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Wednesday 13th of September 2017 08:10:44 AM
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.... But their similarities with IPOs end there. Instead of raising funds from the public in sterling, euros or dollars, investors in ICOs pay in cryptocurrencies such as bitcoin and ether. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 01:48:03 PM
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.... The City was already debating the cost implications of last week’s “Mons ruling” in which Ryanair lost its battle to force employees across Europe to take contractual disputes to the Irish courts. The company says the verdict won’t cost it a single euro. ... [Read full article on Guardian ]
Monday 18th of September 2017 02:26:16 PM
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. Tens of thousands of euros have been flushed down the toilet in Geneva, leaving Swiss prosecutors scratching their heads over whether the money is dirty. ... [Read full article on Guardian ]
Monday 18th of September 2017 02:07:34 PM
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....The company remains committed to pumping £540m into the Galvani venture over seven years alongside its partner Verily, a division of Alphabet. Forty-five people are working for the venture in Stevenage and San Francisco, from data scientists and neuroscientists to neurosurgeons and software engineers. ... [Read full article on Guardian ]
Monday 28th of August 2017 06:32:47 PM
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.... For many in the EU, the UK is increasingly self-absorbed. And Brexit is too unimportant for the EU to be distracted from euro-area repair or the fight against tax avoidance by multinationals. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 11:50:57 AM
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....He also said the EU could not be trusted to protect Ireland’s interests. It would be “prudent” for voters to remember how the EU forced Ireland to pursue an onerous debt restructuring during the financial crash as part of its strategy to protect the eurozone, he said. ... [Read full article on Guardian ]
Wednesday 30th of August 2017 11:41:31 AM
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....6% in the three months to June, twice as fast as the UK’s in the second quarter of 2017, underlining the currency bloc’s recovery from the depths of the Greek debt crisis. On an annual basis, the eurozone expanded by 2. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 09:31:31 AM
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....Zorzos, a former school tutor, is in his second term. His visionary policies have won praise in Athens, where politicians see tourism as the antidote to the punishing terms attached to financial rescue from the eurozone and International Monetary Fund. ... [Read full article on Guardian ]
Monday 28th of August 2017 03:07:24 PM
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.... This would be seen as a proxy for saying that interest rate rises will resume soon. Financial traders want Draghi to be more explicit about when he will stop pumping money into the eurozone economy. ... [Read full article on Guardian ]
Sunday 27th of August 2017 05:59:02 AM
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.... It added that a majority of the interest rate setting committee agreed with that assessment, and the governor, Mark Carney, later confirmed that he shared the majority view. The pound jumped more than 1% against the dollar and the euro as the financial markets digested the impact of the comments. ... [Read full article on Guardian ]
Thursday 14th of September 2017 01:24:03 PM
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.... Caution has been recorded among businesses considering investments in the British economy amid political and Brexit uncertainties. The improved picture for manufacturers was also mirrored in Europe, even though a steep climb for the euro has eroded competitiveness on the continent. ... [Read full article on Guardian ]
Friday 1st of September 2017 10:00:34 AM
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....Since the vote for Brexit financial centres in the EU such as Frankfurt, Paris and Dublin have been vying for business that may have to leave the UK. The Frankfurt-based European Central Bank has also said it should have more powers over euroclearing – the €1tn (£880bn) market for clearing of financial products denominated in euros, which is currently dominated by the City. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 07:00:18 PM
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....6% from one quarter to the next. At the same time the eurozone is showing signs of outpacing the UK as the fall in sterling fails to lift exports as much as expected. ... [Read full article on Guardian ]
Friday 8th of September 2017 10:42:19 AM
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....”. John Hardman of Hops Labour Solutions, a national recruitment agency that provides seasonal and temporary workers for the UK agriculture and horticulture industries, said the devaluation of sterling against the euro since the Brexit vote had already made the UK a less attractive place to work and put thousands of contracts in jeopardy. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 11:01:48 PM
