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Merkel's Bavarian ally opposes Macron's euro zone reform plans: Der Spiegel

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BERLIN A senior member of German Chancellor Angela Merkel's Bavarian allies rejected French President Emmanuel Macron's plans to reform the euro zone by installing a joint finance minister and creating a common budget, in an interview published on Saturday.

EU antitrust regulators say probing possible German car cartel

BRUSSELS EU antitrust regulators are investigating allegations of a cartel among a group of German carmakers, the European Commission said on Saturday, a measure that could result in hefty fines for the companies.

8:56am EDT

Britain's May to stay as PM until at least 2020, close ally predicts

LONDON British transport minister Chris Grayling, one of Prime Minister Theresa May's closest cabinet colleagues, has predicted she will remain in the job until at least 2020 and could even fight another national election.

6:12am EDT

Sterling to fall 15 percent on slowing UK growth, BoE inaction: Voya

NEW YORK Sterling is set to plummet by double-digits by the end of the year on slowing UK economic growth and the likelihood the Bank of England will hold off raising interest rates, said Guy Petcho of Voya Investment Management.

Jul 21 2017

Commentary: Don’t write off post-Brexit London just yet

The City of London, with New York one of the two greatest financial centers of the world, is under a greater threat to its primacy than at any time in its 20th and 21st-century history. How it manages that threat will be central not just to the British economy, but also to the island’s constitutional and social well being.

Jul 21 2017

UK's Hammond told Goldman Sachs he wants long Brexit transition: source

LONDON British finance minister Philip Hammond told the board of U.S. investment bank Goldman Sachs that he was pushing for a lengthy transition period after Britain leaves the European Union, a source familiar with the talks said.

Jul 21 2017

Euro zone bond yields fall as strong euro casts doubt on taper timing

LONDON Euro zone bond yields fell across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus.

Jul 21 2017

Poland ejects protesters from ancient forest despite EU calls to halt logging operation

WARSAW Security guards in Poland's Bialowieza Forest have forcibly ejected protesters who sought to stop the felling of trees in one of Europe's last primeval woods, a project that has drawn the threat of a European Union lawsuit.

Jul 21 2017

Brexit transition should include access to EU workers, says senior minister

LONDON British firms should have access to European Union workers during a post-Brexit transitional period, a senior minister said on Friday following reports of a cabinet agreement that the EU's free movement rules could continue to apply for up to two years.

Jul 21 2017

French banks pledge 1,000 post-Brexit jobs in Paris

PARIS French bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once Britain leaves the European Union, following a meeting with France's finance minister, Bruno Le Maire.

Jul 21 2017
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'You belong here' Germany tells Turks as row with Ankara rages

BERLIN Germany sought on Saturday to reassure the country's three million people of Turkish descent it would stand by them as a row with Ankara escalates, saying they were not the target of changes to government policy on Turkey.

Wounded National Front seeks way back after French poll failures

PARIS Top officials from France's far-right National Front gather on Friday to find a way back from successive election failures, and senior members said everything from the party's name to its vow to restore the franc currency were up for review. | Video

Rome risks water rationing as drought-hit lake set to go offline

ROME Authorities have ordered a halt to pumping water out of a lake near Rome following a prolonged drought, a decision that could force city officials to impose water rationing in the Italian capital.

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