Greece is not out of the woods yet and the fragile balance created as the coalition government tries to implement reforms to tackle the economic crisis could easily be overturned, experts say. “When we are dealing with such a crisis, which is the most…
Thousands of striking Greek public sector workers took to the streets Wednesday, closing hospitals, schools and transport links, bringing many parts of the country to a standstill. In the latest round of strikes, civil servants marched through the capital…
Global package delivery giant FedEx Wednesday reported a 7 percent rise in first-quarter earnings, fueled by growth in some segments and lower operating costs in others. Profits at FedEx, which is often seen as a proxy for global economic activity,…
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 891k, the U.S. Census Bureau reports. This … Read more
The European Commission unveiled plans Wednesday to closely regulate key financial benchmarks used globally to price loans after a rate-rigging scandal blew the lid off the clubby world of banking. “Today’s proposals will ensure for the first time that…
Asia’s richest man Li Ka-shing warned that Shanghai’s new free trade zone will have a “big impact” on Hong Kong, urging the city to up its game to avoid losing out, his office said Wednesday. China will allow unfettered exchange of its yuan currency…
Health and Human Services Secretary Kathleen Sebelius addressed local health-care providers and community leaders on details of the soon-to-be-implemented Affordable Care Act, during a visit to Jacksonville, Florida’s Sulzbacher Center on Monday.(Bob…
The 2008 financial crisis that devastated many Western economies also reaped a heavy toll in suicides among men, a study published on Tuesday suggests. Health researchers analysed data for suicides among people aged over 15 in 54 countries, comparing…
A former JPMorgan Chase trader said Tuesday that the government was making him a scapegoat for the “London whale” trades while letting off his boss. Lawyers for Julien Grout, who was indicted by a grand jury Monday for fraud and false securities filings…
The Netherlands will buy 37 new F-35 Joint Strike Fighters (JSF) from US-based Lockheed Martin in a deal worth 4.5 billion euros ($6 billion) to replace its ageing fleet of F-16s by 2019, the country’s defence minister said Tuesday. Jeanine Hennis-Plasschaert…
Disgraced former IMF chief Dominique Strauss-Kahn pledged Tuesday to do his best to help Belgrade revive its ailing economy as he began to advise the Serbian government. “It’s not going to be easy … There are some real problems but I think it’s possible…
Global oil prices dived to multi-week lows on Tuesday on fading Syria worries and ahead of the US Federal Reserve meeting, traders said. New York’s main contract, West Texas Intermediate for October, sank to $105.50 a barrel — which was last witnessed…
Ecuadoran President Rafael Correa called Tuesday for a global boycott of Chevron, as part of a campaign to highlight Amazon environmental damage Ecuador attributed to the US oil giant. Chevron has never worked directly in Ecuador but inherited a pollution…
Russians now have a say in key lender Bank of Cyprus because of European reluctance to fully bail out Nicosia, fearing that would safeguard oligarchs’ ill-gotten gains, analysts believe. “Unlike all the other bailout countries the Eurogroup did not…
Portugal is luring increasing numbers of European retirees seeking the easy life in the sun, thanks to generous tax breaks, low property prices as the debt-laden country sweetens the deal. “Many British, German and Scandinavian seniors seeking sun already…