Author : EW News Desk Team

Members of the European Union have come to a preliminary agreement to ban the imports of Iranian crude oil, though it has not been confirmed when the embargo will...

Italian Prime Minister Mario Monti has written a detailed account of how he spent his New Year’s Eve dinner, after a member of parliament questioned the appropriateness of holding...

Casino gambling revenue in Macau grew by 42 percent in 2011 to a record $33.47 billion, thanks to an ever-increasing flow of wealthy mainland Chinese who flock to the...

Sales of luxury carmaker Bentley reached record levels in 2011, with a total of 7,003 vehicles sold in the year. The United States remains the carmakers top market, but...

Europe’s largest long-haul carrier, Lufthansa, has said that it would pass on the higher costs of a carbon emission tax on to its passengers, following a controversial EU carbon-trading...

An Ecuadorian appeals court has rejected an attempt by energy giant Chevron Corp to overturn a February 2011 ruling that charged the company $18 billion for spilling chemicals in...

The Greek government is prepared to abandon the euro currency within the next three to four months, unless negotiations for a second 130 billion euro ($169 billion) bailout package...

Oil prices jumped more than 1.5 percent to cross the $100 mark on Tuesday, the first trading day of 2012, amid new fears that rising tensions between the West...

A quick preview of the key economic events for the upcoming week: After a holiday week, trading volume and markets are expected to return to normal. Among the highlights...

The Iranian Riyal fell to a record low against the US dollar on Monday, after fresh US sanctions imposed severe penalties and restrictions on foreign financial institutions that had...