German business sentiment plunges to 2 year low, says Ifo Institute
Business sentiment in Germany hit a nearly two-year low after sliding for six consecutive months. The prestigious Munich-based think tank, the Ifo Institute, reported...
European bank shares surged initially after stress test results
Shares in European banks surged initially after the ECB and EBA published their bank stress test results on Sunday. The European Central Bank (ECB)...
Online home and garden searches surge as UK housing market booms
Searches for home and garden products online surged by 15% in Q3 2014 compared to Q3 2013, driven by the UK’s booming housing market,...
Cruise ships will plug in and use electricity at Port of Halifax
Cruise ships will now be able to plug in when at the Port of Halifax, Canada, rather than continuing to run their polluting diesel...
EBA stress test – 24 banks failed
The European Banking Authority (EBA) announced on Sunday that 24 banks have failed stress tests. The EBA has given them nine months to improve...
Postmedia Network posts falling revenue in a tough market
Toronto-based media company Postmedia Network Canada Corp. posted declining revenue but managed to reduce its annual loss by one third, as its CEO Paul...
6.07 pound gold nugget sold for about 400,000 dollars
A 6.07 pound (2.8 kg) ‘Butte Nugget’ of gold was bought by a “prominent Bay Area collector” for about $400,000, said Don Kagin, the...
Rates must rise now, says BoE MPC member Ian McCafferty
Ian McCafferty, a Bank of England Monetary Policy Committee (MPC) member, says interest rates should be increased now, because the country’s dwindling spare capacity...
13 banks failed ECB stress test, not 25 any more
The European Central Bank (ECB) announced on Sunday that of the 25 banks that initially failed the banking stress test, 12 have already covered...
Record 5.2 million Brits on low-paid jobs, says think tank Resolution Foundation
The number of workers in the UK on low-paid jobs increased by 250,000 in 2013 to 5.2 million, says the Resolution Foundation, a think...