Economy & Policy

EU analysing India's digital data protection law amid privacy concerns Under European Union rules, personal data can only be transferred to countries with protection laws equivalent to its own General Data Protection Regulation The…

UK retail chain Wilko at risk of collapse Synopsis Britain's Wilko, a discount retail chain which sells homeware and household goods, is at risk of collapse after it filed a notice of intention to appoint administrators on Thursday,…

Russia to avoid buying FX under budget rule this year Synopsis Russia will not use excess oil revenues to purchase foreign currency on the open market this year, as prescribed by its budget rule. On Thursday, the finance ministry will…

UK should streamline Europe’s key ESG test, advisory group says LONDON: A cornerstone of the European Union’s (EU) sustainable finance package should be streamlined by the United Kingdom to make it more useful to the market, according to…

EU Companies Get ESG Rules Aimed at Addressing Climate Risks New sustainability reporting standards mark ‘a new age’ Rulebook leaves loopholes to duck disclosure, critics warn European economy grew modestly in the most recent…

stagnation. But rate hikes are weighing on businesses Europe's economy is growing again — but not by much FRANKFURT, Germany -- Europe’s economy has grown modestly after months of stagnation, but higher interest rates designed to fight…

Europe’s Economy Expanded in Spring, and Inflation Has Eased The News Europe’s economy showed signs of recovery in spring, emerging from a stagnant start to the year to expand in the months of April to June, data released on Monday…

German economy stagnates in second quarter: official data Synopsis Germany's economy stagnated at zero percent in the second quarter of 2019, according to official data released by federal statistics agency Destatis. Europe's largest…

ECB hikes rates again while keeping options open for September Evidence is mounting that the effect of ECB’s bout of hikes is reaching firms, households The European Central Bank lifted interest rates by another quarter-point while…

Finnair rolls-out new business and premium cabins on more routes Finnair’s new business class seating and revamped premium economy cabin will be available on more long-haul routes to Asia and the US from August. The products, first…