German economy grows by 0.7 per cent in second quarter

BERLIN: The German economy, Europe's biggest, gained steam following a weak start into the year, growing by 0.7 per cent in the April-June quarter compared with the previous three-month period, the country's Federal Statistics Office said on Wednesday.

UK inflation rate falls to 2.8% in July

The rate of consumer prices index (CPI) inflation fell to 2.8% in July, down from 2.9% in June, according to the Office for National Statistics (ONS).

Euro zone could well be out of red but full recovery may take longer

The euro-area economy probably edged back to growth last quarter for the first time since 2011, ending the longest recession since the single currency union started 14 years ago.

Victims of Greek bail-out get chance of class action

Aggrieved investors who lost tens of billions of euros in Greece’s bail-out are being given the chance to bring class actions in America and Europe after a landmark deal between two US law firms.

High yield investors turn to Europe as US returns go south

LONDON: High yield investors once viewed Europe as a distraction from the developed US market, but are now scrambling to increase their exposure to the region in light of recent outperformance coupled with a less generous approach to equity investors.