Turkish Statistical Institute: Sectoral Confidence Indices, July 2016 – Services confidence index increased by 5.3%
Seasonally adjusted confidence index which was 95.75 for services in June increased to 100.86 in July. This increase in the services confidence index stemmed from the increased number of managers…
Vattenfall to build a wind farm off Aberdeen
Vattenfall has decided to invest more than SEK 3 billion in a combined wind farm and technology development centre off the Scottish coast The wind farm, known as the European…
UK inflation rate picks up to 0.5%
The Consumer Prices Index (CPI) rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May. The June rate is a little…
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its…
Update EU’s long-term spending plan to cope with crises, urges Budgets Committee
The EU needs to update its long-term spending plan to cope with unforeseen crises such as mass migration, terrorism and youth unemployment, says the Budgets Committee in a resolution voted…
Mitsubishi Heavy Industries and EDF Sign Memorandum of Understanding on Collaboration in Civil Nuclear Power Businesses
Paris/Tokyo, June 28, 2016 – Mitsubishi Heavy Industries, Ltd. (MHI) and EDF, a leading French utility, have agreed a significant step to forge a strategic and global collaborative relationship in…
European Central Bank is closely monitoring financial markets
European Central Bank is closely monitoring financial markets ECB continues to fulfil its responsibilities to ensure price stability and financial stability in the euro area Following the outcome of the…
Statement from the Governor of the Bank of England following the EU referendum result
The people of the United Kingdom have voted to leave the European Union. Inevitably, there will be a period of uncertainty and adjustment following this result. There will be no…
Ending EU citizens’ bank secrecy in Monaco
An EU deal with Monaco, which will make it harder for EU citizens to hide cash from the tax man in bank accounts there, was endorsed by Parliament in a…
Microsoft to acquire LinkedIn
REDMOND, Wash., and MOUNTAIN VIEW, Calif. — June 13, 2016 — Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement…
MEPs approve €500m in fresh EU loans to Tunisia
A plan to lend Tunisia €500 million on favourable terms to help it reduce its external debt and consolidate its democratic mechanisms was backed by MEPs on Wednesday. MEPs backed…
Boskalis signs EUR 300 million contract for Fehmarnbelt project
Today, Femern A/S, a subsidiary of the Danish state-owned Sund & Bælt Holding A/S, and the Fehmarn Belt Contractors joint venture, consisting of Royal Boskalis Westminster N.V. (Boskalis) and Van…
Boost consumer power in the energy market, urge MEPs
Consumers should be given more power in the energy market, say MEPs in a resolution on a “new energy deal for energy consumers”, voted on Thursday. They recommend collective buying,…
LUKOIL LAUNCHES CONSTRUCTION OF A NEW LUBRICANTS PLANT IN KAZAKHSTAN
An official groundbreaking ceremony for a new lube blending plant of PJSC LUKOIL was held today in Kazakhstan. The ceremony was attended by Maxim Donde, general director of LLK-International (a…
Back to the Gulf state: Bosch restarts business in Iran – New office in Tehran
Tehran, Iran/Istanbul, Turkey – The Bosch Group is opening a new regional presence in Tehran, the capital of Iran. By doing so, Bosch intends to tap into one of the…