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'Alive and kicking' - German economy shifts into higher gear


BERLIN The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, suggesting that Europe's biggest economy is powering ahead despite trade-related business uncertainties.

German investor morale improves more than expected 10:34am BST

BERLIN The mood among German investors improved more than expected in August, a survey showed on Tuesday, as a U.S.-EU trade deal helped to dispel concerns about an escalating tariffs dispute.


Euro edges up, but threat from Turkey remains 9:49am BST

LONDON The euro recovered on Tuesday from earlier losses linked to the collapse of the Turkish lira, but investors said the exposure of European banks to Turkey would continue to hound the single currency.

Trade risks for German economy remain high - ministry 9:21am BST

BERLIN Germany's economic upswing is set to continue due to vibrant domestic demand and higher investment but the trade dispute with the United States is clouding the growth outlook, the Economy Ministry said on Tuesday.


Turkey's economic woes hurt euro, emerging market currencies 13 Aug 2018

NEW YORK The fallout from the Turkish lira's plunge sent the euro to a new 13-month low and hammered emerging market currencies as investors worried about contagion scrambled for the safety of the yen and the Swiss franc.


RBS's Ulster Bank offloads 1.4 billion euros of bad loans 13 Aug 2018

DUBLIN Royal Bank of Scotland's Ulster Bank said on Monday it had agreed to sell 1.4 billion euros (1.3 billion pounds) of non-performing mortgage loans to an affiliate of U.S. fund Cerberus, the latest such deal by an Irish lender.


Merkel, Putin to discuss Syria, Ukraine and energy 13 Aug 2018

BERLIN Chancellor Angela Merkel and President Vladimir Putin will discuss the war in Syria, the conflict in east Ukraine and a disputed pipeline to bring Russian gas to Germany during talks near Berlin on Saturday, a German government spokesman said.


Italy expects financial market attack in August - government official 13 Aug 2018

ROME Speculators will probably attack Italian financial markets this month but the country has the resources to defend itself, a senior and highly influential government official said in a newspaper interview on Sunday.


ECB's Draghi has not had a discussion with Italy's Savona since late July 13 Aug 2018

FRANKFURT European Central Bank President Mario Draghi met Italy's European Affairs Minister Paolo Savona at the end of July but they have not had a discussion since, an ECB spokesperson said on Monday.


No risk of speculative attack on Italian markets - deputy PM 13 Aug 2018

MILAN Italy's Deputy Prime Minister Luigi Di Maio said on Monday there was no risk of speculators attacking the country's financial markets and that the government was working to stabilise the economic and financial situation.


Far-right German leader sceptical of Bannon's anti-EU push

BERLIN A leader of the far-right Alternative for Germany (AfD) party has poured cold water on plans by Steve Bannon, U.S. President Donald Trump's former political strategist, to forge a wide populist alliance to undermine the European Union.

Air France KLM shares slump on risk of further strikes

PARIS Air France KLM shares slumped on Monday after the airline's biggest pilots union said over the weekend that there were risks of further strikes if pay talks with management did not resume.


Italy refuses safe harbour to migrant ship, Spain also reluctant

ON BOARD THE AQUARIUS Italy on Monday denied safe harbour to 141 people rescued by a humanitarian ship off the coast of Libya last week, setting up another standoff with European Union allies over taking in migrants who try to cross the Mediterranean. | Video

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