Business

Brexit Puts a Massive Burden on the German Economy. The Brexit is a massive burden on the German economy and is expected to cost half a percent of economic growth if the British leave the EU without agreement. This is what President…

LG Claims 55 million pounds from Philips after a Penalty for price Agreements. The South Korean electronics manufacturer LG Electronics claims 55 million pounds from Philips because of the fine they received for prohibited price agreements…

EU Commissioner: Ryanair must Comply with European Legislation. EU Commissioner Marianne Thyssen (Work and Social Affairs) stated Tuesday against Ryanair boss Michael O'Leary that the airline must comply with European law. "Respect…

The British central bank Increases Interest rates for the Second time Since the Crisis. The British central bank, the Bank of England (BoE), has increased interest rates to 0.75 percent. It is only the second time since the…

European Companies react Relieved to avert a Trade War. European industry reacts positively to the agreements made by US President Donald Trump and European Commission President Jean-Claude Juncker in Washington. Both superpowers…

ING lowers Variable Savings rates as the First large Bank to 0.03 Percent. ING reduces the variable interest rate on savings accounts from 0.05 percent to 0.03 percent. ING is the first major bank in the Netherlands that does that, reports…

KLM Demands Equal Treatment. We no longer want to be handled as a subsidiary of Air France, while KLM makes four times more profit, reported by The Zoom News. "According to the French news channel BFMTV, this is stated in a letter…

IMF agrees with Billions Aid for Argentina. The emergency loan of 50 billion dollars has approved by The board of the International Monetary Fund (IMF) for Argentina for the next three years. The country had asked the IMF for help…

Facebook Continued to sell User data After 2015. Facebook said in 2015 no more user data to supply developers, but some parties continued to keep access to the data, said by The Forbes News. In some cases, the companies also had…

European Commission may be on the Trail of a Chemical Cartel. The European Commission has done several raids on companies from the chemical sector this week. Brussels says it is concerned that parties in the sector have violated…