The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies.
The dollar rose to a
ECB chief Mario Draghi's 1 trillion ($1.1 trillion) euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currenc
The European Central Bank (ECB) faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy.
The EU t
"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive.
The decision by the Swiss
Cyprus Airways is ending operations with immediate effect after the European Union ruled it had received illegal state aid, the government said on Friday.
An administrator will be appointed for the airline and its operating licenc
Dubai’s only dedicated 24/7 stroke unit in Rashid Hospital has obtained an international accreditation for the establishment and functioning of a stroke unit that follows European protocols and standards.
The accreditation m
European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday.
An EU official
Facebook, the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.
France yesterday faced harsh criticism for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc's stagnating economy.
The European Union is looking into how it could tighten sanctions to stop Islamic State militants from selling oil from fields they have overrun in Syria, a European diplomat said on Wednesday.
The issue could come up at an emerge