Europe

Europe’s Grocers Feel Amazon’s Heat

PARIS–Amazon.com Inc.’s Whole Foods deal is adding urgency to European grocers’ push to shift from bricks to clicks. Carrefour SA, Europe’s largest listed grocer by sales, reported disappointing results and warned it would fall short of sales forecasts, sending shares down 13%. But Thursday’s miss is also part of a much broader scramble to cope with fast-changing consumer tastes and ...

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Libya rescues 542 Europe-bound migrants in two days

Tripoli – Libya’s coastguard has rescued almost 550 migrants this week in four separate operations west of the capital Tripoli, navy spokesperson General Ayoub Kacem said on Wednesday. Libya has been a springboard for illegal migration to Europe, especially Italy, since becoming engulfed in chaos following a 2011 revolution that toppled and killed its longtime ruler Colonel Moammar Gaddafi. Tens ...

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German foreign minister says European unity key to future

PARIS (AP) – Germany’s foreign minister said Wednesday that Europe must stand together if it wants to stay relevant as its population shrinks, the U.S. focuses more on Asia, and China’s influence expands. Sigmar Gabriel warned against retreating into survival-of-the-fittest nationalism and urged a more vigorous European role on the world stage – especially important as Britain’s pending exit from ...

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The Secret’s out: Secret Escapes to become largest central European holiday and travel deals operator with Czech takeover

Secret Escapes has become the largest holiday deals operator in central and eastern Europe after snapping up a Prague-based group as part of its “aggressive” growth strategy. The acquisition of Slevomat Group means Secret Escapes will be at break-even on a run-rate basis when the 100 per cent share purchase completes by the end of September. Although the value of ...

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European stocks tumble as risk appetite dwindles

European stocks are on track for their biggest one-day drop in two months as North Korea’s latest missile launch sapped investors’ risk appetite and a soaring euro intensified concerns about corporate profits. The Stoxx Europe 600, a benchmark for the European market, was down 1.3 per cent at 415.18 in early afternoon trading on Tuesday, with Germany’s Dax index leading ...

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RAF Typhoons fly to Estonia as Nato boosts forces in Eastern Europe in face of Russian aggression

Britain is strengthening its military­ force in Estonia to deter Russian aggression. Defence Secretary Sir Michael Fallon says two RAF Typhoons are being deployed to the Baltic state as part of Nato’s Enhanced Forward Presence mission. They will join 800 British troops sent in March amid concerns about Russia’s “assertive” foreign policy goals. Sir Michael said: “The UK is stepping ...

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Why the honeymoon is over for Emmanuel Macron

Emmanuel Macron will seek to prove France is taking the lead in Europe on Monday when he hosts a summit with Germany’s Angela Merkel and Italian and Spanish leaders. The get together between the leaders of Western Europe’s top leaders bar Britain’s comes in the wake of a furious diplomatic row between the French president and Poland, which slammed the 39-year old ...

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