UK & Europe

ASDA supermarket interior

Today’s special? Walmart set to unload stake in Asda

WALMART, the world’s biggest retailer, may sell a majority stake in UK supermarket chain Asda. (Click here to see stock prices for the companies mentioned...
UK currency, pound stering

Jingle of coins and rustle of banknotes: noises of the past?

By Hal Williams IT’S A CONFUSING time for cash in Britain — maybe even crunch time in the run-up to the Budget. The roll-out of limited...
Vienna CBD, Danube by night

Dedicated proponent of sustainability using ‘tool’ of infrastructure finance

KOMMUNALKREDIT Austria AG is headquartered in the heart of Vienna, and serves German and international markets from its branch office in Frankfurt. As a specialised...

Credit Suisse chief steps down over bank’s corporate espionage scandal

CREDIT Suisse CEO Tidjane Thiam has resigned after a boardroom battle over a corporate spying incident. Shares in Credit Suisse dropped four percent at news...
Pouring Molten Steel

Press ponders the wisdom and reason for British Steel buy-out

BRITISH Steel late last year announced a “rescue deal” with China's Jingye Group, a move that was expected to safeguard up to 4,000 UK...
Car dealership

UK car market stalled for fears of ‘emissions laws and Brexit’

NEW UK car registrations in 2019 fell to their lowest level in six years. A total of 2.31m new cars were registered in 2019, down...
Graphic - woman celebrating new job

Employment on the rise in UK with more women finding work

THE UK's unemployment rate is at its lowest level in nearly 45 years, holding a steady 3.8 percent in the three months to October. Figures...
Grain elevator

Energy exchange group acquires Nasdaq future and options business

ENERGY exchange EEX Group has announced an agreement with US-based Nasdaq Futures (NFX) to buy its futures and options exchange business. The German-based European Energy...
EU budget, tightening the belt

EU looks to balance post-Brexit books, but it isn’t plain sailing

By Jason Agnew AS BREXIT flounders to its uncertain conclusion, the 27 remaining EU countries are contemplating life after the departure of the most contentious...
stock market charts software

Traders want fewer working hours at UK and European exchanges

By Hal Williams EVERY computer programme, algorithm and robot introduced to the workplace theoretically enhances efficiency and cuts the workload — but the real cut...