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Europe

U.K. consumers suffer long spending-power decline

British consumers have suffered the longest decline in their spending power since the 1970s, raising questions about whether the Bank of England really is likely to raise interest rates any time soon. Official data published Friday confirmed that the world’s fifth-biggest economy went into a...

Germany gears up to defend against possible G20 cyber attacks

Germany is girding itself for possible cyber attacks on next week's G20 summit in Hamburg, by hacker groups or cells linked to foreign governments, its top cyber official told Reuters. Arne Schoenbohm, president of Germany's Federal Office for Information Security (BSI), said authorities had...

Germany imposes heavy fines for online hate speech

Germany's parliament voted Friday to punish social media giants with fines of up to 50 million euros ($57 million) if they systematically fail to remove illegal hate speech.  Berlin took the measure, one of the toughest in the world, after a surge in racist and incendiary speech online,...