Alpha Bank, Greece's third-largest lender, was expected to report a 49 percent drop in first-quarter net profit, hurt by the recession and the country's debt crisis, a Reuters poll found. Net profit was
The European Union sent Greece a letter to remind it to stick to the terms of a 110-billion euro ($134.6 billion) bail-out deal, officials said ahead of talks this week on Athens'
Britain's economy grew slightly faster than initially estimated in the first three months of this year after a strong rebound in industrial production and business services, official data showed on Tuesday. The
Around three-quarters of the damage inflicted on the Gaza Strip by Israeli armed forces during its “Operation Cast Lead” last year remains unrepaired and unreconstructed, according to a United Nations report. The
National Bank, Greece's largest lender, expects 2010 and 2011 to be difficult because of the country's severe debt problems and a contracting economy, its chief executive told its shareholders on Friday. Recession
German lawmakers approved on Friday a $1 trillion safety net to stabilize the euro as world stocks slid further on fears Europe's debt crisis and tougher financial regulation will choke economic recovery.
Germany said restoring confidence in the euro was its "top priority," demanding tougher regulation and oversight on Thursday to protect the single currency, and joint EU action on withdrawing support for its
The number of workers filing new applications for unemployment insurance unexpectedly rose last week for the first time since early April, suggesting the labor market recovery has hit a stumbling block. Initial
A senior euro zone official said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action
The Industrial Turnover Index for February 2010 reached 108.6 (base 2005=100) according to the latest figures from the Statistical Service, recording a decrease of 3.4% compared to February 2009. For the period
