The Organization for Economic Cooperation and Development released a report Tuesday calling on Germany to raise its property taxes dramatically. The group has also called on Denmark, Norway, and the U.K. to do the same.
It may be safe to say that Apple is dominating the mobile market, especially after a recent lawsuit against Motorola. The company has just won a patent debacle against Motorola in regards to Apple’s staple “slide to unlock” feature on smartphones. The Munich Regional Court in Germany ruled that the competitor smartphone supplier infringes Apple’s European patent, and the decision imposes a permanent injunction against Motorola devices.
Europe needs to take the reins to tackle its debt crisis and prevent a spread that could damage the global economy, senior U.S. officials said on Thursday, as they stressed that more funding from international lenders is not what Europe needs.
Ground workers began striking on Thursday at Frankfurt Airport, Europe's third busiest airport, which has caused more than 150 flight cancellations. The strike took place from 3 p.m. until 10 p.m. (CET). Workers are expected to strike on Friday, too. The Financial Times reports that strikes could last until the weekend.
Greece’s finance minister Evangelos Venizelos has suggested some countries in the bloc want Greece to leave the eurozone.
Worldwide sales of gold last year soared 29 percent to a record high as two groups of investors, each with mutually exclusive views of economic and financial threats, flocked to the yellow metal and related assets.
Emerging film sensation, Michael Fassbender is best known for starring in several high profile films, such as 'X-Men First Class', 'A Dangerous Method' and 'Shame'. Yet the star's latest on-screen venture required him to engage in some serious violence against actress Gina Carano.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
Greece expressed hope it was within days of finally securing a 130-billion-euro EU/IMF bailout to ease its debt crisis but markets reacted sceptically on Thursday as acrimony grew between Athens and eurozone partners led by Germany.
Greece expressed hope it was within days of finally securing a 130-billion-euro EU/IMF bailout to ease its debt crisis but markets reacted skeptically on Thursday as acrimony grew between Athens and euro zone partners led by Germany.
Gold demand struck 14-year highs in 2011, driven by record investment, buying in China, which could overtake India this year as the world's top consumer, and central bank purchases, which hit their highest in at least 40 years, according to a report on Thursday.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the eurozone government debt crisis is spreading throughout the global financial system.
Asian shares fell and the euro slipped to a 3-week low on Thursday as another delay in cementing a crucial bailout for Greece underscored how far Europe is from resolving a debt crisis that threatens the stability of the financial system.
Asian shares and the euro fell Thursday as another delay in cementing a crucial bailout for stricken Greece underscored how far Europe is from resolving a debt crisis that threatens the stability of the financial system.
European Union finance ministers will meet in Brussels to finalise Greece's second bail out deal.
Greece expressed hope Wednesday that it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.
General Electric Co believes China's economy, a key source of revenue growth for the largest U.S. conglomerate, will slow this year but not substantially below 8 percent, said the executive who runs the company's international operations.
Sens. Dick Durbin and Tom Coburn sent a letter to Twitter's CEO on Wednesday asking the company about the details of a new privacy policy that allows governments to censor certain tweets.
Dozens of Costa Concordia survivors have joined in a Florida lawsuit against Carnival Corp. accusing them of negligence and fraud.
