Euro Zone

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Rapid UK recovery starts to slow from previous red-hot pace

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LONDON - Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May's election.

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Merkel voices support for Draghi after report of tensions 5:03pm BST

BERLIN - German Chancellor Angela Merkel thanked ECB President Mario Draghi for spelling out to leaders at an EU summit that governments must play a role in boosting the faltering euro zone economy, and said it was their firm intention to do so.

Draghi urges joint euro zone effort to avert recession 3:56pm BST

BRUSSELS - European Central Bank President Mario Draghi urged euro zone leaders at a summit on Friday to make a joint effort combining structural reforms, investment, budget discipline and stimulating demand to avoid "a relapse into recession".

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Stagnating euro zone seeks German shift 2:25pm BST

BRUSSELS - France and Italy sought on Friday to bridge stark differences with Germany over how to avert economic stagnation and deflation, but Chancellor Angela Merkel warned her peers against repeating the euro zone's debt crisis.

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EU's growth tsar tells Germany to invest more, no decision on Italy 9:09am BST

BRUSSELS - Germany's potential for economic growth is far too low and the country must invest more, the EU's top economic official said on Friday, joining a growing chorus of leaders who want Europe's biggest economy to spend more to avoid euro zone stagnation.

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Europe's banks face moment of truth from ECB review 3:06am BST

LONDON/FRANKFURT - The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector. | Video

Merkel to Hollande: budget rigour, growth go together 23 Oct 2014

BRUSSELS - Germany and France both called for economic growth to be at the heart of the euro zone's budget strategy on Thursday but German Chancellor Angela Merkel warned against returning to the pre-crisis days of high spending to try to revive the economy.

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Europe's banks face moment of truth from ECB review 23 Oct 2014

LONDON/FRANKFURT - The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.

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Business activity improves in China, euro zone but little sign of turnaround 23 Oct 2014

LONDON/BEIJING - Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.

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Euro zone consumer confidence rises in October 23 Oct 2014

BRUSSELS - Euro zone consumer confidence defied market expectations of a fifth straight month of decline and rose slightly in October, a flash estimate from the European Commission showed on Thursday.

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Insight - Mario Draghi's German problem

BERLIN/FRANKFURT/PARIS - In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians.

French court approves Kazakh tycoon Ablyazov's extradition to Russia

LYON France - A French appeals court approved on Friday the extradition from France to Russia or Ukraine of jailed Kazakh tycoon Mukhtar Ablyazov, accused of embezzling up to $6 billion (3.73 billion pound) from his former bank BTA.

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Italy court clears designers Dolce and Gabbana in tax evasion case

ROME - Italy's top court cleared fashion designers Domenico Dolce and Stefano Gabbana on Friday over charges of hiding hundreds of millions of euros from Italian tax authorities.

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