(EuroNews) - Japan’s prime minister has outlined his latest reforms plan. He wants to encourage foreign investment and simplify laws in an attempt to kick-start the economy. However investors remain sceptical about the government’s so-called “third arrow” of stimulus measures.

China has moved one step closer to a trade war with the European Union. After Brussels said it would impose new tariffs on Chinese solar panels, Beijing hit back with plans for an investigation into European wine imports.

The European Central Bank has kept the cost of borrowing unchanged and remains under pressure to do more to support the eurozone’s economic recovery.