Business
Czech presidential election: Milos Zeman to face Karel Schwarzenberg in second run-off
Former Prime Minister Milos Zeman is set to face Foreign Minister Karel Schwarzenberg in a run-off in the Czech Republic's presidential election. With almost all...
Greek parliament approves new tax increases
The Greek parliament has approved a series of unpopular tax rises aimed at boosting revenue in line with Athens' commitments to international creditors. The measures,...
US trade deficit widens following imports increase
The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods. Figures from the Commerce Department showed that the...
Boeing 787 Dreamliner review ordered by Federal Aviation Administration
US Federal Aviation Administration (FAA) has ordered a review of the 787 Dreamliner plane after a series of incidents put a question mark over...
Japan gets $116 billion stimulus boost
Japan’s government has approved a fresh 10.3 trillion yen ($116 billion) stimulus package in an attempt to spur a revival in its economy. The package...
Hugo Chavez swearing-in postponement is legal, rules Venezuela Supreme Court
Venezuela's Supreme Court has ruled that the delay of President Hugo Chavez's inauguration for a new term in office is legal. Earlier, the National Assembly...
Boeing 787 Dreamliner hit by another two fresh setbacks after Boston fire
Two fresh setbacks have hit Boeing's 787 Dreamliner plane, two days after an electrical fire broke out on board a Japan Airlines Dreamliner on...
Hugo Chavez inauguration for a new term in office postponed
Venezuela’s National Assembly has approved a request by President Hugo Chavez to postpone his inauguration for a new term in office, which was scheduled...
Eurozone unemployment rate hits new all-time high in November
Eurozone unemployment rate hit a new all-time high of 11.8% in November, official figures have shown. This is a slight rise on 11.7% for the...
Samsung estimates Q4 2012 record profit powered by growing sales of smartphones
Samsung Electronics has announced it expects to make a record profit for the last quarter of 2012, powered by growing sales of its smartphones. It...
Real estate market trends in 2013
The U.S. real estate market seems to have a relatively steady progress toward recovery in 2013. During 2012 area residential and commercial property sales hit...
Boeing 787 Dreamliner belonging to Japan Airlines catches fire in Boston
Japan Airlines said that a fire broke out in one of its Boeing 787 Dreamliners, shortly after it landed in Boston, following a flight...
Bank of America to pay $3.6 billion to Fannie Mae mortgage agency
Bank of America has agreed to pay US government mortgage agency Fannie Mae $3.6 billion to settle claims relating to residential home loans. In addition,...
Basel Committee on Banking Supervision eases bank asset rules
International financial regulators have eased rules on minimum quantities of cash and liquid assets all banks must hold, set to take effect in 2015. The...
Diosdado Cabello re-elected as Venezuela’s National Assembly president
Venezuela's National Assembly has chosen its leader, a possible stand-in for President Hugo Chavez who is in Cuba following cancer surgery. The assembly re-elected the...
US Congress passes emergency aid package for Superstorm Sandy victims
The US Congress has passed an emergency aid package for victims of Superstorm Sandy, days after an outcry over a delay in approval. The $9.7...
Wegelin, Switzerland’s oldest bank, to close permanently after US tax evasion fine
Wegelin & Co., Switzerland's oldest bank, is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin,...
Asian and European markets gain on US fiscal cliff deal
European and Asian markets have gained after a short-term deal to stave off the so-called US fiscal cliff was reached. UK shares jumped 1.5% while...
What’s the deal? Highlights of fiscal cliff agreement
US Congress last night finally passed a deal to avoid the so-called fiscal cliff, as critics attacked the Republican party for giving in and...
US Congress passes deal to avert fiscal cliff and Barack Obama heads back to restart Hawaii vacation
President Barack Obama has hailed a deal reached to stave off a "fiscal cliff" of drastic taxation and spending measures as "just one step...
Francois Hollande New Year speech: France’s president vows to revive supertax
French President Francois Hollande says he still plans to raise the top rate of income tax after his 75% plan was struck down on...
US Senate approves fiscal cliff bill
The US Senate has decided to approve a deal to avert general tax hikes and spending cuts known as the "fiscal cliff". The bill, which...
How an Aussie unseated Belgium’s chocolate kings
Belgium invented the praline in 1912 and soon became known for making the best chocolates in the world. But 100 years on, the supremacy...
Angela Merkel warns Germans of tough economic times ahead in her New Year message
German Chancellor Angela Merkel has warned that her country’s economic climate in 2013 will be "even more difficult". In her New Year message, Angela Merkel...
US Congress leaders have one more day to reach fiscal cliff deal
US Congressional leaders have one more day to stop the threat of steep tax rises and spending cuts, known as the "fiscal cliff", after...
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