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,...
Germany and France have made a fresh appeal to the European Union executive to pave the ground for a tax on financial transactions. They hope it can be introduced in at least nine of the...
Spain’s banks need to be recapitalized to the tune of more than 50 billion euros, according to an independent report released on Friday. As high as this figure may sound, it has led to a...
Its power grid is virtual emissions free and there’s plenty of cool air to keep a data center from over heating – and now Iceland wants to become the “green hard drive” of the world....