The Irish government has agreed to request a bailout from the European Union and the IMF, according to official statements from Ireland and the Eurogroup.
Ireland's blanket guarantee of the banking sector puts the taxpayers on the hook for a staggering amount of liabilities. Any collapse in the Irish debt market or economy would likely create a European crisis, if not a global one.
U.S. stocks finish a volatile week with modest gains on Friday, finishing flat for the week as a whole. In the absence of major economic data in the U.S., investors focused on moves by China to rein in their inflation, while Ireland continues to negotiate a bailout arrangement from the European Union and International Monetary Fund (IMF).
As early as the 1980s, fault lines began to appear in Europe's economy and the global financial crisis tore them wide open. Now, Europe perhaps faces its greatest economic challenges since WWII.
Full-text of speech by Fed Chairman Ben Bernanke at the sixth European Central Bank Central Banking Conference, in Frankfurt, Germany , on Nov. 19, 2010.
The nations of the EU-10 – which comprise various countries in Eastern Europe -- have commenced a meaningful economic recovery and look to strengthen even further in 2011, according to a report from the World Bank.
The government of Ireland has stated that it will not raise the country's low corporation tax rate in exchange for a bailout from the European Union (EU), amidst speculation that France and Germany want the tax rate increased.
A suspect package believed to be containing components of a bomb found at Windhoek airport on Thursday was only a security test, German officials said on Friday. Interior Minister Thomas de Maiziere stated that suitcase was only designed for security checks and no explosives of threat to passengers were found in the package.
A suspect package believed to be containing components of a bomb found at Windhoek airport on Thursday was only a security test, German officials said on Friday. Interior Minister Thomas de Maiziere stated that suitcase was only designed for security checks and no explosives of threat to passengers were found in the package.
France is verifying the authenticity of a broadcast message by an al-Qaeda off-shoot demanding troop withdrawal from Afghanistan in return for the safety of their nationals kidnapped in Niger. Al-Qaeda in the Islamic Maghreb (AQIM) also suggested direct negotiations with al-Qaeda chief Osama bin Laden over hostages' issue. Five French nationals along with two Africans, all employees of French firms Areva and Vinci operating in the mining town of Arlit in Niger were kidnapped on September 16.
As comments from Dublin and Brussels strongly hint at the possibility of Ireland formally seeking international financial support sooner or later, analysts are mulling the chances of a possible bailout of the stricken Celtic Tiger by the robust Chinese Dragon.
Steve Wozniak, co-founder of Apple Inc, on Thursday predicted Google’s smartphone operating system Android will beat the iPhone operating system in both quantity and quality.
A suspect package believed to be containing components of a bomb was reportedly found at the Namibian Capital of Windhoek on Thursday. A suitcase checked on to a plane en-route to Munich Germany was intercepted during the loading of an Air Berlin flight. Initial reports from the Germany's Federal Crime Office suggest that the X-ray device revealed batteries that were attached with wires to a detonator and a ticking clock.
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
A global study from Motorola says more people prefer paid TV content rather than free-to-air, despite the latter being more available.
Caterpillar Inc.'s (CAT) $7.6 billion-acquisition of rival Bucyrus International is likely to trigger a consolidation of the attractive mining equipment industry.
President Obama’s call to make the U.S. an exporting powerhouse (i.e., double their volume within five years), is a plausible goal, according to Milton Ezrati, senior economist and market strategist at Lord Abbett.
Registration of European passenger cars slumped by 16.6 percent in October against the numbers recorded in the corresponding period a year ago
Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.
The European Union (EU) cannot survive if it fails to solve the debt crisis plaguing the continent, warned EU president Herman Van Rompuy.
Turkish Airlines is mulling over starting flights from destinations in South India, Levent Bilman, Turkish Ambassador to India, told ENS, adding that this would connect Indian travelers to 93 places across Europe.
German economic sentiment unexpectedly rebounded in November following a continued decline in the past two months.
