Phones 4u Heads into Administration after EE Contract Loss
UK mobile phone retailer Phones 4u is seeking the appointment of administrators after its EE did not renew its network agreement.
EU Car Sales Continue to Rise
EU car sales rose a 12th consecutive month due to price cuts by automakers and a rise in demand for compact models.
British Unemployment Rate Falls
British unemployment rate falls to 6.2 per cent in the quarter to the end of July, hitting another five-year low point.
Ryanair Launches Business-Class
Europe’s largest budget airline, Ryanair, has launched a flexible business-class ticket in its latest U-turn from a no-frills tradition.
Amazon Buys Twitch for $970 Million Cash
Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash,
London Named Most Attractive City for FDI Deals
London has been named the world’s most influential city as it attracts more than double the amount of foreign direct investment (FDI) deals than New York, a new study shows.
Are Europe’s Nuclear Power Plants too old?
Nuclear power provides about a third of the European Union’s electricity generation, but the 28-nation bloc’s 131 reactors are well past their prime, with an average age of 30 years.
SPAR to Acquire 80% Stake in BWG Group, Europe
SPAR Group planned to acquire an 80 percent stake in the BWG Group in Europe, a move that would position it for future expansion, the grocery retailer and wholesale distribution group said yesterday.
Apollo Tyres to Expand into Eastern Europe
Apollo Tyres plans to invest Euros 500 million to construct a green field facility in Eastern Europe as part of its overseas expansion plans.
Walgreens to Buy Remaining Stake in Alliance Boots
U.S. giant Walgreens is expected to announce a close to £6 billion ($10.1 billion) deal to buy the remaining stake in U.K. drugstore chain Alliance Boots on Wednesday morning.
BMW Beats Profit Forecasts, See Record Sales
Sales by the core BMW brand rose 8.3 percent to 458,000 vehicles, a record high, as new models such as the 4-series coupe and 2-series compact helped the group to tap stronger demand in China and Europe.
Munich’s Technical University Switches Masters to English Language
Munich’s Technical University (TU), one of Germany’s top universities wants to ditch German and switch almost all of its master’s programmes to English in the next six years.
