Milk prices are set to rise in Europe as the continent faces a shortage of milk, cream and butter by Christmas, the head of one of the world’s biggest dairy companies said on Friday. Global milk prices, which are up about 28 percent from 12 months ago after producers cut output, have stabilised in recent […]

Britain said on Friday it had received the additional advice it had requested on Rupert Murdoch’s bid to buy broadcaster Sky, and it would decide whether to refer the deal for an in-depth review as soon as possible. Regulator Ofcom was asked to look again at the deal earlier this month after opponents lobbied Minister […]

Investment in old, rare and exclusive bottles of whisky is booming, according to analysts. In the U.K. alone, the value of collectable bottles of Scotch sold at auction broke a record high of £11.18 million ($14.34 million) in the first half of 2017 – a rise of 94 percent from the first half of 2016 […]

French President Emmanuel Macron on Friday said Poland was isolating itself in Europe and Polish citizens “deserve better” than their government’s refusal to seek compromise on European rules on the employment of labour from low-pay nations. Macron said Warsaw, where a nationalist, eurosceptic government has been in power since 2015, was moving in the opposite […]

Frankfurt could become a miniature version of London after Brexit, a city official has predicted, after a study said tens of thousands of jobs would be created, bolstering Germany’s banking capital. The research, commissioned by the city’s chief promoter, is the first comprehensive tally on possible job creation in Frankfurt, as London, its dominant British […]

German business confidence deteriorated slightly in August after hitting three record highs in a row, a survey showed on Friday, suggesting that a consumption-led upswing in Europe’s largest economy could have reached a plateau. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, edged down […]

With the euro on the rise against major world currencies, investors may be concerned about how this will weigh on European profits and some analysts suggest the stronger euro could knock up to 3 percent off earnings. “If currencies stay stable, we think (the trade-weighted euro) will peak out up around 6 percent year-on-year in […]

As central bankers gather at the annual Jackson Hole symposium on Friday, analysts think the death of a major economic concept could dominate discussions. Known as Phillips curve, an economic concept developed by New Zealand economist William Phillips, it shows that inflation and unemployment have a stable and inverse relationship. However, in the recent months […]

British household spending grew at its weakest pace since late 2014 in the three months to June as the effect of a weaker pound since last year’s Brexit vote weighed on Britons’ spending power, official statistics showed on Thursday. Year-on-year spending growth dropped to 2.0 percent from 2.6 percent after expanding just 0.1 percent in […]

The Indian government has suffered a huge setback after a landmark Supreme Court ruling found that citizens have a fundamental right to privacy, posing a risk for Prime Minister Narendra Modi’s biometric payment scheme. The highest court in the country voted unanimously Thursday that privacy is an “intrinsic” part of Article 21 of the Indian […]