ECB keeps interest rate at record low
The European Central bank has left its key interest rate unchanged at a record low of 0.25 percent. Over the past years, the ECB has been flooding Europe with money, offering cheap loans to banks in the hopes that money will trickle down to main street. We ask an expert if all this is working.
Too much wind
In winter, strong winds turn wind turbines more than usual in Germany. As a result there are often excess supplies of electricity. That is the case with winter storm Xaver. Even though the turbines have to be turned off when winds reach hurricane force, before and after the storm the turbines produce huge amounts of energy. And that weighs on wholesale electricity prices.
Chevrolet to exit Europe
General Motors has announced to remove its Chevrolet brand from Europe. That will simplify things for the automotive giant, which loses money overall on its European operations. GM says it will focus on its Opel and Vauxhall brands, which together have a six percent market share in Europe. Chevrolet's share is just one percent.