Greece adopts more austerity measures in bailout bid

Greece's parliament has approved a new package of austerity measures needed to release the next instalment of its multi-billion-dollar bailout.The tax rises and further cuts to pensions were sought by Greece's foreign creditors.As MPs voted, anti-austerity protesters clashed with police in ... — Read More

Eurozone growth nears six-year high, survey data suggests

Eurozone businesses grew at the fastest rate in nearly six years in March, led higher by France and Germany, a closely-watched survey has indicated.The latest Markit Composite Purchasing Managers' Index (PMI) rose to 56.7 from February's 56.0. A reading above 50 ... — Read More

Toyota to invest £240m in UK plant at Burnaston

Toyota is to invest £240m in upgrading its UK factory that makes the Auris and Avensis models.The Japanese carmaker's investment in the Burnaston plant near Derby will allow production of vehicles using its new global manufacturing system.The factory employs about 2,500 ... — Read More

Deutsche Bank to raise billions with rights issue

Deutsche Bank plans to raise about 8bn euros (£6.9bn, $8.5bn) by issuing new shares.The share sale by the troubled German bank is part of a wider shake-up.The bank will partially float its asset management business and retain Postbank - the retail ... — Read More

Jobless rate remains at 11-year low

UK unemployment fell by 7,000 to 1.6 million in the three months to December, official figures show.It meant the jobless rate held steady at an 11-year low of 4.8%, the Office for National Statistics said.The employment rate edged higher to 74.6% ... — Read More

Danish drugs giant makes big UK investment

Denmark's Novo Nordisk is to invest £115m over 10 years in a new science research centre in Oxford.Eventually employing 100 academics and scientists, the facility will work on new ways of treating type 2 diabetes.The decision to invest in the UK ... — Read More

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