News

Solvency II looks to regulate the European insurance industry

A decade in the making, new Europe-wide rules governing the insurance industry have come into effect, potentially sparking an M&A boom

Tesco brings in retail veterans to rebuild reputation

Tesco is adding two new members to its board amid turnaround plans by new CEO Dave Lewis, after the struggling retailer overstated its profit forecasts by £250m

Ford to close factories in UK and Belgium

Ford is planning to close factories in both the UK and Belgium in a move that will cause thousands of job losses

Women compulsory on EU company boards: Plans postponed

Plans for a mandatory quota of women on EU company boards have been postponed

Spanish PM’s win fuels bailout hopes

Spain’s People’s Party has won 41 out of 75 seats in the Galician area of the regional elections, potentially paving the way for Prime Minister Mariano Rajoy to request a bailout

BP readying to sign Rosneft deal

BP has indicated it is on the verge of agreeing a $27bn deal that would see Rosneft take over its 50 percent stake in TNK-BP

Rosneft to offer $28bn takeover of BP’s Russian operations

BP is set to receive an offer of $25-28bn from Rosneft in return for its stake in the Russian TNK-BP joint venture

EU leaders gather in Brussels

Eurozone leaders are meeting in Brussels today for a two-day summit to discuss the continued crisis

Monet and Picasso works stolen from Dutch museum

The raid took place yesterday at dawn, and is the biggest art heist in the Netherlands since 1991 when 20 paintings were stolen (and soon recovered) from the Van Gogh museum in Amsterdam. Roland Ekkers, from Rotterdam Police, said: “The alarm system in the Kunsthal was supposed to be state-of-the-art. But somehow the people responsible for […]

EU demands rethink of Google’s “high risk” privacy policy

Google is to be told by the EU to modify the way it gathers personal information after making drastic changes to its privacy policy

Lithuania votes out conservative government

Lithuanians have voted out their conservative government in favour of opposition parties

IMF expects courageous and cooperative action to fix global economy

Christine Lagarde, head of the IMF, has said that Europe and the US must act bravely to decrease unemployment and fix the economy

Greek debt discussions stagnate

Negotiations to reduce Greece’s debt reached a sticking point today as international lenders rejected €2bn in cuts proposed by the troubled country

EU nuclear reactors need $32bn repairs

Almost all of Europe’s nuclear reactors need repair, to the cost of $32bn, according to a report by the European Commission

Portugal’s “enormous” tax hike despite protests

The Portuguese government has announced tax rises in an effort to reduce the deficit, despite increasing discontent among the countries’ people

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