Greece has pulled itself back from the brink, by agreeing to a painful austerity package aimed at reducing the country’s giant budget deficits.
The violent earthquake, tsunami and nuclear disaster in Japan earlier this year severely rattled the technology industry’s supply chain and pushed back the launch dates of several new devices. But an end is in sight: A new report predicts that the industry will be completely back up and running in about two months.
In a move that could pull Greece back from the brink of defaulting on its debt, the nation’s Parliament voted Wednesday to implement another round of austerity measures.
Thousands of protesters descended on Athens, some clashing with police, as Greece’s Parliament prepared to vote Wednesday on whether to accept more austerity measures to win the last tranche of a bailout from their European neighbors.
Riots have erupted in Athens once again, as the Greeks — already burdened by the most severe austerity measures in Europe — protest the next potential wave of belt-tightening in the ongoing debt crisis.
Christine Lagarde, the finance minister of France, was voted to the post of managing director of the International Monetary Fund on Tuesday.
If you are looking to invest in a smartphone maker, your choices at first seem limited to Apple and a bevy of also-rans that are taking turns auditioning for the dubious distinction of becoming the next Palm.
In the latest of a recent slew of antitrust complaints filed against Google, French search company 1plusV said Thursday it would seek $423 million in damages from the American search giant.
Protests turned violent Tuesday in Greece as police fired tear gas in Athens to disperse stone-throwing demonstrators who had taken to the streets to voice their objection to austerity measures.
U.S. Treasury Secretary Tim Geithner said Tuesday that he supports French finance minister Christine Lagarde as head of the International Monetary Fund.
The International Monetary Fund was expected to vote on a new managing director as early as Tuesday to replace Dominique Strauss-Kahn, who was arrested in New York last month on sexual assault charges.
Toyota Motor Co. on Tuesday blamed the continued fallout from this spring’s earthquake for slumping sales and production in Japan, and the automaker was hit with a ratings downgrade.
The next week could decide the outcome of the debt crisis in Greece — and the financial future of Europe along with it.
World markets endured a volatile trading session Friday, on mixed news about the global economy.
Four reasons are emerging for President Obama’s surprise decision Thursday to release 30 million barrels of oil from the nation’s strategic reserve — economic stimulus; a looming supply shortage; a wake up call to OPEC; and a warning shot to speculators in the oil market.
A guy walks into a bar and orders a pint of beer. But this isn’t a pub in London or a sports bar in Milwaukee — it’s a watering hole in Uganda. And the beer, from the same company that brews Miller, is made from sorghum, a grain common to Africa. For centuries, Africa’s slum dwellers have scored cheap buzzes by fermenting local crops like banana, pineapple and palm into home brews, some of which is so toxic it sends drinkers to the hospital. Now SABMiller wants bootleggers to buy the company’s own beer instead.
The European Council on Friday appointed Italian Bank Governor Mario Draghi as the next president of the European Central Bank.
World markets rallied Friday after the so-called Troika – the European Commission, the International Monetary Fund and the European Central Bank – reached an agreement with Greek authorities on a belt-tightening plan for the economy.
The U.S. Department of Energy said Thursday it will release 30 million barrels of oil from the Strategic Petroleum Reserve to alleviate Libyan supply disruptions — driving already sinking prices lower.
The government’s antitrust watchdogs and policymakers have Google in their crosshairs.
Harry Potter series author J.K. Rowling will, for the first time, release the famous children’s stories in e-book form in October through a new website called Pottermore.
Oil prices fell more than 4% Thursday, as investors signaled disappointment over a bummer of a speech by Fed chief Ben Bernanke.
Swedish automaker Saab said on Thursday that it doesn’t have the money to pay its workers.
Oil prices fell nearly 3% Thursday, as investors signaled disappointment over a bummer of a speech by Fed chief Ben Bernanke.