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Europe: Inflation is down; European Central Bank is in no hurry to make more rate cuts

Europe: Inflation is down; European Central Bank is in no hurry to make more rate cuts

Tue, Jul 02, 2024

The figure released Tuesday was down from 2.6 per cent in May, welcome news as inflation continues to fall from its peak of 10.6 per cent that robbed consumers of spending power and mired the European economy in months of near-zero growth.

Outside Europe, India most important market for Skoda, says CEO Klaus Zellmer

Outside Europe, India most important market for Skoda, says CEO Klaus Zellmer

Sun, Jun 30, 2024

The company, which currently sells models like Kushaq and Slavia in the country, aims to drive in an all-new compact SUV early next year hoping to almost double its sales volume in the market.

UiPath expands India footprint, launches 2 new data centres

UiPath expands India footprint, launches 2 new data centres

Wed, Apr 24, 2024

The launch of these data centres marks a significant landmark for UiPath Automation Cloud, providing both public and private sector entities with unparalleled opportunities for growth and innovation.

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Europe's leading culinary prize, Euros Basque Culinary World Prize, seeks out Indian chef nominees

Europe's leading culinary prize, Euros Basque Culinary World Prize, seeks out Indian chef nominees

Fri, Feb 21, 2020

Indian chefs are called out by organisers of annual 100,000 Euros Basque Culinary World Prize to join in and showcase the country's exceptional skills.

Huawei builds first-ever 5G network in Europe

Huawei builds first-ever 5G network in Europe

Wed, Jul 10, 2019

Chinese tech giant Huawei has built next-generation 5G mobile phone network in Monaco, making the sovereign city-state in the French Rivera the first European country to be fully covered by 5G.

Heatwave roasts Europe! France registers new record temperature of 45.9 degrees C

Heatwave roasts Europe! France registers new record temperature of 45.9 degrees C

Sat, Jun 29, 2019

France's new record temperature of 45.9 degrees C was registered in Gallargues-le-Montueux, a village in the southern department of Gard near Montpellier, breaking successive records set earlier in the day, the Meteo-France weather service told AFP.

How you can sponsor your Europe trip just one year after joining work

How you can sponsor your Europe trip just one year after joining work

Wed, May 15, 2019

Who wouldn't like to go on a long trip to Europe, the continent full of beautiful countries, popular cities and wonderful culture. But sadly, it is an expensive dream, that too when you have just started working.

Eurail announces 37 pct price cut on passes; here are benefits you will get

Eurail announces 37 pct price cut on passes; here are benefits you will get

Mon, Apr 08, 2019

To mark its 60th anniversary this year, Eurail Pass has announced up to 37 per cent permanent reduction in prices on all passes as well as provided more convenient travel options for travellers from India and rest of world.

As worries about populism in Europe rise, investors bet on stock market volatility

As worries about populism in Europe rise, investors bet on stock market volatility

Fri, Mar 22, 2019

While the classic gauge of fear -- known as implied volatility, which tracks demand for options in European stocks -- is currently at 15.68, futures that bet on the same thing over the coming months show a pronounced jump.

UK no longer preferred spot for Indian investment

UK no longer preferred spot for Indian investment

Wed, Feb 20, 2019

According to the survey, by legal and consulting firm Baker & McKenzie, Indian business leaders are bullish on investments, but the UK is no longer a target country for them. Indian companies are finding South East Asia as a "new land of opportunity," it said.

Nearly half of German firms expect growing trade strains between Europe and US

Nearly half of German firms expect growing trade strains between Europe and US

Mon, Nov 19, 2018

US President Donald Trump and European Commission President Jean-Claude Juncker struck an agreement in July that should shield European firms from U.S. auto tariffs while the two sides continue to work on trade issues.

Google may charge device makers for its Android apps in Europe

Google may charge device makers for its Android apps in Europe

Wed, Oct 17, 2018

In its bid to comply with the decision of European Union`s anti-trust watchdog`s decision against Android, Google is updating the compatibility agreements with mobile device makers and may ask them to pay a fee for Google Play and other its other Android apps used in Europe.

