News

Slovakia Ukraine gas pipeline agreed

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A Slovakia Ukraine gas pipeline has been agreed, which will allow Central European natural gas to get to Ukraine via Slovakia. Slovakia says it...

An EU exit would harm London

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An EU exit would harm London as a major financial center which currently rivals New York. Two reports commissioned by TheCityUK, a lobby group...

Alstom takeover, French government slams brakes

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A possible Alstom takeover by either America’s General Electric or Germany’s Siemens was confirmed on Sunday by Arnaud Montebourg, France’s Economy Minister. He emphasized...

UK March retail sales increased 4.2%

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UK March retail sales increased 4.2% compared to March 2013 and by 0.1% versus February 2014, according to figures published by the Office for...

Manufacturing cost competitiveness, US and Mexico rising stars

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Mexico and the US are the rising stars in global manufacturing cost competitiveness, according to research by The Boston Consulting Group (BCG). The overall...

Novartis reported earnings increase of 24% in Q1 2014

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Novartis reported earnings increase of 24% for the first quarter of 2014, slightly below what analysts had forecast. Switzerland’s largest pharmaceutical company said its net...

Eurozone fiscal consolidation immense, but challenges persist, Fitch

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The Eurozone fiscal consolidation that occurred in 2013 was immense, says a new report by Fitch Ratings. It also adds that despite major achievements...

Ford profits fell 39% in Q1 2014

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Ford profits fell 39% in the first quarter of 2014 after particularly weak sales in North America and increasing losses in South America. The...

AstraZeneca executive pay protest by shareholders

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An AstraZeneca executive pay protest by shareholders with 38.54% of votes cast at the AGM (annual general meeting) was registered on Thursday. The unfavorable...

Global economic forecast sees accelerated growth through 2016

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BNY Mellon’s global economic forecast predicts faster growth this year, in 2015 and 2016. The author of the most recent Economic Update, Richard Hoey, BNY...