Author : EW News Desk Team

The IMF is drawing up a 600 billion euro ($794 billion) bailout plan for Italy as a safeguard for the country in the event that the its debt crisis...

The mayor of the central Romanian town of Brad in the Hunedoara County has gone on a hunger strike, after recent cuts in heating subsidies by the government left...

India's growing anxiety over China’s presence in South Asia and South East Asia is a reflection of its “inferiority complex” and “loud jealously”, wrote a commentary on Chinese state-run...

Credit rating agency, Fitch, yesterday downgraded Portugal to junk status because of its “large fiscal imbalances, high indebtedness across all sectors and adverse macroeconomic outlook,” adding that it could...

The average pay of a woman in the United Kingdom will overtake that of a male worker within the decade if current trends in the labour market continue, showed...

China’s central bank announced today that it will reduce the reserve requirement for banks, a key sign that the government is easing the tight credit controls meant to curb...

In an ominous sign of things to come, Germany yesterday failed to secure buyers for 35 percent of its 10-year bonds put up for sale, sending borrowing costs higher...

Network-equipment vendor Nokia Siemens Networks (NSN), announced on Wednesday that it would be cutting 17,000 of its jobs worldwide, or 22 percent of its workforce, as it tries to...

Share prices for Groupon Inc shrank by more than 15 percent on Wednesday to close at $16.97, well below the $20 asking price of the coupon site’s initial public...

The International Monetary Fund has stepped up as a lender of last resort, as it increased the firepower of its lending instruments and extending a six-month liquidity lifeline to...