Economy

Scrapping, tough economy hit May Europe car sales

New passenger car sales fell 9.3 percent in May in the EU as the effects of government support for the car industry slipped away and the economic environment remained difficult, industry association ACEA have announced. Governments helped carmakers hit by the crisis last year with scrapping incentive schemes that boosted demand for new cars, but […]

Econ min: Spain will not have to ask for help

Spain’s debt is under control and it will not have to ask for help like fellow eurozone member Greece, Economy Minister Elena Salgado said in an interview with newspaper Cinco Dias. “Our debt is clean, we will not have to ask for help,” she said. The country is sticking to its targets to reduce the […]

Fraud costs UK economy £30bn a year

Fraud costs the British economy more than £30bn a year, according to the government’s first official estimate. The National Fraud Authority (NFA) said on average fraud costs every adult £621 a year, through both its direct effects and the indirect impact of losses being recovered through taxes and the increased prices of products and services. […]

Europe shares hit new 15-month high, banks support

European shares hit a new 15-month peak in early trading on Wednesday, led higher by financials and miners, with investors waiting for more macro-economic data later in the session for clearer market direction. At 08:11 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent to 1,064.25 points, the highest since October […]

Investors kick off 2010 in bullish mood

Financial markets kicked off 2010 on an upbeat note on Monday with world stocks close to 15-month highs on hopes for a sustainable economic recovery. The dollar was slightly weaker against a basket of major currencies while government bonds sold off. MSCI’s all-country world stock index was up nearly half a percent, slightly below 2009 highs but around where […]

The recession diet

Shedding travel programme excess without compromising strategic objectives

Awards Supplement 2023

The European CEO awards 2023 have now been announced, presenting our pick of the CEOs, companies and campaigns leading their sectors.