News about economy

Santander names Ana Botin as chair after her father's death Ana Patricia Botin was named the new chairman of Spanish bank Santander, replacing her father who died suddenly of a heart attack.

11 September 2014

Merkel 'proud' of budget, insists on rigour in EU Angela Merkel voiced pride in her country's strong budget and called on EU states "finally" to respect joint fiscal rules.

10 September 2014

Share of SMEs in Kazakhstan's GDP stagnant for 7 years The share of small and medium-sized enterprises (SMEs) in Kazakhstan’s GPD has not exceeded the threshold of 20% over the past seven years.

05 September 2014

Economic growth kills minority languages: study Economic prosperity is the worst enemy of minority languages.

03 September 2014

IMF warns Ukraine may need extra $19 bn in help The International Monetary Fund warned that economically-devastated Ukraine may need an extra $19 billion (14.5 billion euros) in assistance

03 September 2014

Kazakhstan ready for various geopolitical risks: Nazarbayev President of Kazakhstan said the country was facing quite a few problems but was prepared to address various scenarios.

02 September 2014

Draghi 'supports' France's call to boost European demand French President and the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation.

02 September 2014

IMF approves $1.4 billion aid payment for Ukraine The International Monetary Fund approved the release of nearly $1.4 billion in fresh funds for troubled Ukraine.

30 August 2014

Tesco issues new profit warning, slashes dividend Troubled British supermarket giant Tesco issued another profits warning and slashed its shareholder dividend by 75 percent.

29 August 2014

German jobless rate unchanged in August: data Unemployment in Germany stagnated in August, as clouds continue to build over Europe's biggest economy.

28 August 2014

Ukraine loves Nazarbayev: Poroshenko President of Ukraine Petro Poroshenko sees a great potential for an increase of goods turnover between Kazakhstan and Ukraine.

27 August 2014

France's economic malaise: A sense of deja-vu? When Francois Hollande's inaugural parade was drenched in rain, some jokingly wondered whether this was a warning of things to come.

27 August 2014

Germany should drive economic recovery in Europe: IMF chief IMF chief C. Lagarde wants Germany to play a bigger role in propelling economic recovery in Europe, suggesting that German wages should rise.

25 August 2014

Burger King plans to buy Canadian chain Tim Hortons Fast-food chain Burger King plans to buy chain Tim Hortons in an acquisition that will make it the world's third largest in the fast-food sector.

25 August 2014

Ukraine's economy minister announces resignation Ukraine's economy minister announced his resignation following conflicts within the government on how to turn around the economic situation.

22 August 2014

Russian Communist park restored amid wave of nostalgia A giant Moscow complex extolling the days of the old planned economy has been restored amid a wave of nostalgia for Russia's past.

22 August 2014

Carlsberg lowers profit outlook on fall in Russian sales Danish brewer Carlsberg cut its annual profit guidance and said economic uncertainty in Russia, could prompt it to close some breweries.

20 August 2014

Hollande faces host of headaches on return from holiday President Francois Hollande faces a mountain of problems when French political life restarts after the long summer holidays.

19 August 2014

Mercedes-Benz accused of 'price-fixing': China media China has accused Mercedes-Benz of price-fixing, state media reported, amid an anti-monopoly investigation into foreign carmakers.

18 August 2014