UK - inflation at highest since 2013, wages not keeping up with prices - economy: euronews Business

euronews Business

Published on 16 May 2017

Inflation in Britain has hit its highest level in three and a half years. It was driven up by more expensive clothing and energy as well as pricier air fares over the Easter holiday.

The consumer price index - the CPI - was up by 2.7 percent in April from the same month last year. A year ago the annual increase was just 0.3 percent. UK inflation has surged to a four-year high of 2.7% https://t.co/cA2ymxzsyN pic.twitter.com/eyFery0ROR— Financial Times (@FinancialTimes) May 16, 2017




It is…
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Turkey - blocks Booking.com in competition law case - economy: euronews Business

euronews Business

Published on 30 Mar 2017

A Turkish court has stopped Booking.com from operating in the country for an undisclosed period.

In a case brought by the Association of Turkish Travel Agencies,
the group alleged that Booking.com violated Turkish competition law by carrying out "unjust competition against travel agencies." https://t.co/2Z9y40lFWv suspended in Turkey over court row with domestic agencieshttps://t.co/XRFWYtDe44 pic.twitter.com/Qo5pgWq4MS— TheBookingFactory (@booking_factory) March 30, 2017




The court o…
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Spanish trains to connect Central Asian countries: euronews Business

euronews Business

Published on 13 Mar 2017

Euronews spoke at Berlin's ITB to Anvar Sharapov, Chairman at the Uzbek State Committee for Tourism Development about how his country seeks to improve the connectivity inside the country but also in the wider Central Asian region.

"We have high respect for our neighbors, they are our brothers. We are planning on common projects together with them with regard to domestic but also to international tourism. It is important to say that in order to improve the conditions for tourism in our region, we actually bought trains from Spain to provide better infrastructure. We also invested in airplanes, such as the Dreamliner, to also make air travel between our countries more comfortable and faster."

EU - How 'smart city' technology is connecting Europeans: euronews Business

euronews Business

Published on 10 Mar 2017

Euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more.

ESI Funds & EFSI Giving risk averse investors confidence: euronews Business

euronews Business

Published on 16 Feb 2017

Euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more.

Why the Fashion Tech business model is taking Europe by storm: euronews Business

euronews Business

Published on 27 Jan 2017

This episode of Business Planet comes from the Germany's capital city, Berlin, where we visited a Fashion Tech hot spot to find out about its business model, the opportunities it presents and the secrets to its success. Fashion Tech

* The cultural and creative industries, such as fashion, design or artistic crafts, represent over 3 million companies and employ over 12 million people in the EU. The annual turnover of these industries is 1.5 trillion euros.

* The marriage of fashion and …

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Germany and EU - urged to take advantage of US protectionism - economy: euronews Business

euronews Business

Published on 24 Jan 2017

Germany is looking to take advantage of trade opportunities in Asia and South America from the United States turning protectionist.

After President Donald Trump withdrew the US from the "Trans-Pacific Partnership":https://en.wikipedia.org/wiki/Trans-P... trade deal, Germany's Vice-Chancellor and Economy Minister Sigmar Gabriel said Trump is shutting doors which can open for other countries.

Gabriel, addressing an energy industry summit in Berlin on Tuesday, said: "Of course, i…
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euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more

Yahoo to change name after internet business sale to Verizon - corporate: euronews Business

euronews Business

Published on 10 Jan 2017

Yahoo is to change its name to Altaba after it sells its main internet business to the telecoms firm Verizon Communications.

The sale will leave it as a holding company with stakes in Chinese e-commerce company Alibaba and Yahoo Japan - a 15 percent of Alibaba and 35.5 percent of Yahoo Japan.

Chief Executive Marissa Mayer will also leave the board, which is being slimmed down. The former Google executive is expected to remain with Yahoo once it becomes part of Verizon.

However the deal is by …
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What are the EU proposals for beating long-term unemployment? euronews Business

euronews Business

Published on 3 Jan 2017

Euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more.

