European banks are working on a new payment system to challenge the dominance of Visa, Mastercard and technology companies such as Google and PayPal, sources have told AFP
Philip Hammond's decision to resign as Britain's finance minister should Boris Johnson become PM thrusts him into the frontlines of an internal revolt against the likely incoming leader
The finance ministers in the Eurozone have agreed on introducing a budget tool for the 19-member states during a lot of negotiations and discussions. However, a lot of issues remain unclear.
EU finance ministers have agreed on the broad outlines of a eurozone budget, a key reform pushed by Paris that was scaled back amid deep resistance from the Netherlands
Inflation in the eurozone leaped to the ECB's target in May, data shows, fuelled by a huge increase in oil prices as the US decided to pull out of a nuclear deal with Iran.