

With the financial and stock markets in turmoil steady hands are needed on the levers of international finance and the International Monetary Fund’s director Christine Lagarde was quick to reassure th

France

Brexit: the view from Paris

France has always made clear its view that Britain should remain inside Europe.

Economy

Pound bounces back against dollar as Brexit fears recede

The pound has climbed to a seven-week high against the dollar as the 'Bremain' bounce continues as fears of a Brexit recede.

Iran

Iran to buy Boeing airliners

Iran has agreed a deal to buy 100 planes from US planemaker Boeing, according to the head of Iran’s Civil Aviation Organisation.

Economy

Jobs or no jobs? The Brexit question of the day

Labour Party heavyweights have waded into the Brexit debate by claiming if the country votes to leave the EU public sector jobs will be at risk.

Economy

Microsoft splashes $26bn to get LinkedIn

Microscope has done a deal to buy LinkedIn Corp for $26.

Business

The transition from a linear to a circular economy

Probably no one could argue that a circular economy is what we need in the future.

Europe News

Possible Brexit big talking point at flagship EU economic summit

The Brussels Economic Forum is the flagship annual economic event of the European Commission

Economy

Oil prices rise to almost double January's lows

Oil prices have hit their highest in 10 months due to a fall in stockpiles in the United States and supply disruptions in Canada, Nigeria, Venezuela and Libya.

Business Series

Sharapova's sponsors Nike, Head and Evian stand by her despite doping ban

Nike, racket provider Head and bottled water company Evian have said they will continue sponsoring Russian tennis star Maria Sharapova despite her drug ban.

Economy

European Central Bank corporate bond buying starts

The European Central Bank has begun buying corporate bonds to try to get businesses to borrow and spend, which would boost the eurozone economy and cause inflation to rise.