European News

Will Hungary's clampdown on migrants work?

Image caption The Hungarian army is now guarding the southern border alongside police Hungary has sealed the last gaps in its new border fence to migrants, and the authorities will decide later on whether to…



Brazil R$65bn budget eyes cuts and taxes

©AFP Brazilian finance minister Joaquim Levy SA/AFP/Getty Images Brazil announced an emergency R$65bn package of budget cuts and tax increases aimed at warding off further credit rating downgrades after Standard & Poor’s slashed Latin America’s…


EY posts fastest global growth since 2008

©Bloomberg The Ernst & Young building in New York’s Times Square Professional services firm EY’s global revenues grew last year at the fastest rate since 2008, driven by growth across all of its four service…


New blow for Yahoo’s Alibaba spin-off bid

©Bloomberg Yahoo’s plan to spin off its $24bn stake in Alibaba suffered another significant setback on Monday, after the US taxman said it had serious concerns with deals similar to the one proposed by the…


VW unveils battery-powered Porsche

More On this topic IN Automobiles The world’s biggest carmakers have made a fresh show of commitment to electric vehicles, with Volkswagen unveiling a battery-powered Porsche capable of travelling 500km on a single charge and…


Credit Suisse nears deal over dark pool

©Bloomberg Credit Suisse is expected to pay at least $80m to settle allegations that it misled clients about its dark pool, people familiar with the matter said on Monday. The expected settlement comes amid scrutiny…


Russia plans Syria air base, says US

Image copyright Stratfor Image caption This satellite image – taken on 4 September 2015 – allegedly shows construction at Latakia’s airport Russia’s recent movements near Syria’s city of Latakia suggest that Moscow plans to establish…


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EU discord over migrant sharing plan

You need JavaScript active on your browser in order to see this video. More On this story On this topic IN Europe EU efforts to agree a binding plan to share out 120,000 refugees fell…


Unity eludes EU on migrant relocation

Image copyright AFP Image caption Austrian police said up to 7,000 people arrived from Hungary on Monday EU interior ministers meeting in Brussels have agreed in principle to relocate 120,000 asylum seekers around the 28-nation…