Economic News Europe

Airbus company

Airbus shuts GPT to save it from criminal prosecution

Airbus, the European airplane company announced that it would close its UK subsidiary, GPT Special Project Management. The UK…

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German flag

Germany loses track of 160 ‘Islamic State’ supporters 

About 1,000 Germans traveled to the Middle East to join the ‘Islamic State’ after 2013. A few of them…

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Airbus

Airbus easily outpaces Boeing in new plane orders since Paris Air Show wraps up 

Airbus capped a comparatively low-key Paris Air Show with more than two times as many orders as Boeing. From Monday through Thursday,…

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Carney warns that abrupt shift to no-brexit deal would hit UK economy

With the United Kingdom nearing the date of exiting the EU, i.e. 31 October, the Bank of England governor,…

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waymo

Waymo finalized a contract to make self-driving cars for use in France and Japan 

Waymo has agreed upon a deal with Renault and Nissan to build self-driving cars and trucks for use in France, Japan…

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Bank of England

Sterling slips since Bank of England cuts second-quarter progress to zero

The Bank of England kept interest rates stable on Thursday amid the possibility of a no-deal Brexit still hanging over the…

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Deutsche Bank faces criminal investigation over money-laundering issue

Deutsche bank has been accused of money-laundering charges imposed by a former Bank employee. Tammy McFadden, a former anti-money…

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European Central Bank

Trump rebuked European Central Bank for weakening euro

On Tuesday, US President Donald Trump rebuked European Central Bank President Mario Draghi for hinting at the route of…

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European regulators are already pushing Facebook concerning  its cryptocurrency 

As Facebook launched its cryptocurrency project today, European authorities quickly called for scrutiny of the plan, raising concerns over whether the…

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Sothebys

French-Israeli billionaire acquires Sotheby

On Tuesday, Sotheby, a 275-year-old auction house, announced that it has been acquired by BidFair USA, for about $3.7…

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