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spain-governor-crypto-risk-052518.jpg The head of Spain's central bank has said that he believes cryptocurrencies currently present "more risks than benefits." At the same time, he is appreciative of the blockchain technology, which, according to him, has the potential to improve efficiency and reduce costs. Banco de Espana (Bank of Spain) Governor Luis Maria Linde shared his views on cryptocurrency and blockchain while addressing a

uk-gdp-52518.jpg The UK economy expanded at the weakest pace in five years in the first quarter, on weak consumer spending and business investment, the second estimate from the Office for National Statistics showed Friday. Gross domestic product grew 0.1 percent sequentially in the first quarter, slower than the 0.4 percent expansion registered in the fourth quarter. The rate came in line with the estimate.

germany-business-confidence-052518.jpg Germany's business confidence remained stable in May after falling for five straight months, survey data from the Munich-based Ifo Institute showed Friday. The business climate index came in at 102.2 in May, unchanged from April. This was the lowest reading since last May. The score was forecast to drop to 102 from April's originally estimated reading of 102.1.

Turkey's capacity utilization rebounded in May, while business confidence weakened for the second straight month, figures from the central bank showed Friday. The capacity utilization rate rose to 77.9 percent in May from 77.3 percent in April. On a seasonally adjusted basis, the capacity utilization...

Poland's unemployment rate decreased for the third straight month in April, in line with expectations, data from the Central Statistical Office showed Friday. The jobless rate dropped to 6.3 percent in April from 6.6 percent in the previous month. In the corresponding month last year, the unemployment...

UK mortgage approvals increased in April after falling in March, data from UK Finance showed Friday. The number of loans approved for house purchases increased to 38,049 in April from 37,606 in March. Eric Leenders, Managing Director, Personal Finance at UK Finance said, "April saw steady growth...

The UK economy expanded at a weaker pace, as estimated, in the first quarter, second estimate from the Office for National Statistics showed Friday. Gross domestic product grew 0.1 percent sequentially in the first quarter, slower than the 0.4 percent expansion registered in the fourth quarter. The...

Germany's business confidence remained stable in May, reports said citing survey data from Ifo Institute on Friday. The business climate index came in at 102.2 in May, unchanged from April. The score was seen at 102. The current conditions index rose to 106.0, which was well above the expected...

Spain producer prices increased at a faster pace in April on energy cost, the statistical office INE reported Friday. Producer prices grew 1.9 percent year-on-year in April, faster than the 1.3 percent increase in March. Excluding energy, inflation eased slightly to 1.1 percent from 1.2 percent a...

Austria's production index expanded in March from a year ago, data from Statistics Austria showed Friday. The production index that combines output of both industry and construction, advanced 3.9 percent year-over-year in March. Industrial output grew 4.5 percent over the year and construction...

Norway's unemployment rate decreased slightly as expected in March, survey figures from Statistics Norway showed Friday. The seasonally adjusted jobless rate dropped to 3.9 percent in March from 4.0 percent in December. Unemployment declined by 3,000 from December to 108,300 in March, which was...

european-economics-preview-052518.jpg Business sentiment from Germany and quarterly national accounts from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is set to issue unemployment data for March. The jobless rate is forecast to remain unchanged at 3.9 percent in March.

Belgium's business confidence weakened in May mainly due to the significant deterioration in the services sector, a survey by the National Bank of Belgium showed Thursday. The business confidence indicator dropped to 0.2 from 1.0 in April. Sentiment was unchanged in the manufacturing industry,...

Policymakers agreed that the underlying growth momentum in the euro area remained intact, though the uncertainty regarding the outlook has increased, the minutes of the European Central Bank's April 25-26 rate-setting session showed Thursday. "It was widely felt that uncertainty surrounding the outlook...

bitcoin-halal2-052418.jpg A mosque in East London has reportedly declared that Bitcoin is acceptable in the eyes of Allah, if it is "transacted in a lawful manner." Religious advisers at the Masjid Ramadan in Dalston, east London, have made it clear that Muslims can make Ramadan donations using Bitcoin, media reports say. The mosque issued the Fatwa at the beginning of the holy month of Ramadan, during which Muslims are

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