A slight expansion of economic activity in Germany and France couldn’t save the eurozone from a second recession in four years. The serious slump in the area’s southern periphery gives little hope for a recovery...
Spanish airline Iberia is bracing for layoffs affecting thousands of workers. The carrier, which is part of the International Airlines Group (IAG), has been logging heavy losses over the past nine months. Spanish carrier Iberia...
German insurance giant Allianz has reported surging third-quarter profits. Results have appeared so strong that the company will retain its full-year targets despite expected claims resulting from Hurricane Sandy. Insurer Allianz of Germany on Friday...
A member of the EU Commission has called on Britain to declare whether it intends to remain part of the bloc in the long term. The comments come as part of an ongoing debate over...
The World Bank has approved a multi-million-dollar grant for Myanmar to support reform endeavors in the country formally known as Burma. It’s the first financial aid provided to the nation in over two decades. The...
The eurozone banks’ lending activities have slowed down even more, with private households and companies facing difficulties to take out loans. ECB counter-measures have so far failed to improve the situation. Bank lending to the...
Over a century of Ford auto production in the UK will come to an end, as the US carmaker plans to shutter its van plant at Southampton in 2013. A total of 1,500 British jobs...
The German Finance Ministry has announced tax revenues in the country are likely to reach a record high this year despite the eurozone debt crisis. A robust labor market and private consumption have been key...
The Japanese government has warned the country’s trade figures for September show an alarming drop in exports to key economic partners. Shipments abroad have been the lowest in over 30 years. Trade activities in the...
German industrial conglomerate Siemens has announced plans to sell off its solar energy business in an effort to cut costs and strengthen profits. The firm doesn’t expect earnings in the sector to pick up in...
Improvements in infrastructure and stable energy supplies have helped Germany gain ground as a top industrial location in the world. According to a new study, it now takes fifth place in global rankings. Germanyedged closer...
The majority of Germans still prefer using cash over electronic forms of payment, a study has found. Consumers feel real banknotes and coins are a lot safer, and that their use is completely anonymous to...