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Wednesday 23rd of August 2017 07:39:36 AM
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. Is the eurozone on the mend? Jean-Claude Juncker certainly thinks so. ... [Read full article on Guardian ]
Saturday 16th of September 2017 03:00:15 PM
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....The weakness in sterling is a shot in the arm for manufacturers, as goods made in Britain become cheaper for buyers overseas. A poll of 416 companies by the EEF found an improving eurozone economy was leading to more export orders in the three months to the end of September. ... [Read full article on Guardian ]
Monday 4th of September 2017 11:01:25 PM
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.... Britain now appears stuck in the slow lane of a different kind of two-speed Europe. The UK economy has made its slowest start to a year since 2012, while the eurozone grows twice as fast. ... [Read full article on Guardian ]
Sunday 3rd of September 2017 01:47:00 PM
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Friday 8th of September 2017 07:34:08 AM
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....The pound is now extremely weak in historical terms. Since the euro was launched in 1999, sterling has never been below €1. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 09:31:45 AM
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....In another reply to Harrison’s tweet, he appeared to suggest that QE was a “policy which is yielding diminishing returns”. Harrison said people are “waking up to the impending ECB slow-motion car crash” and that there were “political constraints on eurozone monetary policy starting to bite once again”. ... [Read full article on Guardian ]
Monday 21st of August 2017 12:50:12 PM
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Friday 15th of September 2017 09:25:12 AM
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. Britain is locked into a “low growth trajectory” that will see GDP growth dip next year while the eurozone shrugs off Brexit uncertainty to stretch ahead, according to a leading business group. ... [Read full article on Guardian ]
Friday 8th of September 2017 05:01:30 AM
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. There was little in Mario Draghi’s comments in Germany on Wednesday to indicate that the European Central Bank plans to stop pumping cheap money in to the eurozone anytime soon. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 06:17:13 PM
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....Grayling’s remark bothered me – it seemed I was being outflanked in egalitarianism by a Tory. But then, I have always had a neurosis about railway class, owing to my father having been a fairly senior British Rail employee. ... [Read full article on Guardian ]
Monday 11th of September 2017 08:00:00 AM
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....Edwards is one of many who believe the business cycle in the US, as elsewhere, is running out of steam and will soon go into recession. Japan is only growing, just like the eurozone, with huge amounts of central bank money injected each month. ... [Read full article on Guardian ]
Saturday 2nd of September 2017 04:00:19 PM
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....On the currency markets, it was a poorer day for the pound. It fell against the euro and the dollar as economic data showed the UK construction industry was flirting with recession. ... [Read full article on Guardian ]
Monday 4th of September 2017 05:50:06 PM
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....Global stock markets are at record highs, with the MSCI All Country World Index reaching a new peak on Monday and both the Dow Jones Industrial Average and the S&P 500 in uncharted territory. European and UK markets are also attracting investors again, although they are below their best levels due to the strength of the euro and the pound making exports pricier. ... [Read full article on Guardian ]
Monday 18th of September 2017 11:10:43 AM
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....The German banks Commerzbank and Deutsche Bank were among the top 10 losers in Frankfurt. But while European stock markets lost ground, the euro and the pound were seen by investors as safe haven currencies. ... [Read full article on Guardian ]
Tuesday 29th of August 2017 06:57:34 PM
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Latest Finance News related to Euro

Ryanair is 'unnecessarily pissing people off' – again | Nils Pratley image
Source : Guardian [Read Article] Monday 18th of September 2017 02:26:16 PM
.... The City was already debating the cost implications of last week’s “Mons ruling” in which Ryanair lost its battle to force employees across Europe to take contractual disputes to the Irish courts. The company says the verdict won’t cost it a single euro. ...
Dirty money? Mystery over shredded €500 notes in Swiss sewers image
Source : Guardian [Read Article] Monday 18th of September 2017 02:07:34 PM
. Tens of thousands of euros have been flushed down the toilet in Geneva, leaving Swiss prosecutors scratching their heads over whether the money is dirty. ...
