Category Archives: Europe
Greek political turmoil heightens euro exit fears
(Reuters) – Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds … continue…
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German economy powers on, French growth evaporates
(Reuters) – Germany’s economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all and Italy slid further into recession, data showed on Tuesday. … continue…
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Output falling, Euro zone heads for recession
(Reuters) – Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signaling that the bloc’s recession may not be as mild as policymakers hope. Industrial … continue…
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Fears over Spain linger despite banking plan
(Reuters) – Spain’s clean-up plan for its troubled banks lacks some of the key ingredients that helped other governments restore faith in their financial sectors, restructuring experts said, pointing to a potential need for heavier … continue…
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Norwegian, the Oslo based Low Service Airline facing hard times
As a result of new EU-legislation airlines can no longer, as have been the practice among the low service airlines, employ their crews in shady tax shelters in order to avoid paying social security and … continue…
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Porsche CEO drops plan for entry-level model
(Reuters) – German sports car maker Porsche (VOWG_p.DE)(PSHG_p.DE) has dropped plans to build a two-seater vehicle which would have been smaller and cheaper than its Boxster model, Stuttgarter Zeitung reported on Saturday, citing Chief Executive … continue…
Banks prepare for the return of the drachma
(Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would … continue…
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Scandinavian Airlines SAS invests 5.6 billion EUR in new fleet
The worlds most punctual airline Scandinavian Airlines SAS will over the next 8 years invest EUR 5.6 billion in a renewal of the fleet. Leaks from the airline indicates that an order for new aircraft … continue…
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SAS was the world’s most punctual airline in April
Scandinavian Airlines was once again the world’s most punctual airline, this time for the month of April. SAS was the only major airline worldwide to achieve a punctuality higher than 90% last month, with the … continue…
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ECB holds rates; calls for action
European Central Bank President Mario Draghi urged euro zone governments to agree a growth strategy to go hand in hand with fiscal discipline, but as thousands of Spaniards protested in the streets he gave no … continue…
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