A falling oil price is good for the world economy

Fears that cheaper crude creates yet more deflation are misplaced

EU leaders hold firm on Russia sanctions

Summit communiqué signals steady pressure over aggression in Ukraine

Swiss central bank uses negative rates

Action comes after upward pressure on franc

ECB to publish account of meetings

Central bank will not reveal how individual members voted

A modest Christmas gift for the British economy

It has taken a long time but workers are sharing in the recovery

EU resists Ukraine’s plea to find funding

Assistance sought from governments to avoid a possible default

Oil price fall will benefit Europe

Travel and leisure groups, tyremakers and clothing retailers will reap rewards, writes Sarah Gordon

Germany faces inheritance tax shake-up

Court rules sweeping exemptions for businesses must be changed

Will cheap oil stop Fed’s wheels turning?

Volatility is not reassuring for financial stability

An Airbus takes to the skies at gatwick airport.
©Roger Bamber

Companies cautious about oil price falls

Hopes remain that lower crude costs will boost western economies

Weidmann steps up criticism of QE

Comments highlight scale of German opposition to asset purchases

European innovation continues to fall

Region’s share of global patent filings hits lowest level ever

Eurozone malaise dents car industry

New vehicle purchases hit lowest levels in a year

Eurozone activity rebounds slightly

Closely watched purchasing managers’ index hits two-month high

Moscow lifts key interest rate to 17%

Action after rouble tumbles on fears for oil and economy

The Big Read: Oil’s winners and losers

Inflation and strong dollar could curb global economic impact

Jobless Spaniards to receive new benefits

Mariano Rajoy announces measures to combat long-term unemployment

Hungary to restrict Sunday trading

Move bucks broader trend in Europe to liberalise retail sector

Divisions weaken the ECB’s hand on QE

Split risks undermining size and scope of what central bank buys

Topsy-turvy EU world of power politics

The higher up the food chain, the smaller the sums talked about

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