One in every eight Irish jobs is in agriculture and food processing, or agrifood. Proportionally, that makes the industry as important to Ireland as the car industry is to Germany. In the U.K. province of Northern Ireland, where 1.8 million people live, the agrifood industry accounts for about 70,000 local jobs. Because of its strong […]

The 19 finance ministers of the euro zone are due to vote on their new chief at a meeting Monday – a key moment to understand what direction the monetary union might take in the near future. The vote is important, not only because the new president of the Eurogroup will be faced with key […]

Russia’s foreign minister has accused the U.S. of not being straightforward about its intentions towards North Korea. Foreign Minister Sergey Lavrov said Thursday that the U.S. could have deliberately provoked North Korea to take tough actions, according to Russian state news agency TASS. “Washington’s recent steps seem to be deliberately aimed at provoking Pyongyang to […]

OPEC and Russia appeared set to extend oil supply cuts until the end of 2018 on Thursday, but concerns the market may soon overheat prompted speculation any agreed deal could also have a caveat. The 14-member group OPEC, Russia and nine other producers are currently cutting production by around 1.8 million barrels per day until […]

The leader of prominent Irish political party Fianna Fail is optimistic that upcoming Brexit talks will produce some sort of proposal for Ireland regarding its northern border. This marks a starkly different attitude from many other European Union member states and certainly many other Irish politicians. “I think something will come through. I mean, my […]

Credit Suisse on Thursday announced ambitions to pare costs beyond 2018, as Chief Executive Tidjane Thiam builds on a revamp of the Swiss lender the bank says will be completed that year.In a statement ahead of its investor day, Credit Suisse said it is aiming for a return on tangible equity of 10-11 percent in […]

European bourses are seen opening mixed on Thursday morning after U.S. tech giants slipped overnight, while oil markets were cautious ahead of an OPEC meeting later in the session. The FTSE 100 is set to open 26 points lower at 7,366; while the DAX is expected to start up by 4 points at 13,054 and […]

The China-backed Asian Infrastructure Investment Bank (AIIB) is eyeing a Europe listing for its debut global bond. Issued in U.S. dollars, the inaugural bond listing will “more likely be in Europe,” AIIB Vice President Thierry de Longuemar told Reuters on Wednesday. “It will done under English law.” The AIIB, which has 80 member countries, was […]

In a rare rebuke to the United States, British Prime Minister Theresa May’s office on Wednesday condemned President Donald Trump‘s decision to retweet three anti-Muslim videos from a leader of an anti-immigrant political group in the U.K. The far-right fringe group Britain First is an ultra-nationalist party that opposes what it calls the “Islamization” of […]

Investors flocking into bitcoin are taking a risk by buying at such high prices, the vice president of the European Central Bank (ECB) Vitor Constancio told CNBC Wednesday. “It’s a very particular asset, it’s a speculative asset by definition looking to the developments in its price. Investors are taking that risk of buying at such […]