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Bloomberg financial markets data service hit by outage
Bloomberg financial markets data service hit by outage
Economy
by  AFP

Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting an auction of UK government debt. The service started working again but slower at around 1000 GMT. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues".

EU plans to slash red tape for medium-sized companies
EU plans to slash red tape for medium-sized companies
Economy
by  AFP

The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States. The EU also wants to establish common labelling so companies can sell the same product in EU states without the need for different labels.