Import tariffs will have far-reaching implications on global growth: Report

Import tariffs will have far-reaching implications on global growth: Report

Sun, Jul 29, 2018

Import tariffs will have far-reaching implications and though the impact is manageable for now, escalation in this aspect could mean significant downside to global growth, says a report.

Asian markets post modest gains as trade fears keep investors cautious

Asian markets post modest gains as trade fears keep investors cautious

Fri, Jul 27, 2018

Asian stocks struggled to gain traction on Friday, following a mixed Wall Street finish and as the worsening Sino-U.S. trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe.

Europe up against Asian juggernaut in electric car battery drive

Europe up against Asian juggernaut in electric car battery drive

Tue, Jun 05, 2018

BYD, which also makes electric buses, cars and solar panels, said it was not clear where in Europe a battery site might be. "It would be possible wherever there`s a market." The company, which is backed by Warren Buffett`s Berkshire Hathaway, joins Korea`s SK Innovation, Japan`s GS Yuasa Corp and China`s Contemporary Amperex Technology (CATL) in looking to locate battery plants in Europe.

Euro zone inflation well above expectations in May, offers relief to European Central Bank

Euro zone inflation well above expectations in May, offers relief to European Central Bank

Thu, May 31, 2018

The ECB has a mandate to keep inflation below but close to 2 percent, a task that has proven challenging as, even with economic growth on its best run in a decade, price pressures have remained stubbornly subdued. The ECB has spent months setting up investors for an end to its 2.55 trillion euros ($3 trillion) bond purchase scheme. However, political crises in Italy and, potentially, Spain risk reigniting market turbulence on the bloc`s periphery and derailing the bank`s exit strategy.

Which countries are the preferred destinations for Indians? Know here

Which countries are the preferred destinations for Indians? Know here

Sun, May 20, 2018

With travel bug catching up in India, European countries are a preferred destination for Indians this summer, according to a survey. Searches were conducted by travel search engine KAYAK.co.in between October 1, 2017 to March 23, 2018 for travel dates between May 5, 2017 and August 31, 2018

In Tata Motors Range Rover, PM Narendra Modi arrives for meet with UK PM May

In Tata Motors Range Rover, PM Narendra Modi arrives for meet with UK PM May

Wed, Apr 18, 2018

The two leaders are expected to discuss wide range of issues of mutual interest, including cross-border terrorism, visas and immigration. A memorandum of understanding (MoU) on the return of illegal immigrants, which had expired in 2014, will be officially renewed to take into account biometric, and other developments in the field, along with a range of nearly a dozen MoUs across different sectors, said the report.

G20 sees need for ''dialogue,'' fails to defuse trade war threat

G20 sees need for ''dialogue,'' fails to defuse trade war threat

Wed, Mar 21, 2018

The world`s financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China.

Euro zone banks may get reprieve until 2021 from ECB bad debt rules

Euro zone banks may get reprieve until 2021 from ECB bad debt rules

Thu, Mar 15, 2018

According to the guidelines, banks will have two years to fully provision for soured non-secured debt, while in the case of secured loans the deadline will be seven years. The new guidelines were intended to take effect on Jan. 1 but the bank pushed back its deadline to revise the proposal after fierce criticism, particularly from Italy, whose banks have accumulated more bad debt that most in Europe.

China's Huawei set to lead global charge to 5G networks

China's Huawei set to lead global charge to 5G networks

Fri, Feb 23, 2018

5G networks, now in the testing stage, will rely on denser arrays of small antennas and the cloud to offer data speeds up to 50 or 100 times faster than current 4G networks and serve as critical infrastructure for a range of industries.

Airbus takes 1.3 billion euros charge on A400M military plane

Airbus takes 1.3 billion euros charge on A400M military plane

Thu, Feb 15, 2018

Europe`s largest aerospace group posted adjusted 2017 operating profit of 4.253 billion euros on revenues of 66.767 billion euros and predicted a 20 percent rise in adjusted operating income in 2018.

Rolling world stock sell-off runs to $4 trillion

Rolling world stock sell-off runs to $4 trillion

Tue, Feb 06, 2018

Wall Street futures offer a chink of light as they turned higher but commodities suffered too, with oil and metals all tumbling backwards as what had been one of their best starts to a year also soured rapidly.

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