Britain's economy will grow at its fastest rate since 2007 this year, the British Chambers of Commerce (BCC) said, but called on policymakers to ensure the performance is not a "flash in the pan".
Emmanuel Macron, an ex-banker who became a top adviser of French President Francois Hollande, was named his economy minister.
The spectre of property speculation is stalking Ireland once more, as soaring house prices in Dublin bring warnings that the country is in danger of repeating the mistakes that brought the economy to its knees during the financial crisis.
Geopolitics in the Middle East and Eastern Europe has dominated financial headlines. But investors should focus more on the U.S. recovery and the Federal Reserve 's response as market drivers.
Federal Reserve chairwoman Janet Yellen said on Friday that the US economy was improving but warned there was a “possibility that the severe recession caused persistent changes in the labour market’s functioning”.
Quantitative easing (QE) programs by central banks under the right conditions will always have a positive outcome for household demand, according to Willem Buiter, chief economist at Citi, who predicts that Japan and the euro zone will soon launch "massive" stimulus packages.
San Francisco Federal Reserve President John Williams said hiking the benchmark interest rate in the summer of 2015 is a "reasonable guess" based on the current economic progress, noting a broad improvement the labor market.
Three of the biggest bitcoin exchanges in China teamed up on Thursday to release a joint letter addressed to New York regulators, warning them that proposed rules for the digital currency will have far-reaching consequences.
The UK's annual inflation rate fell more sharply than expected in July, dimming the prospects of an interest rate rise in 2014.