EconomyWeb | Global Economic Outlook
EUROPE • Today
Newspaper headlines: Irish border 'setback' and Grenfell manslaughter probe
July 28, 2017
Stories about Brexit, ill baby Charlie Gard and the possibility of a Grenfell Tower manslaughter case feature on the front pages.
Latest News

News Report

UK News
Alexis Sanchez's Arsenal return delayed? Chile star 'sick' ahead of training
July 28, 2017
Instagram post reveals the Manchester City target is feeling unwell just days before his return.
Hamilton issues verdict on Mercedes' performance compared to Ferrari after 10 races
July 28, 2017
Hamilton closed the gap to Vettel to just one point in the Drivers' Championship after Silverstone win.
Germany News
What now for German IS brides when they return home?
July 28, 2017
The case of runaway jihadi schoolgirl Linda W. has raised the question of what will happen if she returns to Germany. Membership of "Islamic State" is not trivial, but a mere prison sentence could be counter-productive.
Hijacked 'Landshut' plane returning to Germany
July 27, 2017
The German airplane "Landshut," which a Palestinian militant group hijacked and flew to Somalia in 1977, will return to Germany to be restored. The plane's hijacking was a key moment of the so-called "German Autumn."
France News
French firefighters contain Riviera wildfires, evacuations lifted
July 28, 2017
More than 12,000 evacuated residents and tourists in the south of France began to return to their homes and holiday places after firefighters tamed one of the fiercest blazes to break out during four days of wildfires.
Paris tourism bounces back as terror fears fade
July 27, 2017
High-kicking dancers are enthralling full houses again at the Moulin Rouge and art lovers are swarming the Louvre as Paris enjoys a tourism revival after plummeting numbers brought on by terror attacks.
Read more Comments Off on Europe News
EUROPE • Business
Ferrari driver wrecks $288,000 supercar just an hour after he bought it
July 28, 2017
The driver gets a lucky escape after the car goes airborne and bursts into flames.
Commuter train crash in Barcelona station injures at least 54
July 28, 2017
A commuter train crashed into a buffer in Barcelona's Francia terminus on Friday morning, injuring at least 54 people, one of them seriously, emergency services said on Friday.
Business Report
Business News
BA owner IAG sees profit surge despite IT failure
July 28, 2017
Profits for British Airways owner IAG have surged, despite the costs from a massive IT failure that caused travel problems in May.
Barclays in first-half loss after Africa sale
July 28, 2017
Barclays has posted a loss after tax of £1.21bn after the sale of part of its business in Africa.
Is SpaceX world's most valuable private company?
July 28, 2017
SpaceX has been valued at $21bn (£16bn), making it one of the most valuable privately owned companies in the world.
Italian scandal hits BT profits in first quarter
July 28, 2017
BT has reported a 42% fall in first-quarter profits due to a settlement with Deutsche Telekom and Orange over an Italian accounting scandal.

Eurozone Business
EU tightens pressure on Poland over rule of law
July 26, 2017
The European Commission substantiated its grave concerns on a planned reform of the judiciary in Poland Wednesday in a Rule of Law Recommendation addressed to the Polish authorities.
EU eyes cheaper non-euro cross-border payments
July 24, 2017
The EU Commission launched Monday a public consultation on ways to reduce the costs of cross-border payments within the European Union in currencies other than the Euro.
EU warns Poland over independence of judiciary
July 20, 2017
The European Commission expressed grave concern Wednesday about the clear risks for the independence of the judiciary in Poland and urges the Polish Government to put its new laws on hold
Business Report
IT sectors of Canada and Ukraine poised to benefit from free-trade deal
July 27, 2017
Ukrainian IT exporters are ready to step up to become a part of the global digital revolution
The consequences of Trump disruption are becoming clearer
July 27, 2017
For Canada, the immediate impact is on trade, but there could also be a disruption in national security
Read more Comments Off on Europe Business
EUROPE • Markets
European Markets May See Subdued Start
July 28, 2017
European markets are likely to see subdued start following weak Asian trading and the mixed cues overnight from Wall Street. The dollar firmed overnight on better-than-expected U.S. durable goods orders data. Further, major corporate firms in Europe reported higher earnings results on Friday.
European Market Indices

The FTSE Index - Top 100 Blue Chip U.K. Companies
The DAX Index - Top 30 Blue Chip German Companies
European Market Charts by CNBC
Market Pulse
Hammond sees no sharp change to migration rules after Brexit
July 28, 2017
LONDON (Reuters) - Chancellor of the Exchequer Philip Hammond said on Friday there should be no immediate change to immigration or trading rules when Britain leaves the EU in March 2019, and that a shift to new arrangements could last until mid-2022.
FTSE heads for weekly loss as Italy takes toll on BT
July 28, 2017
LONDON (Reuters) - Britain's major share index slipped, heading for a weaker finish to the week after corporate earnings drove big swings in individual stocks, with BT Friday's biggest faller.
UK consumer morale slips as economic mood hits four-year low - GfK
July 28, 2017
LONDON (Reuters) - British consumer morale has sunk back to depths hit just after last year's Brexit vote and worse may be to come as households' view of the broader economic situation dropped to a four-year low, according to a survey on Friday.
Barclays suffers £1.2 billion first-half loss from Africa sale
July 28, 2017
LONDON (Reuters) - Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring.
Forex Markets
DAX Loses Ground as Trump Loses Healthcare Vote, German CPI Next
July 28, 2017
The DAX index remains under pressure in the Friday session. In the European session, the DAX is at 12,125,
EUR/USD – Euro at 30-Month Highs, US Advance GDP Next
July 28, 2017
The sparkling euro climbed to 1.1777 on Thursday, its highest level since January 2015. On Friday, EUR/USD
European Forex Rates

Euro/US Dollar - FX Spot Rate
British Pound/Euro - FX Spot Rate
European Currency Charts by CNBC

Read more Comments Off on Europe Markets
EUROPE • Economy
Economic Indicators

Eurozone Manufacturing Activity
Eurozone Manufacturing PMI

Eurozone Consumer Confidence
Eurozone Consumer Confidence

Eurozone Inflation
Eurozone Inflation Rate

Eurozone Unemployment
Eurozone Unemployment Rate
Read more Comments Off on Europe Economy
Europe • Insights
Moderate unions may help Emmanuel Macron pass labour reforms
July 27, 2017

FRENCH reformists have promised for decades to streamline the country’s 3,000-page labour code, only to be stymied by the country’s mighty trade unions. Emmanuel Macron has vowed to break the jinx, and is likely to face the same sort of resistance. The conventional wisdom holds that the showdown will come in September, once the government publishes details of its plans. These include limiting the ability of courts to order lavish compensation for sacked workers, simplifying worker councils inside firms and making it possible to negotiate more issues at the company level rather than in national sector-wide agreements. Parliament’s lower house voted on July 13th to let the government pass the reforms by ordinance, without much further debate.

That will let Mr Macron deliver faster on his promise to free up the jobs market. But his leftist opponents call the process undemocratic. Jean-Luc Mélenchon, a far-left leader whose bloc has 17 MPs, calls it a “social coup d’état”....

Read more Comments Off on Europe Insights
EUROPE • Calendar

Read more Comments Off on Europe Calendar