Monte dei Paschi reports 3.1 billion euro loss as state steps in
MILAN Monte dei Paschi di Siena reported a 3.1 billion euro ($3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's fourth biggest bank is selling as part of its bailout by the state.
Elusive Brexit clarity meets sober economic reality
DUBLIN Last time British Prime Minister Theresa May returned from a walking holiday, she called what turned out to be -- for her -- a disastrous election.
Bank of England's Saunders says may need to be 'more activist': paper
LONDON Britain's economy is likely to hold up despite uncertainty about Brexit and the Bank of England might need to get "a bit more activist" by raising interest rates, one of the two BoE policymakers who voted last week for a rate hike said.
Brexit opponent says two senior UK ministers sympathetic to his plans
LONDON An influential former British government adviser who has called for a new political movement to block Brexit said on Friday that two senior members of Prime Minister Theresa May's government were sympathetic to his plans.
Approaching a cliff edge? British business begs for clarity after Brexit maelstrom
LONDON After the maelstrom of Prime Minister Theresa May's election crisis and a struggle in government over the shape of Brexit, business chiefs have a simple request for Britain: Give clarity on how the EU divorce might look.
UK exports disappoint as economy limps to end of weak first half
LONDON Britain's economy put in a weak performance in June when declines in car manufacturing, construction and exports gave an uninspiring end to the weakest first half of any year since 2012. | Video
EU imposes import duties on some Chinese steel to counter subsidies
BRUSSELS The European Union has imposed provisional import duties of as much as 28.5 percent on certain Chinese corrosion-resistant steels after an eight-month investigation found that the products benefited from unfair subsidies.
ECB slightly more likely to announce QE change in September vs. October: Reuters poll
BENGALURU The European Central Bank is slightly more likely to announce a change to its asset purchases program in September than October, a Reuters poll found.
Britain to dodge recession but pay to keep getting squeezed: Reuters poll
LONDON Britain will avoid recession in the coming year but economic growth is expected to lag the euro zone, a Reuters poll showed on Thursday.
UK says EU offers restricted post-Brexit residency rights to Britons
LONDON The European Union has proposed that Britons living in the bloc after Brexit will only have the right to stay in the country where they are resident when Britain leaves, Brexit minister David Davis said in a letter on Wednesday.
Germany believes European Commission will propose electric car quotas
BERLIN Germany believes the European Commission will propose quotas for electric cars in its next review of measures to cut emissions, a spokesman for the German environment ministry said on Friday.
France says contaminated eggs were sold but health risk minimal
PARIS Nearly 250,000 eggs contaminated with an insecticide have reached shops in France and most of them have already been eaten, the French farm ministry said on Friday, adding that it saw minimal health risks from the incident.
MSF suspends Mediterranean rescues as migrant dispute mounts
ROME Doctors Without Borders (MSF) said on Saturday it was suspending its migrant rescues in the Mediterranean because it felt threatened by the Libyan coastguard and the Italian government's policies have made its job harder.