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Greece Passes $17.3 Billion Austerity Bill Amid Violent Protests
In a 14-hour debate marked by internal rifts and violent protests outside its gates, the Greek parliament narrowly voted to approve a sweeping set of austerity measures early Thursday,...
Nigeria Moves Closer To Investment Grade
International ratings agency Standard & Poor’s has upgraded Nigeria’s credit rating from “B+” to “BB-“, citing improved financial stability and government reforms on fuel subsidies for their improved outlook...
France Announces €20bn Tax Break for Businesses
Acting on the recommendations of industrialist Louis Gallois, France will grant businesses 20 billion euros ($25.7 billion) in annual tax credits as a way of boosting the country’s economic...
Infographic: The Fine Print of Mortgage Payments
A mortgage is usually the largest financial commitment one makes in a lifetime. Yet, not many borrowers understand the terms of their loan and even more troubling is the...
Defiant Spanish PM Confident Of Economic Growth By 2014
Spanish Prime Minister Mariano Rajoy on Tuesday once again ruled out possibility of his government requesting a bailout from the ECB this year at least; and said that his...
EU Budget Audit Finds $6.4 Billion In Misspending
The European Union wasted more than 5 billion euros ($6.4 billion) on errors in payments and ineffective economic programs last year, said its auditors on Tuesday, with about 3.9...
HSBC Budgeting For $1.5bn Money Laundering Settlement
Europe’s largest bank is bracing itself for a settlement with US regulators which analysts say could top $2 billion and is likely to lead to criminal charges as well....
French Economy Urged to Undergo “Shock Therapy”
A government-commissioned study of the French economy by industrialist Louis Gallois, the former chief of aerospace group EADS, has called for a “competitive shock therapy” for the economy, arguing...
China Launches WTO Case Against EU Over Solar Dispute
China has filed an official complaint with the World Trade Organisation over alleged subsidies provided by some EU members towards the solar panel industry, reported the New York Times...
Russia Admits To Selling Syria $1 Billion in Weapons Last Year
Russian Foreign Minister Sergei Lavrov has defended his nation’s decision to sell arms to the Syrian government, reported Reuters, after claiming that the Russian government was obliged to do...


