Bloomberg Russia’s service industry grew for the first time in five months as a weaker ruble spurred exports, adding to signs that the recession gripping the world’s largest energy exporter is easing. The Russia Services Business Activity Index rose to 50.9 in February from 47.1 in January, according to a statement released Thursday by Markit Economics. The gauge had held ...

Bloomberg A U.K. services gauge dropped in February as concerns about global growth, market volatility and the possibility of a British exit from the European Union rattled the biggest part of the economy. The Purchasing Managers Index published by Markit Economics on Thursday fell to 52.7 — the lowest since March 2013 — from 55.6. Economists had forecast a reading ...

Bloomberg Germany is falling woefully short of its target to have one million electric vehicles on the streets by 2020 so it feels the need to do something. Enter the taxpayer: the government is considering a €5,000 ($5,419) incentive to lure would-be buyers. That money could be better spent. Electric vehicles’ share of German sales: 0.4% The industry has a ...