Europe

Brexit process will start in early 2017, Boris Johnson says

Boris Johnson, the current British foreign minister, said that since early 2017, it will start the divorce process by the European Union and then Britain will most likely invoke Article 50. In this way the former mayor of London spoke in New York where United Nations Security Council held meeting on Syria perpetuating stalemate.

He told the BBC: "The government is working towards an Article 50 letter which as you know will be produced, probably, in the early part of next year.

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Gambling online: Spain’s booming market

Spain moved virtually to Las Vegas, becoming the reference country in the European gambling. The second quarter 2016 data recorded a real boom. In the period April-June the Spanish played online games € 2.73 billion, representing an increase of 2.6% compared to the first quarter of the year and even an increase of 32.8% over the same reference period of 2015. Net sales amounted to 98.8 million euro, up 56.3% on the period April to June 2015. Active player numbers rose by 31.8 percent.

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Italian tax system: first step to rename Agency Revenue

Reform of the tax system in Italy: Equitalia, the agency that collects taxes, will be abolished by the end of year and will be replaced by Equientrate, in essence nothing will change, or better it will be seemingly a renaming. This will be an internal department of the Agency Revenue that will redeem not only the Agency but also claims of other public administrations.

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Juncker warns Italy about Stability Pact

The President of European Commission, Jean Claude Juncker, sends a strong and clear message to the Italian government: enough with the flexibility required because "in the Stability Pact, which must be an agreement of flexibility, have already introduced several elements of flexibility fighting against who you know "and without which elements"this year Italy could have spent 19 billion less".

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Germany’s 10-year-bund yields fell after FED decision

he German bunds rallied Thursday after the United States Federal Reserve left interest rates unchanged and downgraded the economic outlook, encouraging investors to seek safe-haven assets.

At its two-day meeting, ended on Wednesday, the U.S. central bank held its target range on short-term rates unchanged at 0.25 percent to 0.50 percent, leaving the door open for a possible rate increase in December.

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ECB expects Eurozone economic recovery to be gradually

The ECB ensures, in the monthly bulletin, that "Domestic demand remains supported by the pass-through of the monetary policy measures to the real economy". Although it provides for economic growth for next year, it will take place at a gradual pace. "Moderate global growth continued in the first half of 2016. Looking ahead, global growth is expected to recover gradually. Low interest rates, improving labour markets and growing confidence support the outlook for advanced economies, although the uncertainty generated by the referendum in the United Kingdom on EU membership will weigh on demand in that country.

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VW investors sue car giant for €8.2 bn over Dieselgate

Volkswagen will face claims for 8.2 billion euro over Dieselgate. About 1,400 lawsuits have been lodged at the regional court in Braunschweig near VW’s Wolfsburg headquarters, the court said.

The facts date back to last year, when from United States emerged that the Wolfsburg automaker used a software to make up the data on harmful emissions of its cars. Overall about two billion requests come from institutional investors, while the remaining 6.2 billion come from private investors.

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