Five reasons why global stock markets are surging | Nick Fletcher image
Source : Guardian [Read Article] Monday 18th of September 2017 11:10:43 AM
....Global stock markets are at record highs, with the MSCI All Country World Index reaching a new peak on Monday and both the Dow Jones Industrial Average and the S&P 500 in uncharted territory. European and UK markets are also attracting investors again, although they are below their best levels due to the strength of the euro and the pound making exports pricier. ...
Even German carmakers won’t save us from a hard Brexit image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
.... They argue that when Angela Merkel said earlier this year that the unity of Europe was paramount – which meant maintaining the free movement of goods, services, capital and labour within the union’s borders – the German leader’s hard line was largely due to the unrest then evident in much of Europe. The French, Dutch and German general elections lay ahead, the Five Star movement had won big in Italy’s local elections on a platform of quitting the euro, and Poland was becoming an increasingly detached neighbour, receding into a form of Catholic feudalism. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
.... It added that a majority of the interest rate setting committee agreed with that assessment, and the governor, Mark Carney, later confirmed that he shared the majority view. The pound jumped more than 1% against the dollar and the euro as the financial markets digested the impact of the comments. ...
Philip Hammond tells the City he will protect its global position image
Source : Guardian [Read Article] Wednesday 13th of September 2017 07:00:18 PM
....Since the vote for Brexit financial centres in the EU such as Frankfurt, Paris and Dublin have been vying for business that may have to leave the UK. The Frankfurt-based European Central Bank has also said it should have more powers over euroclearing – the €1tn (£880bn) market for clearing of financial products denominated in euros, which is currently dominated by the City. ...
Brexit is a great British bore. Europe has moved on, and the UK should be worried   | Guntram Wolff image
.... For many in the EU, the UK is increasingly self-absorbed. And Brexit is too unimportant for the EU to be distracted from euro-area repair or the fight against tax avoidance by multinationals. ...
UK apple growers' labour shortage 'pushing them towards cliff edge' image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
....”. John Hardman of Hops Labour Solutions, a national recruitment agency that provides seasonal and temporary workers for the UK agriculture and horticulture industries, said the devaluation of sterling against the euro since the Brexit vote had already made the UK a less attractive place to work and put thousands of contracts in jeopardy. ...
Bitcoin investors could lose all their money, FCA warns image
Source : Guardian [Read Article] Tuesday 12th of September 2017 01:48:03 PM
.... But their similarities with IPOs end there. Instead of raising funds from the public in sterling, euros or dollars, investors in ICOs pay in cryptocurrencies such as bitcoin and ether. ...
Can Macron and Merkel agree on how to fix the eurozone? | Barry Eichengreen image
Source : Guardian [Read Article] Monday 11th of September 2017 12:21:34 PM
. With Emmanuel Macron’s victory in the French presidential election and Angela Merkel’s Christian Democratic Union enjoying a comfortable lead in opinion polls ahead of Germany’s federal election on 24 September, a window has opened for eurozone reform. ...
Should first-class train travel be abolished? image
Source : Guardian [Read Article] Monday 11th of September 2017 08:00:00 AM
....Grayling’s remark bothered me – it seemed I was being outflanked in egalitarianism by a Tory. But then, I have always had a neurosis about railway class, owing to my father having been a fairly senior British Rail employee. ...
UK exports outside EU fall despite weak pound image
Source : Guardian [Read Article] Friday 8th of September 2017 10:42:19 AM
....6% from one quarter to the next. At the same time the eurozone is showing signs of outpacing the UK as the fall in sterling fails to lift exports as much as expected. ...
Pound boosted by UK manufacturing growth - as it happened image
Source : Guardian [Read Article] Friday 8th of September 2017 07:34:08 AM
...
