A presentation just released by the U.S. Department of the Treasury looks back at the financial crisis, 5 years later. … Read more
Canadian mining firm Gabriel Resources told AFP Wednesday it may sue for $4 billion (3 billion euros) in damages if Romania’s parliament blocks its project for a massive gold mine in the country. “If the draft legislation is rejected then the company…
The Canadian government and Ontario province have sold off a large part of their share in General Motors, four years after joining a US bailout of the auto giant. The two placed 30 million shares, about one-fifth of their stake in GM, in a block trade…
Magdeburg was once the go-to city for tales of former communist east Germany’s woes, a bastion of joblessness, neo-Nazis and despair that belied the joyful hopes of the country’s 1990 reunification. Fast-forward to 2013 amid a campaign for September…
After a bruising shareholder battle, Dell appears set for a new path under a private equity buyout aimed at reviving the fortunes of the former number one computer maker. A shareholder vote Thursday appears set to give control of the US tech giant to…
The number of dollar billionaires in China has passed 300 for the first time, an annual ranking of wealth in the world’s second-largest economy showed Wednesday. The Hurun Report, a luxury magazine publisher, named property tycoon Wang Jianlin as China…
Britain’s biggest retailer, supermarket group Tesco, said Tuesday it had struck a deal to sell most of its loss-making US West Coast chain Fresh & Easy to investment group Yucaipa. Tesco, which in April had announced plans to offload Fresh & Easy, said…
ON SEPTEMBER 2nd Italy became the first country in the world to extend its financial-transaction tax to high-frequency share trading. The Italian government hopes the tax will stabilise markets, reduce financial speculation and raise revenue for the…
China’s bank lending picked up in August from the previous month, central bank data showed Tuesday, but analysts cautioned that credit may still moderate in the coming months. Chinese banks extended 711.3 billion yuan ($116.2 billion) in new loans last…
By Hamish McKenzie On September 10, 2013Robots are replacing workers, right? Tech creates jobs for a few, but they come at the cost of jobs for the many, right? With the rise of automation, the labor market will inevitably contract. Right? Not so right…
Larry Summers, former chief economic adviser to President Barack Obama, appears increasingly likely to be his choice to succeed Ben Bernanke as Federal Reserve chief, according to US media. Even though he has drawn criticism, notably from Obama’s own…
By: Julie Appleby and Kaiser Health News Many Americans will receive premium tax credits to help offset the costs of insurance under the health care reform law. Do you have questions about how your coverage might change under Obamacare? Share them with…
A multi-billionaire who bought US cinema chain AMC Entertainment and has just acquired a luxury British yacht builder has taken top spot as China’s richest man, according to Forbes magazine. Wang Jianlin, head of conglomerate Wanda Group — a private…
Switzerland is racing to end a bitter dispute with Washington over Swiss bank accounts held by US tax dodgers, but observers warn the new-found peace could come at a high cost. The lower house of the Swiss parliament voted Monday in favour of a law…
German Chancellor Angela Merkel stunned the world in 2011 by deciding to scrap nuclear power for renewables, but as election day approaches, a fight has broken out over how to pay for the clean energy drive. The topic has become an issue in the run-…