UK - borrowing falls unexpectedly but debt remains high - economy

euronews Business

Published on Nov 22, 2016

There is some good news for Britain's Chancellor of the Exchequer Philip Hammond ahead of his first Autumn Statement. According to official figures, a record amount of corporation tax income in October meant the UK government borrowed less than expected.

Nonetheless, many analysts believe Britain is unlikely to meet its deficit reduction target for the financial year with UK debt still rising.

In October, £4.8 billion was borrowed, £1.6 bn lower than the same month last year.

And in the financ…

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UK - May pledges to make Britain corporate tax haven - economy

euronews Business

Published on Nov 21, 2016

Britain's Prime Minister Theresa May has moved to ease business concerns over Brexit talks.

Speaking to the Confederation for British Industry, a leading business organisation, she said her government plans to attract more firms by lowering corporate tax rates.

"Now we want to go further and look at how we can make our support even more effective because my aim is not simply for the UK to have the lowest corporate tax rate in the G20 but also a tax system that is profoundly pro-innovation," …

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EU - European car sales stall - economy; euronews Business

euronews Business

Published on Nov 17, 2016

Car sales in Europe fell slightly in October, with 1.14 million vehicles registered.

Total sales were down by 0.3 percent for all of Europe (EU member states plus Iceland, Norway and Switzerland) and 0.02 percent for the countries of the European Union.

Full details from the European Automobile Manufacturers' Association "here":http://www.acea.be/uploads/press_rele... (PDF).

Among top markets they slid 5.6 percent in Germany and 4.0 percent in France.

…
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UK - jobless rate falls to 11-year low - economy: euronews Business

euronews Business

Published on Nov 16, 2016

The jobless rate in Britain unexpectedly fell to its lowest level in 11 years between July and September - immediately after the vote to leave the European Union.

EU - How Europe helps small businesses expand internationally - business planet: euronews Business

euronews Business

Published on Nov 11, 2016

Business Planet takes you to Greece this week to discuss international development with Georgia Tzenou from the European network, "Enterprise Europe Network":http://een.ec.europa.eu/. Going global: key facts about the EEN

* The Enterprise Europe Network helps ambitious small and medium-sized enterprises (SMEs) innovate and grow internationally in the EU and beyond. The network has 3,000 experts across 600 member organisations in more than 60 countries.
* The Network experts recognise …

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Hungary - becoming a Premium travel destination: euronews Business

euronews Business

Published on Nov 9, 2016

At the World Travel Market 2016 in London, the leading event for the global travel industry, euronews spoke to Ildiko Mezo, UK Director at Hungarian Tourism, about how the Eastern European nation wants to become a Premium travel destination.

Bank of England drops planned UK interest rate cut: euronews Business

euronews Business

Published on Nov 3, 2016

Britain's central bank has backed off its plans to further reduce interest rates.

Governor Mark Carney said the UK has a "dynamic, flexible economy" which is doing better than had been feared after the vote to leave the European Union, so there is no need for extra stimulus right now.

The Bank raised its forecasts for both growth and inflation next year and said the cost of borrowing could go up or down depending on what happens with those two key economic elements.

Carney told reporters at…

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What is the economic impact of refugees and asylum seekers? euronews Business

euronews Business

Published on Nov 2, 2016

UK - Uber loses driver employment case: euronews Business

euronews Business

Published on Oct 28, 2016

Uber's business model has been dealt a major blow by a British employment tribunal.

Responding to a case brought by of its two drivers, with the backing of a trade union, the tribunal judges ruled the taxi app can no longer treat those drivers as self-employed.

That means it would have to pay them the minimum wage and offer paid holidays. The judges also said that working hours began from the moment most drivers logged into the app rather than just per ride.

This is just the latest setback …
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UK - Little sign of Brexit vote downturn for UK economy - economy: euronews Business

euronews Business

Published on Oct 27, 2016

Britain is still waiting for the big downturn that was predicted after its vote to leave the European Union.

Economic growth in the UK slowed only slightly in the three months after the referendum.

Britain's statistics office said the economy grew by 0.5 percent in the July to September period. That was down from the previous quarter's 0.7 percent growth but beat forecasts for 0.3 percent growth.

The services sector improved, but manufacturing, construction and agriculture all contracted.

…

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