The European Commission plans to create a single European market for data, hoping that pooling the region’s deep industrial expertise will help build technology powerhouses to catch up with Silicon Valley and state-backed Chinese heavyweights.
Bombardier is seeking investors for its aerospace businesses and considering a sale of some operations, according to sources, as a turnaround plan at the Canadian aircraft-maker faces pressure from potentially crippling US tariffs on its marquee jetliner.
German growth slowed less than predicted in the second quarter while Italian output unexpectedly stagnated, signalling diverging fortunes for two of the region’s biggest economies as they brace for any fallout from Britain’s decision to leave the EU.
Sterling rose against the euro for the second successive day and global shares rallied from week-long lows, as markets tried to assess the potential long-term damage to the economies of the UK and the rest of Europe from the decision last week of British voters to quit the EU.
The head of a leading German think tank has attacked the purchase by the ECB which got under way yesterday of corporate bonds, saying the quantitative easing measures designed to boost the eurozone economy and which involve buying debt directly from big companies was “dangerous”.
The revelations about Volkswagen’s emissions fraud, added to recent scandals at Siemens and Deutsche Bank, show a German corporate establishment that is out of step with a society that is actively trying to atone for 20th-century sins, writes
David Cameron’s general election campaign ran into its first setback within hours of his visit to Buckingham Palace to inform the Queen of the dissolution of parliament as a respected economic think tank challenged his claim that a Labour victory would result in tax rises of more than £3,000 (€4,100) for every working family.
Thursday of last week, a gathering of building surveyors, QSs and estate agents in their professional body the SCSI heard that their attendance - of 1,250 diners- for a black-tie function was “a very good barometer of the growing confidence in the economy and our industry.”
Siemens, Europe’s largest engineering company, is close to finalising an agreement to sell its logistics and airports unit to a group led by billionaire investor Wilbur Ross, as it exits underperforming businesses, two people familiar with the talks said.
French president François Hollande appealed to foreign business leaders to invest in his country yesterday, offering them simpler and more stable tax policies as his unpopular government tries to spur growth and create jobs.