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UK economy 'treading water' as eurozone stretches ahead, says BCC image
Source : Guardian [Read Article] Friday 8th of September 2017 05:01:30 AM
. Britain is locked into a “low growth trajectory” that will see GDP growth dip next year while the eurozone shrugs off Brexit uncertainty to stretch ahead, according to a leading business group. ...
Time to raise eurozone interest rates, says Deutsche Bank chief image
Source : Guardian [Read Article] Wednesday 6th of September 2017 07:15:46 PM
....It is time to start raising interest rates, the chief executive of Deutsche Bank has said, warning that bubbles are emerging in parts of the market. Speaking in Frankfurt, John Cryan said: “The era of cheap money in Europe should come to an end, despite the strong euro. ...
Factory and retail sales climb despite fears of Brexit slump image
Source : Guardian [Read Article] Monday 4th of September 2017 11:01:25 PM
....The weakness in sterling is a shot in the arm for manufacturers, as goods made in Britain become cheaper for buyers overseas. A poll of 416 companies by the EEF found an improving eurozone economy was leading to more export orders in the three months to the end of September. ...
North Korea tensions ripple through global financial markets image
Source : Guardian [Read Article] Monday 4th of September 2017 05:50:06 PM
....On the currency markets, it was a poorer day for the pound. It fell against the euro and the dollar as economic data showed the UK construction industry was flirting with recession. ...
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman image
....Edwards is one of many who believe the business cycle in the US, as elsewhere, is running out of steam and will soon go into recession. Japan is only growing, just like the eurozone, with huge amounts of central bank money injected each month. ...
Travel money demand suggests rise in Britons choosing south-east Asia image
Source : Guardian [Read Article] Friday 1st of September 2017 11:01:05 PM
....While sterling’s slide has made overseas holidays more expensive and prompted some Britons to swap Ibiza for the Isle of Wight, others have decided to look further afield, which may partly reflect the fact that in the case of some currencies, the pound is not down quite so dramatically. For example, while sterling has fallen by 16% against the euro since the day before the Brexit vote, it is down 10% against the Vietnamese dong over the same period. ...
UK manufacturing beats forecasts with strong growth in August image
Source : Guardian [Read Article] Friday 1st of September 2017 10:00:34 AM
.... Caution has been recorded among businesses considering investments in the British economy amid political and Brexit uncertainties. The improved picture for manufacturers was also mirrored in Europe, even though a steep climb for the euro has eroded competitiveness on the continent. ...
Ireland should consider 'Irexit' to avoid Brexit damage, says academic image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:41:31 AM
....He also said the EU could not be trusted to protect Ireland’s interests. It would be “prudent” for voters to remember how the EU forced Ireland to pursue an onerous debt restructuring during the financial crash as part of its strategy to protect the eurozone, he said. ...
FTSE falls to 16-week low after North Korea missile test and storm Harvey image
....The German banks Commerzbank and Deutsche Bank were among the top 10 losers in Frankfurt. But while European stock markets lost ground, the euro and the pound were seen by investors as safe haven currencies. ...
Electroceuticals: the 'bonkers' gamble that could pay off for GlaxoSmithKline image
....The company remains committed to pumping £540m into the Galvani venture over seven years alongside its partner Verily, a division of Alphabet. Forty-five people are working for the venture in Stevenage and San Francisco, from data scientists and neuroscientists to neurosurgeons and software engineers. ...
Santorini's popularity soars but locals say it has hit saturation point image
Source : Guardian [Read Article] Monday 28th of August 2017 03:07:24 PM
....Zorzos, a former school tutor, is in his second term. His visionary policies have won praise in Athens, where politicians see tourism as the antidote to the punishing terms attached to financial rescue from the eurozone and International Monetary Fund. ...
Your savings, your mortgage and your job depend on THESE bankers meeting in Wyoming today image
.... But markets will be closely watching European Central Bank (ECB) president Mario Draghi is due to speak today at 8pm (BST), as well as US Federal Reserve (The Fed) chief Janet Yellen at 3pm (BST). Markets are already shifting ahead of the event, with the pound plunging to its lowest level against the euro in around eight years. ...
