05252017

Portugal back to fiscal health, says EU

Portugal has become the latest bailed-out eurozone country to receive a clean bill of health from the European Commission after its budget deficit fell to 2% of GDP last year. This brings it well below the EU limit of 3% [...]

EU’s Barnier refuses to imagine UK Brexit talks walkout

Image copyright Reuters Image caption Michel Barnier spoke of seeking a new partnership between the UK and EU The European Union’s [...]

Trump pulls trigger on Nafta negotiations

Image copyright Drew Angerer/Getty Image caption NAFTA was a centrepiece of Donald Trump’s campaign The US plans to start [...]

Greece adopts more austerity measures in bailout bid

Image copyright Getty Images Image caption Petrol bombs were thrown at police outside parliament in Athens Greece’s parliament [...]

Retail sales in April beat forecasts with a 2.3% rise

Image copyright Getty Images Warmer weather helped retail sales to rise by more than expected last month, according to official data. Sales volumes jumped 2.3% in April from the month before, [...]

Japan’s economy grows faster than expected

Image copyright AFP Japan’s economy grew faster than expected in the first three months of the year, according to official data. The economy grew 0.5% in the quarter, while the annualised [...]

UK wage growth lags inflation for first time since mid-2014

Wage growth is lagging behind inflation for the first time since mid-2014, official figures show. Average weekly earnings excluding bonuses increased by 2.1%. in the three months to March, while inflation rose by 2.3% in the year to March [...]

Greeks walk out in general strike over cuts

Image copyright EPA Image caption Athenians faced long bus queues on Wednesday as the general strike hit transport services Hospitals, [...]

UK inflation rate at highest level since September 2013

Media captionThe challenge of coping with rising costs The UK’s inflation rate rose last month to its highest since September 2013, official figures show. Inflation now stands at 2.7% – up from 2.3% in March – and above the [...]

EU countries to decide on Singapore trade deal

Image copyright AFP Image caption The EU-Singapore deal is the bloc’s most ambitious trade agreement in South-East Asia An [...]