Topic: Europe
Britain's financial watchdog has hit Wall Street bank Goldman Sachs with a 20-million-pound (31-million-dollar, 24-million-euro) fine linked to US fraud charges, a report said Wednesday. The Financial Services Authority (FSA) fined the banking giant for failing to disclose it was under investigation ...
ATHENS (Reuters) - Greek Prime Minister George Papandreou reshuffled his cabinet early on Tuesday to try to better deal with the debt crisis and signaled he would stay the fiscal course by leaving his finance minister unchanged. Less than a year since ...
The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery. "As a general strategy, most advanced economies should not tighten their ...
Experts warn US and developed world face significant risk of double-dip recessionIs the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered ...
The nation's alcohol consumption fell by six percent in 2009, the fourth annual drop in five years, figures released Friday showed. British Beer and Pub Association data revealed the largest decline in drinking since 1948 with the average adult now consuming the ...
Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half. The economy in the 16-nation eurozone grew by 1.0 percent between ...
Worries over growth in US overshadow improving indicators in Europe; no rate hike seenIndicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears ...
Bailed out Anglo Irish Bank on Tuesday reported the biggest first-half loss in Irish corporate history, hit by soaring bad debt and a weak economy, forcing the cash-strapped government to put in even more money to keep it afloat. Anglo, which was ...
ANTRODOCO, Italy (Reuters) - Like countless other small towns across Italy suffering from the economic downturn, Antrodoco has long prayed for an investor with deep pockets to help revive its fortunes. For a town in the shadow of a mountain where a ...
Believe it or not, it IS still possible to make money in difficult economic times. You only have to look around to see that some people don't appear to be feeling the pinch at all. It can't be because they saved up ...