Germany’s economy powers into year-end amid political uncertainty
Businessam Staff
November 20, 2017
Germany’s economy is probably strong enough to shrug off the country’s dive into political uncertainty for now. The collapse of coalition talks has cast a shadow over Chancellor Angela Merkel’s ability to provide stable leadership for Europe’s most powerful nation, just as the region seeks stronger integration. Yet the turmoil in the capital of Berlin […]
Skills shortage tightens around UK construction sector
Businessam StaffNovember 16, 2017
Britain’s shortage of surveyors, bricklayers and other construction workers is holding back building work just at the time when the country needs more houses and infrastructure. Almost two-thirds of surveyors said a lack of skilled workers is a key factor limiting building activity, according to the Royal Institute of Chartered Surveyors. The skills shortage has […]
U.K. economy displays mixed fortunes at end of Q3
Businessam StaffNovember 10, 2017
The U.K. economy ended the third quarter on a mixed note, figures Friday showed. Industrial production rose a larger-than-forecast 0.7 percent in September, with output increasing across most manufacturing sectors, the Office for National Statistics said. But construction fell the most in 18 months and a narrowing of the trade deficit was not enough to […]
Eurozone economy to grow fastest in 2017 in decade- EU forecast
Businessam StaffNovember 9, 2017
The eurozone economy is expected to grow at its fastest pace in a decade this year, according to the European Commission, Thursday, with real gross domestic product (GDP) growth predicted to be 2.2 percent. The autumn forecast is substantially higher than the previous one of 1.7 percent in the spring, but the growth rate will […]
Tepid Eurozone inflation raises questions over European Central Bank tightening
Businessam StaffJuly 17, 2017
Eurozone inflation fell in June, the European Commission today confirmed, easing pressure on the European Central Bank (ECB) to start tightening monetary policy at its next announcement on Thursday. Consumer prices rose just 1.3 per cent in June, down from 1.4 per cent in May. Meanwhile, core inflation, which strips out the effects of volatile […]
EU rescue fund approves €8.5 billion aid payout for Greece
Businessam StaffJuly 7, 2017
The European Stability Mechanism, the European Union’s bailout authority, approved 8.5 billion euros ($9.7 billion) in financial aid to Greece on Friday, allowing the country to meet payments due this month and formally closing a key chapter of its rescue. A tranche of 7.7 billion euros will be disbursed on July 10, the Luxembourg-based ESM […]
Inside the $1.3 billion deal that gives U.K. a government
Businessam StaffJune 26, 2017
Prime Minister Theresa May on Monday promised £1 billion ($1.27 billion) of taxpayers’ money for Northern Ireland as part of a deal to keep her minority government in office. A small fringe party in Northern Ireland has promised that its 10 members of parliament will now back May on key votes including Brexit and the […]
New £10 note: Everything you need to know about the polymer banknote
Businessam StaffJune 24, 2017
The new plastic tenner will feature novelist Jane Austen and will be released in September The new Jane Austen plastic £10 note will be formally unveiled next month to mark the 200th anniversary of the author’s death. The new £10 note is set to be released in September 2017 , with the Bank of England promising […]
Brexit hurting as European stocks struggle
Businessam StaffJune 23, 2017
European equities slipped, extending the longest run of weekly losses in a year as U.K.-listed stocks struggled on the anniversary of Britain’s vote to leave the European Union. Oil was poised for a fifth week of decline as a supply glut shows no sign of ending, reports Bloomberg. The benchmark STOXX Europe 600 index dropped […]
Airbus concedes defeat to Boeing in Paris order race
Businessam StaffJune 22, 2017
Airbus conceded defeat to rival Boeing in the race for new business at the Paris Airshow on Thursday, as a late haul of almost 100 aircraft failed to close a gap opened up by the launch of the American firm’s new 737 model. The European planemaker said it won 326 net new orders and commitments […]