Monday 24 July 2017

Business and Economy

Business and Economy

New York Times CEO Janet Robinson Steps Down, Without Explanation

New York Times CEO Janet Robinson Steps Down, Without Explanation

The New York Times Co.'s Chief Executive Janet Robinson resigned unexpectedly as chief executive of the New York Times Co at the end of the month after a seven-year run in which she attem...

Chevron Asked to Suspend Activity in Brazil; Brazil Sues Chevron, Transocean for $11 Billion

Chevron Asked to Suspend Activity in Brazil; Brazil Sues Chevron, Transocean for $11 Billion

Brazil's federal prosecutor on Wednesday said it wants Chevron Corp. and Transocean Ltd. to shut down operations in Brazil, as it sues the two firms for 20 billion Brazilian reais ($11 bi...

Not everyone agrees that euro's end would finish off Europe too

Not everyone agrees that euro's end would finish off Europe too

EU officials are working feverishly to ensure the euro survives a raging debt crisis threatening its 10th birthday. But some Europeans are sure it's impossible to turn back the clock on i...

Citigroup Plans to Cut 4,500 Jobs

Citigroup Plans to Cut 4,500 Jobs

Citigroup will cut about 4,500 jobs in coming quarters as he seeks to trim costs amid slumping revenue. Citigroup will take a charge of about $400 million in the fourth quarter tied to th...

Merkel Heads to Paris as EU Leaders Seek Debt Strategy

Merkel Heads to Paris as EU Leaders Seek Debt Strategy

German Chancellor Angela Merkel and French President Nicolas Sarkozy will hold talks in Paris today starting at 1:30 p.m. over lunch. With a European Union summit in Brussels looming Dec....

China Signals Reluctance to Rescue E.U.

China Signals Reluctance to Rescue E.U.

The Chinese government over the weekend sought to tamp down international expectations that Beijing might use its large financial reserves to help ease the European debt crisis.

The Pharmacy of Europe

Bernard-Henri Lévy

Is the European crisis the cause of the current financial crisis or the consequence?

Secret Fed Loans Gave Banks Undisclosed $13B

Secret Fed Loans Gave Banks Undisclosed $13B

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see whatthey where hid...

Austrian airline forced their passengers to pay for fuel in order to continue their trip from India to England

Austrian airline forced their passengers to pay for fuel in order to continue their trip from India to England

Passengers were told to disembark in Austria because the airline ”ran out of cash to fund the last leg of the trip”. When the passengers, each of whom had paid on average $800 for their t...