Corinthia group (International Hotel Investments) has today announced that it has made an approach to buy the Radisson group (Island Hotels Group Holdings p.l.c.) in a takeover deal....

Traders were caught blindsided yesterday as Switzerland’s central bank unexpectedly abandoned its currency peg against the euro and sent shock waves through the markets. The SNB ended its...

Europe's automakers' association ACEA has confirmed that the industry's six-year decline ended last year, reporting a 5.7-percent increase in car sales in 2014 to 12.5 million vehicles. That was...

Life is unpredictable; the best that we can do is to be prepared for the worst and to hope for the best. One cannot rely on fate, providence or chance, because life can be volatile and surprising at...

The European Union's top court ruled Thursday that Ryanair has the right to block or impose conditions on price comparison websites that mine data from the budget carrier's online database without its...

Equity Indices Energy shares and basic-resources companies posted the biggest losses among all 19 industry groups as Brent prices slid further, while copper tumbled to a 5 1/2-year low. The World...

ECB Monetary Operations On Friday, 2 January, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Monday, 5 January and attracted...

The European Commission is ready to further assist Ukraine, which has been hit hard by a deep recession. The conflict in the East of the country has had a heavy toll on the economy. Last week the...

This New Year's Day was quite different for the European Union and for one of the Baltic States - Lithuania. Indeed, Lithuania officially became the 19th EU member state to join the euro area. Since...