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Bank Of England Proposes Switch To Polymer Banknotes

UK's data office keen on quality, considers Charlie Bean's suggestions

The UK government and Office for National Statistics (ONS) have decided to enhance data quality. Taking central bank Governor Charlie Bean's suggestions into consideration, the British government has earmarked GBP 17 million ($24 million) investment for creating new centers of excellence.

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Deutsche Boerse AG Chief Executive Officer Carsten Kengeter Interview As German Exchange Agrees Merger with London Stock Exchange Group Plc

Frankfurt and London Stock Exchange Has Reached a Merger Agreement

Two of the most prominent European stock exchange, Frankfurt and London has agreed to merge on Wednesday. The merger between them will create a new European trading powerhouse.

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BRITAIN-ECONOMY-BANK-RATE

Bank of England is Predicted to Keep Interest Rate Low in Fear of Brexit

In fear of Brexit, economists predicted British central bank will keep its interest rate low. While Bank of England Governor Mark Carney warned that Brexit will damage British financial stability.

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BELGIUM-EU-IT-DIGITAL SINGLE MARKET

EU grills Google, Apple, other US firms over tax issues

European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.

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Close-up Of A Hard Drive

Crate Technology Raised $4 Million Seed Fund to Develop Next Generation SQL

The winner of 2014 TechCrunch Disrupt Europe startup Battlefield announced its seed funding round. Crate announced the funding on Tuesday.

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The Third Day Of The Mobile World Congress

WPP To Announce £60 million Pay Package For Its CEO, Ignoring Investors’ Previous Massive Protest

Share prices of WPP have been witnessed to rise by 98% between 2011 and 2015. Acknowledging WPP CEO Sir Martin Sorrell’s efforts, the world’s largest ad firm is going to announce £60 million Pay Package for him. But the ad agency’s move may again face opposition from the shareholders following earlier precedence.

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Electricite De France (EDF) SA's Dungeness B Nuclear Power Station

EDF Demand Help from French Government in Nuclear Power Plant Project

French energy company Electricité de France SA asked for financial support from French government. The company is facing problem in a £18 billion ($25 billion) nuclear power plant project in Sommerset, England.

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BELGIUM-TRANSPORT-UBER-TAXI-STRIKE

Uber Negotiates With Moscow’s Transportation Department, Signs Collaborative Agreement

Uber allows alternative measure of getting expensive taxi driving licenses and offers low cost ride to the lower income people. But Moscow, unlike some other countries with stricter transportation laws, prohibits such service. Moscow has been persuading for long and finally gets success in compelling Uber to sign agreement which limits its service to the licensed drivers only.

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Avon Products Inc. Chief Executive Officer Sherilyn McCoy Interview

Avon plans to shift headquarters, cut jobs

New York-based Avon Products Inc is shifting its headquarters to the UK. It's also in the process of reducing headcount by about 2,500 and investing in technology and innovation to enhance sales volume.

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GERMANY-EU-ECB-EUROZONE-RATE-FOREX-CUT-BONDS

Big Commercial Banks Criticized European Central Bank's Simulus Measure

Commercial banks in northern Europe criticized ECB for its four-year cheap loan policy and stimulus program. The policy was aimed to stimulate growth for banks that struggle in southern part of Europe.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

Global stocks soar on rising investor confidence

Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.

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The 2016 British Chamber Of Commerce Annual Conference

George Osborne Opts For Further Cut In Public Spending In Lieu of Tax hiking

George Osborne has over-shoot the borrowing forecast due to weak economic outlook and poor tax receipts. In order to achieve his self imposed goal, he has been left with only two options for his 2016 budget- cut public expenses or increase taxes. However, the UK chancellor has hinted opting for reducing public expenses while addressing the BBC’s Marr Show.

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The SNP Hold Their Spring Conference

Nicola Sturgeon Acknowledges Scotland's Economy Challenges, Said The Country Remains Fundamentally Strong After £15 Billion Deficit

Scottish First Prime Minister Nicola Sturgeon said in an interview that the country’s economy remains strong even amid challenges that she acknowledges. She expects that the huge deficit would be manageable after separation.

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Indian Parliament Winter Session 2014

Diageo confirms $40-mln payment to Vijay Mallya

Diagio Plc, British liquor major, says it paid $40 million to trouble-ridden Indian businessman Vijay Mallya. This comes close on the heels of an order by Debt Recovery Tribunal (DRT) not to pay Mallya any amount.

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Citigroup Inc. Bank Branches Ahead Of Earnings Figures

Citigroup sets up new group for rich investors

Citigroup has established a new asset management group to offer varied solutions and services to richest investors across the world. The new global asset management group will function within investment banking business and it'll bring several segments together.

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