The Turkish lira has lost more than 30% of its value against the US dollar since the beginning of this year. After the political escalation of tensions between the US and Turkey and the increase in tariffs on some Turkish imports last week, the lira was temporarily in free fall.
56 coders from 15 countries in 12 teams took up the challenge: an innovative blockchain event set up for the first time at the EIB’s headquarters in Luxembourg. The 48-hour challenge: to use blockchain technologies to redesign the transaction processing of commercial paper.
Since Donald Trump took office as US president, a new cottage industry in rational theories of his seemingly irrational behavior has developed. On one issue, however, no amount of theorizing has made sense of Trump: his treatment of America's oldest and most reliable ally.
As the European economy recovers from the global financial crisis, bank mergers are back on the agenda. While cross-border mergers have been predicted before, most European bank mergers have been domestic until now. What are the odds of cross-border mergers in the upcoming bank-consolidation wave?
As Greece prepares to emerge from one of the region’s most wrenching economic periods, its creditors are drawing up plans to ensure it is never a problem for the rest of Europe again.
The leaders of Germany and France agreed to create a Eurozone budget they hope will boost investment and provide a safety mechanism for the 19 nations using the euro currency, and also to seek a European solution to migration issues.
Eurozone finance ministers (Eurogroup) reached an agreement in principle to widen the mission of the European Stability Mechanism (ESM) to assist banks as well as member states.
The European Commission will propose measures that could reduce EU small states’ veto powers, a move meant to overcome resistance to tax reforms as the bloc aims to increase levies on digital multinationals.
French President Emmanuel Macron has called for the EU to co-operate more closely on defence, immigration, tax and social policy, and for the single currency bloc to have its own budget.
The pioneering social media site is increasingly being looked at skeptically by college-aged Americans, according to new polling data.
There is a renewed debate in Brussels on fixing flaws in Europe’s shared currency to prevent future crises.
European Commission has called for fresh impetus behind its stalled plans for EU-wide regulation of drones, after a string of near-misses with airplanes across Europe last year.
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