News
S&P Warns Of Socially Explosive Situation In Euro Zone
Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, ...How The Scheme To Punish Cyprus Savers Unfolded
Just three weeks after being elected president of Cyprus, Nicos Anastasiades travelled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough. Hours before he ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Cyprus Parliamentary Vote On Deposits Tax Uncertain
The government of Cyprus is hoping to push a divisive tax on bank deposits through parliament on Tuesday in a bid to stave off a default that could reignite the euro zone crisis. Breaking with ...Bill To Avert U.S. Government Shutdown Moving Slowly In Senate
The U.S. Senate on Monday inched closer to passage of a bill to fund federal agencies through Sept. 30 and avoid a government shutdown at the end of this month when existing money runs out. Up ...
Drug Companies Retreat From Investment In Antibiotics; Risks Outweigh Rewards
Thirty years ago, when the world faced the terrifying prospect of an untreatable disease known as AIDS, big drug makers scented an opportunity and raced to develop new medicines. Today, as the world ...
Supreme Court Rejects Goldman Sachs Appeal Over Mortgage Securities
Goldman Sachs Group Inc. suffered a defeat on Monday as the U.S. Supreme Court let stand a decision forcing it to defend against claims it misled investors about mortgage securities that lost value ...Cyprus Working On Deal To Ease Bank Levy As Depositors Flock To ATMs
Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a ...
U.N. Bodies Want To Tackle Drought To Avert Food Crisis
U.N. agencies want to strengthen national drought policies after warnings that climate change would increase their frequency and severity. Droughts cause more deaths and displacement than floods or ...