european union

UK officially leaves EU; forecasters warn of tough times ahead

While Theresa May told MPs that Brexit doubters should look forward with optimism, forecasters warn that divorce from the EU will be costly and that it could weigh heavily on UK's economic prospects in the next years.

Microsoft Became The First Major U.S. Tech Company to Endorse Privacy Protection Pact With the EU

Microsoft has became the first major U.S. tech company to endorse the Privacy Shield agreement between EU and the U.S. The company agreed to discuss the framework of data protection further with the EU officials soon.

BoE Increases Capital Buffer Ceiling To Facilitate Probable Post Brexit Lending Market

The Financial Policy Committee (FPC) of Bank of England (BoE) has warned on Tuesday about possible financial outlook after Brexit. To tackle the possible lending market debacle, the committee has raised bank’s capital buffer requirement. However, the move has been criticized by the Brexit supporters whenever the referendum poll gets nearer.

UK's Finance Minister pushes G20 against Brexit

UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.

Bank of England has many choices to boost Britain's economy according to Governor Mark Carney

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

Poundsterling Took a Hit Over Possible "Brexit"

British currency suffered the biggest drop in one day, triggered by speculation Britain to leave. While Prime Minister Cameron stressed the importance of United Kingdom to stay in the EU.

Drop in UK export brought fears for pound's stability

UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.

Immigrants beneficial to Germany in the long run

Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.

Euro nations take a vote on Greece bailout ahead of crucial meetings

Many European nations are holding crucial meetings on the third round of bailout package to Greek. The Eurozone is divided over euro 86B package to the ailing Greece economy. A clear picture is likely to emerge after Wednesday.

Russia offers energy pipelines to Greece - a very expensive lifeline, skeptics say

Expert views on Russia's offers to Greece warns for its long-term effect to the ailing country. Greece will have to work hard or suffer the effects of desperate actions.

Greece submits new proposals but creditors remain skeptic

Greece submitted new proposals that promise an overhaul to create additional revenue. The new proposal set could be ideal and more aligned to the creditors' earlier demands yet uncertainty remains.

Britain joins E.U. in criticizing Russia’s travel blacklist

Britain and E.U. both expressed criticisms on Russia's 'stop list' that bans a list of European nationals and military leaders from traveling io Russia.

European Union expresses anger over recently revealed Russian travel blacklist

The European Union is furious over some of the names included on Russian travel blacklist.

Latest Stories

Buying Returned Items in Bin Stores Gives You Up to 80% Discount

Have you ever wondered what happens when you return clothing, a coffee machine, or other purchases to online stores like Amazon?

Retail Shakeup: Are Your Favorite Stores Closing? 3,200 Store Closures Recorded

According to a recent report, the retail industry is struggling as it deals with consumers who are tired of paying for inflation and a wave of bankruptcies.

US Airlines Challenge Biden's Fee Transparency Directive

American airlines have filed a lawsuit to prevent the Biden administration from imposing more transparency on the fees that they charge their customers.

Should You Stay Invested? Market Treads Water as Inflation Reach 3.3% Annually

The S&P 500 ended the week very slightly down as investors took a break following three weeks of gains.

California Landline Battle Could Bring Nationwide Relief For Your Bills

AT&T is requesting that California utility regulators reject its request to be relieved of its obligation to offer traditional landline phone service.