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30
Aug
2015

Switzerland is the most expensive country in Europe, according to a recent price comparison – and the world, if we are just talking about Big Macs. swissinfo.ch reports from Geneva on what consumers – locals and foreigners – make of the strong franc and the sky-high prices.

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27
Aug
2015

In 2014 roughly 10.9m immigrants lived in Germany. in a total population of 80.2m. This group includes all migrants who settled down in Germany in 1950 or later. Compared with 2011, their number increased by approximately 1m (+11%) -- in a decade, Destatis, the German federal statistics office, also reports that the number of children starting school in Germany fell by 14%. Meanwhile this month Angela Merkel, German chancellor, said she expects Germany to receive a record 800,000 asylum seekers this year, more than the entire EU combined in 2014, highlighting the scale of the biggest refugee crisis to face Europe since the second world war.

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27
Aug
2015

After seven lean years, the European banking industry's recovery from the financial crisis is now in full swing. Profits are at their highest level since 2007, revenues are growing across the board (helped by favourable currency effects) and loan losses are falling. Banks are also expanding business volumes. Capital ratios are on average substantially above Basel III requirements, though uncertainty has increased recently due to a pending further regulatory tightening ("Basel IV").

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