Fewer Germans feel inclined to make adequate financial old-age provisions, a study has found. The survey points out that a good part of the population is worried about inflation and record-low capital yields. Germans on...
Italy has accumulated more debt in 2011 than previously thought, according to revised figures published by the country’s statistics office. In the eurozone debt ranking, Italy now comes second behind Greece. Italy’s total national debt...
The gap in wages and professional income between women and men in Germany has hardly been closing over the past few years, a new study has found. Surprisingly, unequal pay is prevalent in top jobs....
Spain’s Economy Minister Luis de Guindos has told parliament that the ownership of the “bad bank” being set up to absorb sour Spanish estate assets will be split 55- to-45 between private investors and the...
New York state has filed a civil suit against JPMorgan Chase over the allegedly fraudulent sales of mortgage-backed securities. The suit comes just one month shy of the US presidential election. New York’s attorney general...
Auto maker Ford has said it will work hard to make its brands easier to identify by potential customers around the globe. The company believes a unified design concept can also help boost sluggish European...
A leading German economic institute has said it’s confident the German economy will pick up momentum again in 2013. But it warns that more people will be out of work as a result of the...
Advisers to the European Commission have issued their recommendations for a structural reform of the continent’s banking system. They’re in favor of separating retail and investment operations to reduce future risks. A group of advisers,...
As more than 3.5 million visitors have visited Munich’s Oktoberfest in its first week, the 16-day beer fest is set to break all records. Business is booming as the world spends big on beer, pretzel...
Mining group Xstrata and commodities firm Glencore have agreed new terms for their tie-up, clearing the way for the biggest-ever mining industry merger. The original deal looked set to founder on shareholder resistance. Swiss mining...
The German government believes that it will still be able to get hundreds of thousands of electric cars onto domestic roads by 2020. But it acknowledges that the project has sputtered somewhat in the early...
Storing data in the Cloud means you can access it from anywhere – and hackers can access it, too. But the growing enthusiasm for cloud computing has overshadowed the risks. As with many technology developments,...
