EU ministers back bloc’s Big Tech clampdown
European Union member states on Thursday agreed their common position on two landmark legislations that could set unprecedented oversight on Big Tech.
Europe’s big payday remains elusive even as inflation surges
Visions of spiralling wage inflation in the euro zone have dominated the talking points of conservative central bankers in recent weeks as they called for a moderation in central bank stimulus.
Coronavirus gloom weighs on German shoppers
German shoppers are feeling downbeat as the December Christmas period beckons, a key survey said Thursday, with concerns about soaring coronavirus infections and higher prices gnawing away at...
German business morale darkens on supply bottlenecks, Covid wave
German business morale deteriorated for the fifth month running in November as supply bottlenecks in manufacturing and a spike in coronavirus infections clouded the growth outlook for Europe’s...
Eurozone business recovery again gains pace
The recovery of the eurozone economy is again gaining pace after dipping last month, a closely watched survey said on Tuesday.
France to work with UAE on renewable projects
French finance minister Bruno Le Maire said on Sunday that France will work with the United Arab Emirates on new projects in the energy sector including renewables and hydrogen fuel. “Reaching zero...
UK to probe systematic bias in medical devices tech
Britain’s health secretary announced Sunday he has launched an independent review to examine if “systematic bias” exists in the development of medical devices, after Covid-19 brought the issue “to...
Australian fruit farmers face harvest headache
In near-perfect conditions, thanks to abundant rain and healthy trees, Australian fruit grower Michael Cunial’s cherry orchard looks set to yield a bumper crop. He has just one problem: the harvest.
UK inflation could be elevated for longer: BoE
Bank of England Governor Andrew Bailey said his concern on the inflation outlook is that it could be “elevated for longer” but there is also a chance that inflation does not prove as persistent as...
Russian economy keeps up Covid rebound in third quarter
Russia’s economy rebounded in the third quarter as the country continues to recover from the impact of the coronavirus pandemic, official figures showed Wednesday.