Four of Europe's largest car manufacturers are expected to lose a combined five billion euros ($6.6 billion) in the region this year, according to Moody's Investors Service, as demand falls to its lowest level in two decades.
Business confidence and economic sentiment in the euro zone saw a sharp improvement in August, but unemployment remained at a record high across the 17-nation bloc, putting a dampener on expectations for the region's economic recovery.
The outlook for the UK economy is looking increasingly rosy, new data released on Friday showed, with rising consumer and business confidence and house price gains adding to hopes that the recovery is taking hold.
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The latest episode of CNBC Meets features Lauren Bush Lauren, founder and CEO of FEED, niece of former President George W. Bush and the granddaughter of former President George H. W. Bush.
CNBC Meets' Tania Bryer speaks to niece of former U.S. President George W. Bush, and founder of social business FEED, Lauren Bush Lauren.
In part two, Bush Lauren talks about some of the early FEED products first released and the challenges she faced launching the group back in 2007.