Aldi Profit Booms in the UK & Ireland
Discount supermarket Aldi has had a record year in the U.K. and Ireland, seeing a 65 percent profit jump in the region as the “no frills” retailer makes the most of the “era of value”.
Munich Aims for a 100% Clean Electricity Supply by 2025
In Munich, authorities are targeting a 100 percent clean electricity supply by 2025, which would make the city a world leader in sustainability.
London Overtakes Hong Kong as Priciest Place to Live
London has trumped Hong Kong as the world’s most expensive city, according to a report from international estate agent Savills.
United Internet to Buy Versatel from KKR
United Internet AG (UTDI) agreed to buy full control of network operator Versatel GmbH to challenge rivals such as Deutsche Telekom AG.
Consumer Electronics Show Set to Showcase Latest Technology
Smart devices, a Samsung product launch and the latest smartphones are expected to dominate at the IFA consumer electronics show in Berlin.
Electrolux Buys GE Appliance Business in Biggest Ever Deal
Sweden's Electrolux said on Monday it would double U.S. sales by paying $3.3 billion in cash for General Electric's appliances business.
Uncertain Outlook for Future Role of LNG in Europe
Demand for natural gas in Europe has fallen dramatically, which has led to a severe drop in imports of LNG.
Bitcoin could Transform Stock Market, say Bank of England
The technology behind digital currency bitcoin could have far-reaching implications and the potential to reshape the financial industry.
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.
