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  • Pigeons fly over a fluttering Greek national flag in Athens
    Greece fails to reach initial deal on reforms with lenders Reuters - 9 hours ago

    Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said …

    Pigeons fly over a fluttering Greek national flag in Athens

    Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday. The lack of a deal further raises pressure on Athens, which faces the prospect of running out of money …

  • UK growth revised higher at end of 2014, boosted by exports Reuters - 15 hours ago

    By Andy Bruce and William Schomberg LONDON (Reuters) - Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime …

    A transporter lorry drives between shipping containers stacked at the port of Felixstowe in south east England

    By Andy Bruce and William Schomberg LONDON (Reuters) - Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime Minister David Cameron before a national election on May 7. Finance minister George Osborne also seized on data on Tuesday …

  • German unemployment rate hits record low in March Reuters - 15 hours ago

    Germany's jobless rate hit a record low of 6.4 percent in March, data showed on Tuesday, in a positive sign for private consumption which is expected to drive growth in Europe's largest economy this year. …

    Passengers walk inside Berlin's central railway station

    Germany's jobless rate hit a record low of 6.4 percent in March, data showed on Tuesday, in a positive sign for private consumption which is expected to drive growth in Europe's largest economy this year. The number of people out of work decreased by 15,000 on a seasonally-adjusted basis to 2.798 million, data from the …

  • Lufthansa insurers set aside $300 million to deal with possible costs of Germanwings crash The Canadian Press - 16 hours ago

    BERLIN - Lufthansa says its insurers are setting aside $300 million to deal with possible costs resulting from last week's crash of a Germanwings jet in the French Alps, in which 150 people died.

    A French rescue worker inspects the debris from the Germanwings Airbus A320 at the site of the crash, near Seyne-les-Alpes, French Alps

    BERLIN - Lufthansa says its insurers are setting aside $300 million to deal with possible costs resulting from last week's crash of a Germanwings jet in the French Alps, in which 150 people died.

  • Greek PM says wants 'honest compromise' but not at any cost Reuters - Mon, 30 Mar, 2015 5:02 PM EDT

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" …

    Greek national flags are displayed for sale at a one-Euro shop in Athens

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. With its cash coffers emptying rapidly, …

  • Soros says ready to invest $1 billion in Ukraine if West helps Reuters - Mon, 30 Mar, 2015 2:16 PM EDT

    George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper …

    Soros, Chairman of Soros Fund Management, speaks during the session 'Recharging Europe' in the Swiss mountain resort of Davos

    George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper Der Standard. Soros has previously urged the West to step up aid to Ukraine, outlining steps toward a $50 billion …

  • Pending home sales give hopeful sign for U.S. housing market Reuters - Mon, 30 Mar, 2015 10:05 AM EDT

    Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February, a sign the lackluster recovery in the U.S. housing market could be accelerating. The National …

    Home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in Virginia

    Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February, a sign the lackluster recovery in the U.S. housing market could be accelerating. The National Association of Realtors on Monday said its pending home sales index rose 3.1 percent last month.

  • Bank of England to stress test banks for global slump scenario Reuters - Mon, 30 Mar, 2015 8:59 AM EDT

    By Huw Jones and William Schomberg LONDON (Reuters) - Britain's seven biggest lenders will have to show they can cope with a global economic slump triggered by a sharp slowdown in China and a crash in …

    A pedestrians walks under an arch opposite the Bank of England in London

    By Huw Jones and William Schomberg LONDON (Reuters) - Britain's seven biggest lenders will have to show they can cope with a global economic slump triggered by a sharp slowdown in China and a crash in the euro zone in this year's round of stress tests conducted by the Bank of England. Britain decided to introduce annual …

  • Western banks axed 59,000 jobs last year, more cuts to come in Europe Reuters - Sun, 29 Mar, 2015 10:24 PM EDT

    By Steve Slater LONDON (Reuters) - Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve …

    A branch of Barclays bank is seen in central London

    By Steve Slater LONDON (Reuters) - Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. "The screws will stay tight on headcount," said Aymen …

  • Troika expects Greece to miss primary surplus target this year: Der Spiegel Reuters - Sat, 28 Mar, 2015 9:46 AM EDT

    The three institutions or troika representing Greece's official creditors expect Athens could miss its goal of a primary budget surplus this year, German magazine Der Spiegel reported on Saturday citing …

    People stand at the parliament to watch a military parade during Independence Day celebrations in Athens

    The three institutions or troika representing Greece's official creditors expect Athens could miss its goal of a primary budget surplus this year, German magazine Der Spiegel reported on Saturday citing a source within the group of lenders. Greece's former conservative government said last year it would achieve a primary …