Brexit economy: outlook positive but rocky negotiations could bring instability image
....6% in the three months to June, twice as fast as the UK’s in the second quarter of 2017, underlining the currency bloc’s recovery from the depths of the Greek debt crisis. On an annual basis, the eurozone expanded by 2. ...
Pound falls to new eight-year low against euro; Draghi defends QE  - as it happened image
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Quantitative easing is like heroin, says former Treasury official image
Source : Guardian [Read Article] Monday 21st of August 2017 12:50:12 PM
....In another reply to Harrison’s tweet, he appeared to suggest that QE was a “policy which is yielding diminishing returns”. Harrison said people are “waking up to the impending ECB slow-motion car crash” and that there were “political constraints on eurozone monetary policy starting to bite once again”. ...
Global investors look to Jackson Hole for signs of how QE will end image
Source : Guardian [Read Article] Sunday 20th of August 2017 12:03:19 PM
. It was at Jackson Hole in 2014 that Mario Draghi prepared the ground for the European Central Bank’s massive bond-buying programme to help rescue the economies of the eurozone, embattled from years of sovereign debt crises. ...
Better subsidies would make rail fares more affordable … just in time for Brexit image
. A sliding pound has left euro rail fares looking less of a comparative bargain, but commuter season tickets and peak fares remain more expensive on Britain’s railways than continental Europe’s, according to most studies. ...
Weaker sterling attracts record number of foreign tourists to UK image
Source : Guardian [Read Article] Friday 18th of August 2017 04:16:40 PM
....2bn. Brexit has led to a slump in the value of the pound against most major currencies – including a 16% drop against the euro and a more than 13% slide against the dollar – making holiday and business trips to the UK more attractive. ...
EasyJet and Ryanair should be wary of launching Air Berlin bid | Nils Pratley image
.... Credit lines from the German government are only a temporary measure. The harder fact is that Etihad, a big shareholder in both Air Berlin and Alitalia, seems to have abandoned its strange strategy of throwing millions of euros at loss-making investments. ...
Holidaymakers urged to buy euros as pound set for PARITY against single currency image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 03:25:00 PM
. Sterling has today tumbled to its lowest levels against the eurozone currency since the Brexit vote, reaching 1. ...
Pound V euro: GBP slumps against EUR as UK inflation holds steady image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 11:43:00 AM
....With the BoE not expected to make any moves in the near future, concerns are likely to grow over the pressures facing household finances, with consumer spending likely to keep sliding as lacklustre wage growth means families face a drop in real wages. Meanwhile, the euro also came under pressure this morning as Germany’s latest GDP estimate came in slightly below target. ...
Brexit pain for holidaymakers as pound expected to fall further against euro image
. British holidaymakers should brace themselves for more Brexit pain when they change their pounds into euros, with a leading investment bank forecasting the currencies are on the way to parity. ...
Investors move to safe havens as US and North Korea trade threats image
Source : Guardian [Read Article] Wednesday 9th of August 2017 04:25:55 PM
....Nervous trading marked the 10th anniversary of the start of the financial crisis on Wednesday, after Donald Trump’s warning that North Korea faced “fire and fury like the world has never seen” if it continued to make threats against the US. Gold rose to its highest level in almost two months, while the Swiss franc increased by more than 1% against the US dollar and saw its biggest one-day gain against the euro in more than two and a half years. ...
Britons shunning two-week holidays in favour of short breaks image
Source : Guardian [Read Article] Monday 7th of August 2017 12:27:00 PM
....“This could be because many of these visits were booze cruises – journeys across the English Channel to stock up on alcohol and cigarettes – which are no longer as cost-efficient as they used to be,” the ONS said. “Duty-free sales within the EU ended in 1999, France has been ratcheting up the price of cigarettes since 2000, and in recent years the pound has fallen in value against the euro. ...
