Browsing: European News

European stock markets rose in light pre-holiday trading on the coattails of Wall Street gains on renewed confidence in the strength of the US economic recovery, with Frankfurt setting a new record high. London’s benchmark FTSE 100 index gained 1.09…

The European Union took a historic leap towards greater integration just hours ahead of a summit Thursday, with a deal on a banking union aimed at preventing a repeat of the eurozone’s crippling crises of the past. German Chancellor Angela Merkel, just…

Disasters including the floods that struck central Europe in June caused global economic losses of about $130 billion in 2013, reinsurer Swiss Re said on Wednesday. The insurance industry is likely to cover about $44 billion (32 billion euros) of all…