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Archive Europe: Economy

  • Apple CEO Tim Cook delivers brief remarks as U.S. President Donald Trump (R) and White House Director of the Office of American Innovation and the president's son-in-law Jared Kushner listen during a meeting of the American Technology Council in the State Dining Room of the White House June 19, 2017 in Washington, DC.

    Our live blog is tracking news as Tim Cook emails employees telling them he "disagrees with the president and others".

  • Spain and Portugal have begun to recover, but countries like Greece continue to lag behind the rest of the region, says Bert Colijn of ING.

  • NEW YORK, Aug 16- The U.S. dollar rose for a third straight session on Wednesday, reaching its highest level in nearly three weeks against a basket of rival currencies, boosted by expectations for another Federal Reserve interest rate rise in 2017 and cooling geopolitical fears. Stung last week by growing tensions between the United States and North Korea, the...

  • BUDAPEST, Aug 16- The zloty led Central Europe's main currencies higher on Wednesday after figures for the second quarter showed the region's economic growth remained strong. "Fears of conflict between the United States and North Korea decreased considerably, but Polish GDP data turned out to be so solid that investors don't rush to buy Polish papers," said...

  • Federal Reserve Board Chairwoman Janet Yellen

    Our live blog tracked reaction as Wall Street stocks traded higher start to the trading day as investors focus on FOMC minutes.

  • *Unemployment rate drops to new four decade low of 4.4 pct. *Wage growth better than expected but flattered by bonuses. LONDON, Aug 16- Britain's labour market confounded a sluggish economy in the second quarter as the unemployment rate fell to its lowest since 1975.

  • BERLIN— Authorities in Germany have formally indicted a Swiss citizen on suspicion of espionage for spying on German tax investigators. Federal prosecutors say the 54- year-old man, identified only as Daniel M. due to German privacy rules, acted as an agent for Switzerland's intelligence service. Prosecutors said in a statement Wednesday that M. was paid to...

  • BUDAPEST, Aug 16- The zloty led Central Europe's main currencies higher on Wednesday after figures for the second quarter showed the region's economic growth remained strong. Pay has risen fastest in Romania, and according to Wednesday's data, its annual growth accelerated to 5.9 percent from 5.7 percent in the first quarter. Romania also has a trade deficit,...

  • COPENHAGEN, Denmark— Sweden's defense minister said Wednesday that lawmakers, including some from two center-right opposition parties, have agreed to boost the Swedish defense budget with an annual extra 2.7 billion kronor over the next two years. In September, Sweden stationed permanent troops on the Baltic Sea island of Gotland. The independent Stockholm...

  • LONDON, Aug 16- The Czech crown and Polish zloty jumped on Wednesday after strong economic growth data smashed forecasts, while emerging market stocks rose to a one-week high as tensions between North Korea and the United States eased. Central Europe's biggest market, Poland, delivered 3.9 percent growth, beating forecasts and lifting the zloty 0.4 percent and...

  • LONDON, Aug 16- Miners and oil stocks helped Europe's major share index make robust gains on Wednesday as higher metals prices lent a hand and improved euro zone GDP figures underpinned investor optimism over the region's equities. Basic resource stocks were the top boost, jumping 1.8 percent after London zinc hit a decade high, lifted by Chinese construction...

  • lacklustre@ LONDON, Aug 16- Britain's labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The Office for National Statistics said workers' total earnings including bonuses rose by an annual 2.1 percent in the three months to June, compared with...

  • lackluster@ LONDON, Aug 16- Britain's labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The Office for National Statistics said workers' total earnings including bonuses rose by an annual 2.1 percent in the three months to June, compared with...

  • LONDON— The squeeze on living standards in Britain since last year's Brexit vote appears to be abating, a development that should, if sustained in the months to come, shore up the economy as it gears up for its exit from the European Union. The Office for National Statistics said Wednesday that average weekly earnings, including bonuses, increased by 2.1 percent in...

  • Janet Yellen speaks with Mario Draghi at the Jackson Hole economic symposium in Wyoming.

    European Central Bank President Mario Draghi will not deliver a new policy message at the Fed's Jackson Hole conference, two sources said.

  • LONDON, Aug 16- Miners and oil stocks helped Europe's major share index make robust gains on Wednesday as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track. Basic resource stocks were the top boost, jumping 1.8 percent after London zinc hit a decade high, lifted by Chinese...

  • MOSCOW— Breaking months of silence, the former Russian economic development minister on trial for allegedly accepting a $2 million bribe publicly accused the head of Russia's oil company on Wednesday of setting him up. Alexei Ulyukayev, the highest-ranking Russian official to have been arrested since 1993, was detained last year at the headquarters of...

  • *Poland to report GDP figures at 0800 GMT. BUDAPEST, Aug 16- The crown jumped and the forint eased on Wednesday after the Czech Republic reported a surprise surge in second-quarter economic output, while Hungary's growth slowed down slightly. Poland is due to release second-quarter GDP figures at 0800 GMT.

  • LONDON, Aug 16- Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track. Basic resources stocks were the top boost, up 1.1 percent after London zinc hit a decade high, lifted by Chinese...

  • WASHINGTON— In a story Aug. 4 about the government's July jobs report, The Associated Press referred erroneously to Aaron Sojourner, an economist at the University of Minnesota, as Andrew Sojourner. WASHINGTON— A drop in the unemployment rate to a 16- year low raises a tantalizing question about the job market: How much better can it get? Employers added 209,000...

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