Banks Seen Fueling U.K. Property Risk With Loose Loan Safeguards

Banks are relaxing safeguards as they boost lending to commercial-property developers in the U.K., fueling concern they’re sowing the seeds of another real estate collapse.

Europe car sales shows broad-based rise in demand - ACEA

New car registrations in Europe rose 6.9 percent in April, industry data showed, on growth in large markets like Italy, France, Germany and Great Britain, and as demand for mass market brands like VW outpaced sales of premium vehicles.

European Stocks Decline With BHP Billiton, Energy Producers Down

European stocks fell for a fourth time in five days.The Stoxx Europe 600 Index dropped 0.2 percent to 395.7 at 8:10 a.m. in London as energy producers fell 0.4 percent as a group.

German econmin says Greece can only get more aid if it reforms

BERLIN: German Economy Minister Sigmar Gabriel warned the Greek government that Greece could only get further funds if it carried out reforms in a German newspaper interview published on Sunday.

UK banks told to rewrite employment contracts of staff on top-up payments

The UK’s banks have been told by the Bank of England that they need to rewrite the employment contracts of hundreds of staff receiving top-up payments alongside their salaries because of the European Union’s bonus cap.