Paul Taylor The European Union is entering a lame duck year just as new challenges are mounting from Israel's assault on Gaza, Russia's gas cut-off to Ukraine and the impending inauguration of
Thousands of Bulgarians, Bosnians and Serbs were left in the cold and some companies and schools did not operate on Wednesday after Russian gas supplies were halted to southeastern Europe. The disruption
The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters plan to announce on Wednesday, presenting a daunting challenge to President-elect Barack Obama who has said
After an absence of two years from local capital markets, the Republic of Cyprus raised EUR 150 mln through the sale of 5% government bonds, with date of issue 9.1.2009 and maturity
Greek Prime Minister Costas Karamanlis sacked his finance minister on Wednesday in a broad cabinet reshuffle to try to shore up his government's popularity, hit by riots, scandals and economic woes. Finance
Germany posted its first rise in unemployment in almost three years on Wednesday, a day after the global economic downturn forced U.S. aluminium giant Alcoa to announce 15,000 job cuts and slash
European shares declined about 1 percent by mid-morning Wednesday after rising the previous six sessions, with British oil major BP leading the energy sector down and banking shares coming under renewed pressure.
New car sales in Britain fell by more than a fifth year-on-year in December to cap the worst year for the industry in more than a decade, trade figures showed on Wednesday.
Greek Prime Minister Costas Karamanlis will reshuffle his conservative cabinet on Wednesday in an effort to reverse its sliding popularity due to riots and discontent with economic measures. A government statement said
Deep discounts that failed to coax consumers to shop in December are likely to lead to a number of profit warnings this week, when retailers report sales for the all-important holiday month.
