Author : EW News Desk Team

The U.S. Justice Department is preparing to file civil charges against the nation’s largest credit-ratings agency, Standard & Poor’s, for over-inflated mortgage ratings leading to the 2007 subprime crisis,...

The European Central Bank has been advised to hire around 2,000 additional bank supervision staff, if it wishes to properly fulfil its new role as the bloc’s top banking...

United States Vice-President Joe Biden said a free-trade zone between the US and Europe is gaining traction and could soon become a reality, after both sides of the Atlantic...

The European Union holds its first summit for the year this week and European leaders are expected to carve out a new budget deal for the next seven years,...

The Japanese government hopes to triple its annual supply capacity of wind-powered electricity to 7.5 million kilowatts in the next decade, through development of transmission grids in Hokkaido and...

 As part of his campaign ahead of the February 24-25 elections, former Italian Prime Minister Silvio Berlusconi on Sunday pledged to return Italians some four billion euros ($5.5 billion)...

Spanish Prime Minister Mariano Rajoy has been accused of hiding almost 250,000 euros ($340,000) from tax authorities after the El Pais daily published handwritten extracts from what it said...

In the wake of the Great Recession, there is little doubt that the American middle class is in distress. From falling incomes to rising job insecurity, weak improvements in...

India’s government has urged China to respect its water rights over the Yarlung Tsangpo/Brahmaputra River, reported AFP on Thursday, after the Chinese government revealed plans to build three hydroelectric...

Tax chiefs from the world’s Big Four accountancy firms – KPMG, PwC, Deloitte and Ernst & Young – on Thursday denied accusations from the U.K. parliament that they had...