Trailfinders blames Brexit vote for wiping out £12m profit image
Source : Guardian [Read Article] Sunday 6th of August 2017 12:39:34 PM
....“This unusual event depressed this year’s profit by some £12m but it is expected to recover in 2017/18”. The weak pound makes it more expensive for Britons to take holidays abroad and also hits companies which have to use the pound to buy services and goods in dollars and euros. ...
Only a big-spending budget can save us from years of low interest rates image
Source : Guardian [Read Article] Saturday 5th of August 2017 04:00:16 PM
....In broad terms, he would say, the US zapped almost 100% of bad loans, the UK managed to kill off 80% and the continental Europeans about 60%. It’s one of the main reasons the US recovery has proved to be so much stronger and the eurozone’s so much weaker since 2008. ...
Pound PLUNGE: Holidaymakers get LESS than one euro in fresh getaway misery  image
Source : Daily Express [Read Article] Friday 4th of August 2017 01:14:00 PM
. Travellers buying eurozone currency will now get just 90 cents for every pound in some getaway points, as agents rake in excessive margins, research has showed. ...
Britain, let go of your miles and switch to kilometres | Letters image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:54 PM
.... A big problem if you are travelling from the Republic of Ireland across the land border into Northern Ireland. Fear not, United Kingdom, it’s not the slippery slope, a kilometre will always be a million miles away from a euro. ...
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Eurozone economy grows twice as fast as UK's, figures show image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:07:04 PM
. The eurozone economy has grown twice as fast as the UK in recent months, according to official figures that underscore the divergence between Britain and its neighbouring currency bloc after the Brexit vote. ...
Eurozone grows twice as fast as UK after GDP rises by 0.6% - business live image
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Nicky Morgan requests assessment of City's readiness for hard Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 11:01:01 PM
....Oliver Wyman’s report, published on Tuesday, said Frankfurt and Dublin were the main destinations for sales and trading activities after Brexit. Its analysis puts between 35,000 and 40,000 wholesale banking jobs at risk if the UK’s exit from the EU also leads to other services moving, such as clearing euro-dominated trading. ...
Can money buy you happiness? image
Source : Guardian [Read Article] Monday 31st of July 2017 05:00:39 AM
.... For example, they were told they would have to pay 20 francs in order for the recipient of their generosity to get 15 francs. There is a part of the brain – the temporo-parietal junction – that neuroscientists say is associated with generosity, as well as one linked with happiness – the ventral striatum. ...
Greek debt crisis: ‘People can’t see any light at the end of any tunnel’ image
....With its brightly coloured furniture, open doors and do-good William James motto, the Solidarity Club is testimony to the endurance of Greeks under duress. Eight years on, the country’s debt drama, its brutal internal deflation to avert euro exit and austerity-driven downturn, have decimated districts like this. ...
Labour used to be the party that saw the folly of leaving the EU image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:05:04 PM
.... She certainly fought her corner. But Lord Powell, the civil servant who knew her mind as well as anyone, is convinced that, had she been still with us, the heroine of the Eurosceptics (always pronounced “euroseptics” by Heath) would have supported Remain. ...
Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
.... However, there is evidence that increasing suspicion of xenophobia in the UK, encouraged by the toxic rhetoric in support of Brexit, is dissuading migrant workers from coming here. Why come to Britain when you could go to Spain, and be paid in euros, a much stronger currency that is only likely to become increasingly so?. ...
Chancellor appoints Sir David Ramsden to Bank of England deputy role image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:28:15 PM
....The former London School of Economics professor Silvana Tenreyro will be the only woman on the MPC when it votes next week. Known for his role in keeping the UK out of the euro, Sir David is a life-long civil servant who has risen through the ranks of the Treasury to be its most senior economist and head of the government’s economic service, which effectively puts him in charge of economic advisers across Whitehall. ...
Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
....6% is impressive in Greece’s position, the bailout funds are still priced at lower rates of interest. Sadly, thinktank Capital Economics’ verdict looks correct: “Unless the eurozone creditors agree to much deeper debt relief than that which is now on the table, it seems fairly likely that Greece will require a fourth bailout when the current one expires next August. ...
The IMF is right to downgrade its forecast for the UK | Larry Elliott and Nils Pratley image
.... A further IMF downgrade to about 1. 5% in the autumn looks probable unless the stronger growth the IMF sees in the eurozone and the bigger emerging markets is sustained and leads to higher demand for UK exports. ...
Greece plans return to bond market as Athens sees end in sight to austerity image
....Speaking after the bond issue was announced, the EU’s economy commissioner, Pierre Moscovici, described the public spending cuts imposed on Greece since it almost went bust as “too tough” but “necessary”, adding there was now “light at the end of austerity”. Reuters reported that Greece had employed six banks – BNP Paribas, Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and HSBC – to act as joint lead managers for a five-year euro bond “subject to market conditions”. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
....“More ugly details could yet emerge, leaving German manufacturers – and the EU auto sector – still firmly in the sin bin for now,” he added. The car industry has been fined billions of euros on both sides of the Atlantic in recent years for cartels related to various parts such as lighting systems, engine coolers and bearings. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
....25%, but it is also because the dollar has weakened against a range of currencies. Compared with the night of the referendum in June last year, the pound is still down about 13% against the dollar and around 14% down against the euro. ...
IMF cuts 2017 growth forecasts for UK and US image
Source : Guardian [Read Article] Monday 24th of July 2017 04:45:27 AM
....5% but said one key risk facing the global economy was that the Brexit talks would end in failure. It contrasted its gloomier outlook for the UK with a rosier forecast for the rest of the EU, with 2017 growth upgrades for the four biggest eurozone countries – Germany, France, Italy and Spain. ...
Sun, sea, sand … and a last-minute money-saving holiday guide image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
....Probably the worst currency deal is at Forexchange in Cardiff airport. Let’s say you want to head off with at least £100 of euros to cover your first few days in Spain. ...
Britons travelling to Europe offered just €0.88 for £1 image
Source : Guardian [Read Article] Friday 21st of July 2017 06:31:18 PM
. British holidaymakers heading to Europe for this weekend’s big getaway are being offered what may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for every pound they hand over. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
.... It seems that worries about falling prices, or deflation, have gone for now. Most other countries in the world are experiencing low and falling inflation, including the euro area with a rate of 1. ...
Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
....The Bank of Japan ended its two-day policy meeting on Thursday by keeping rates on hold but cut its inflation forecasts again. The euro was up about 0. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
.... Fiscal policy could also be further relaxed in the 2017 autumn budget to offset the ongoing real squeeze on household spending power. “There are still downside risks relating to Brexit, but there are also upside possibilities if negotiations go smoothly and the recent eurozone economic recovery continues. ...
UK business confidence at lowest point for six years, say forecasters image
....He added: “Business optimism about future prospects has sunk to its lowest for nearly six years, adding to a growing body of data which points to a slowing economy. “The drop in confidence pushed the level of UK optimism below that seen in the eurozone for the first time in seven years, and contrasts with multi-year high levels of optimism in the United States and Japan. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
....Sweden is a fellow member of the European Union and, in common with the UK, enjoys “the best of both worlds”. Like us, at the moment, it possesses all the advantages of EU membership, not least from belonging to a powerful trading bloc: it is also not a member of the eurozone, whose economic policies have been far too deflationary. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....However, while the public is still nursing debts and negative equity, the IMF bailout seems a very distant memory in Ireland. The economy is on course to be the fastest growing in the eurozone for the fourth year in a row and there is a housing shortage for a growing population. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
.... The government has cut their numbers and put them through a time-wasting and pointless reorganisation. The result is plain to see: the civil service is no longer a Rolls-Royce but a battered Nissan Micra with a neurotically nervous driver. ...

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