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EU states should guarantee minimum income for citizens - Juncker


BRUSSELS The European Commission wants all EU member states to introduce minimum wages and incomes for their workers and unemployed, the head of the EU executive president said on Monday, in an effort to combat growing social inequality and poverty.


Pound eyes $1.25 as traders bet British government to lose Brexit case 5:38pm GMT

LONDON Britain's pound surged to its highest in five weeks on Monday as investors priced in a defeat for the government in its appeal against a ruling that forces it to consult parliament before formally triggering EU exit talks in March.


Britain launches interventionist drive for post-Brexit industrial revival 5:27pm GMT

LONDON Britain's government on Monday unveiled a new interventionist approach to rebalance its heavily services-based economy for the post-Brexit era, in a break with traditional Conservative laissez-faire economic policy. | Video


British banks' optimism hits crisis-era low on Brexit uncertainty 5:26pm GMT

LONDON Optimism about the business environment for Britain's financial services firms fell for a fourth consecutive quarter, according to a survey published on Monday, the longest decline since the global financial crisis. | Video


May to defend free trade and Iran deal in talks with Trump 4:17pm GMT

LONDON British Prime Minister Theresa May will stress the value of free trade and her support for the Iran nuclear deal when she meets U.S. President Donald Trump later this week, her spokeswoman said on Monday.


Struggling UK steel sector needs broad govt support - MPs 4:14pm GMT

LONDON Britain's steel industry needs a comprehensive government strategy to boost the sector, which must be a priority in negotiations on Britain's exit from the European Union, a cross-party parliamentary report said on Monday.


'Brexit, so what?' German firms expect little fallout, says poll 3:13pm GMT

BERLIN A large majority of German companies expect Britain's divorce from the European Union to cause little if any damage to their business, according to a poll published by the Cologne Institute for Economic Research (IW) on Monday.


Euro zone consumer confidence rises less than expected in January 3:06pm GMT

BRUSSELS Euro zone consumer confidence rose slightly less than expected in January, preliminary data from the European Commission showed on Monday.

UK launches industry strategy to counter any Brexit turbulence 1:32pm GMT

LONDON Britain published the outline of its industrial strategy on Monday, putting forward proposals for a more hands-on approach to developing key industries as a way to protect the economy from any turbulence caused by leaving the European Union.


Bank of England to keep rates on hold until 2019 at least - Reuters poll 1:07pm GMT

LONDON The Bank of England will leave its record-low interest rates and other stimulus measures unchanged at least until 2019, even though it is likely to revise up its 2017 growth predictions again next week, a Reuters poll found on Monday.


Germany's AfD plans to discipline state leader after disputed speech about Holocaust Memorial

BERLIN The right-wing Alternative for Germany (AfD) will discipline one of its state leaders for criticising Berlin's Holocaust Memorial but will not expel him over the episode, the party's co-leader said on Monday.

France's Fillon tells Merkel Russia sanctions are pointless

BERLIN European Union sanctions on Russia are pointless, the frontrunner in France's presidential election Francois Fillon said on Monday in Berlin, warning Russia and the United States under Donald Trump could forge links that exclude the EU.


Body of seventh victim found in Italy hotel avalanche, court opens probe

PENNE, Italy The body of a seventh victim was found in the buried ruins of a mountain hotel in central Italy on Monday as questions multiplied over the official response to last week's blizzards and deadly avalanche.

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