London / AFP British company bosses won pay hikes of ten percent last year, creating a growing wages gap as workers faced restraint, a study showed recently. The average pay package of a FTSE 100 chief executive rose to £5.48 million ($7.12 million, 6.46 million euros) in 2015, from £4.96 million in 2014, according to research from the High ...

  Frankfurt / AFP German industrial production rebounded in June, official data showed, but analysts warned that the expansion won’t redeem a sluggish second quarter for Europe’s biggest economy. Industrial output posted growth of 0.8 percent in June compared with the previous month, preliminary data adjusted for price, calendar and seasonal effects from the federal statistics office Destatis showed. It ...

  Brussels / AFP EU member states let Spain and Portugal off the hook on Tuesday, deciding against fines for their repeated breach of budget deficit rules meant to bolster growth and the public finances. EU Commissioner for Economic and Financial Affairs Pierre Moscovici said the decision reflected “an intelligent application” of the Stability and Growth Pact which sets the ...