Tag: Tion

European Central Bank keeps interest rate at 075

ecb interest rate|european central bank|world economy|world markets by News Staff Posted Oct 4, 2012 8:08 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FRANKFURT, Germany – The European Central Bank has left its key interest rate unchanged at a record low of 0.75 per cent. The bank’s governing council made the decision Thursday at a meeting in Ljubljana, Slovenia. While a rate cut would have provided some stimulus to the struggling 17-country eurozone economy, bank officials have questioned how much effect a further drop would have had. At its last policy meeting on September 6, the ECB said it would buy unlimited amounts of government bonds to help lower borrowing costs for countries such as Spain And Italy struggling to manage their debts. At his news conference, ECB head Mario Draghi was expected to underline that Spain needs to agree to strict conditions before it can get that help. European Central Bank keeps interest rate at 0.75% read more

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Flying this week Two days of air traffic control strikes are due

first_imgIF YOU’RE TRAVELLING by air tomorrow or Thursday, you might find some changes due to an air traffic control strike taking place in a number of European countries.There will be a day of strike action by European Air Traffic Control services tomorrow, with the times differing depending on country. The strike is against EU plans for the deregulation of European airspace.Irish air traffic controllers will not be striking.The French Civil Aviation Authority (DGAC) has said that employees of the Air Traffic Control services are to take industrial strike action,  beginning late in the evening tomorrow and finishing in the early hours of Friday.British airline Easyjet has said that it and other airlines operating to and from Paris airports have been asked to reduce their flying programmes by 20 per cent.Due to this, some airlines have changed the times of their flights going in and out of some countries.British Airways said: Although we intend to operate as many flights as possible we have been forced to make some cancellations and have re-timed a number of flights to avoid the strike period.Read: Pilots say there are “significant issues” within aviation industry>last_img read more

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