Sanctions begin to show effects
The tit-for-tat sanctions between Russia and Europe are hurting both sides. Russian Finance Minister Anton Siluanov announced Monday that Russia wants to create a multi-billion euro anti-crisis fund to compensate for losses incurred by western sanctions. Meanwhile, Brussels is considering aid packages for European farmers who suffer under Russia's ban on western produce. Especially apple growers are feeling the pinch. In Poland, this has lead to a number of unusual campaigns aimed at boosting apple sales.
Merger fever in the brewing industry
The world's leading brewer Anheuser-Busch InBev is launching a bid for the number two in the sector SABMiller. Together they could control thirty percent of the global beer market. SABMiller made its own bid for the world's number three Heineken.
French government faces confidence vote
A moment of truth is on the way for French President Francois Holland and Prime Minister Manuel Valls. Dissent from within their own Socialist party led them to put together a new cabinet. On Tuesday they face a confidence vote in the National Assembly. The left wing of the party is upset about the government's determination to go through with a set of economic reforms. Those changes to laws regulating the job market are unpopular with some segments of the public, but employers say they are long overdue.