Three barriers for glob...

The head of the International Monetary Fund, Christine Lagarde, said he believed the international organization remains the ideal forum for collaboration of 188 members and ensuring global economic stability, but reiterated the need for reform of the statutes. Under the pressure of the...

The impressive return o...

Greece makes a stunning financial recovery. Two years ago, the country seemed to be directed to disorderly bankruptcy and exit from the euro. Now Greeece returns to the financial markets by issuing five year bonds amounting to 2 billion. There are still political risks and the real...

Merging plans for the H...

The cement companies Holcim and Lafarge announced their merger proposal with the acquisition of the latter by the former, and pledged to allocate large their assets to ease concerns about the violation of competition rules across the world, says the newspaper Financial Times. The two said...

How should I manage pro...

If your employer has recently deposited extra money on your account by the way of profits, the first thing is to take it slow to make the most out of it. It is important to realise that profits are not a fixed type of income, so it won’t not necessarily be repeated every year....

Truce between China ...

The European Commission has selected to defuse, at least partly, the long trade dispute with China on telecommunications, withdrawing the relevant application and proposing to conduct negotiations in the coming months in order to fully resolve the issue. Commissioner for Trade, Mr Karel...

Below the poverty line ...

Almost one out of five Portuguese is living below the poverty line, with an annual income of less than 4,904 per year, which is less than 409 euros a month, according to a report published today by the Portuguese National Statistical Service. Because of the crisis, the poverty rate...

Devastating consequence...

If the confrontation of Europe with Russia and Ukraine escalates because of the broader economic sanctions imposed over 6,000 German companies having transactions with that country will suffer from catastrophic losses, warned a German trade association. About 6,200 German companies...

Settlement between Toyo...

An amount of 1.2 billion dollars, a record high, agreed to pay the Toyota Motor Corp to shelved a criminal investigation concerning vehicle safety problems of the giant Japanese automaker, resulting in an agreement with the Ministry of Justice U.S. could be a model for a similar case...