Diesel and gasoline-powered vehicles officially are an endangered species in Germany, and possibly all of the EU. This after Germany’s Bundesrat has passed a resolution to ban the internal combustion engine starting in 2030, Germany’s Spiegel Magazin writes. Higher taxes may hasten the ICE’s departure. Source: Forbes
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The euro clearing houses that currently trade from London could only remain in the city after Brexit if the new framework is “strong enough.” But, for now, such a possibility sounds “challenging,” an executive member of the European Central Bank told CNBC in Davos. Source CNBC
Retail sales in December dropped 1.9% from the previous month, according to official figures. Sales across all main retail sectors declined, with the heaviest falls coming at non-food stores, the Office for National Statistics (ONS) said. It was the biggest monthly fall for more than four and a half years. Source BBC
The number of unemployed people registered with Greece’s Manpower Organization (OAED) came to 1,072,652 in December, showing a rise of 24,991 from the same month in 2015, when they came to 1,047,661. Source Ekhatemirini