Scottish economy to see 2-11 billion pounds Brexit hit, government says
Leaving the European Union will sap Scotland's economy by between 1.7 and 11.2 billion pounds ($14.76 billion) by 2030, depending on which new trade relationship Britain chooses, the Scottish government said on Tuesday.
EU requests WTO panel over spirits dispute with Colombia
The European Union has requested the establishment of a World Trade Organization (WTO) panel to rule on a dispute with Colombia over what Brussels says are discriminatory measures against spirits made by European drinks companies.
WTO backs EU in row over Russian import ban on pigs, pork
A World Trade Organization (WTO) panel on Friday backed the European Union (EU) in a two-year dispute over Russia's ban on pig and pork imports from the bloc.
Norway's PM softens stance on Britain joining EFTA
Norwegian Prime Minister Erna Solberg said she saw some advantages if Britain joined the four-nation European Free Trade Association (EFTA) after quitting the EU, qualifying past doubts about British membership.
Oil at five-week high as OPEC sources, Russia, talk of cooperation
Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia's apparent desire for higher crude prices while Russia met the producer group to discuss the market.
OPEC deal a tough task, as oil output freeze expectations rise
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal.
Modest euro zone economic growth masks diverging performance around bloc
Euro zone economic growth halved in the second quarter to a modest pace, as a mild slowdown in Germany was overshadowed by a surprise stagnation in Italy, offering scant hope of a decisive rebound for the currency bloc as a whole any time soon.
Euro zone business growth picks up slightly but still muted
Euro zone business activity expanded a touch faster than expected last month as the region appeared, so far, to have largely shrugged off Britain's vote to leave the European Union, a survey found.
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