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GERMAN DEBT OVERHAUL
Euro gets lift from German debt brake reform as currencies mired in trade war falloutThe euro surged to a nearly four-month high as Germany's political parties agreed on a significant debt overhaul to revive the economy. Ami...
To Europe's economic malaise, add a leadership voidPolitical turmoil in France and Germany threatens Europe's economic modernization efforts, hindering companies' global competitiveness. The...
Citigroup's new big hire is a no nonsense, hard-charging dealmakerViswas Raghavan, a competitive and ambitious dealmaker, has been hired by Citigroup CEO Jane Fraser to lead the struggling Wall Street oper...
Europe's defence sector seeks EU clarity, greater efficiencyEurope intensifies defense spending post-Russia's invasion of Ukraine, but challenges persist for battle readiness. Issues encompass financ...
‘Fake EBITDA’ masks risk in debt-laden companiesNow, amid rising interest rates, persistent inflation and warnings of a potential recession on the horizon, research from S&P Global Rating...
Reelection bolsters France's Macron as powerful player in EUBoosted by his victory, Macron figures to be in the spotlight when he pays an expected visit to Berlin in the coming days to meet with new ...
NCLT orders insolvency process at low-cost carrier Air CostaAir Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bank...
Angela Merkel risks all as global praise runs into party outrageThe award saves Angela Merkel's detractors the discomfort of seeing international honor bestowed on the chancellor for an open-door policy.
Angela Merkel rejects EU bond idea to solve crisisMerkel rejected joint debt issuance in the 17-nation euro area as a solution, saying "under no circumstances" would she agree to Germany-ba...
- G-20 rebuff leaves European leaders to focus on Greek aid
European leaders shift their focus this week to bolstering the euro region's debt-crisis firewall after G-20 nations rebuffed their call fo...
- Italian Prime Minister Silvio Berlusconi survives vote of confidence
Silvio Berlusconi survived a second confidence vote on his austerity plan, paving the way for final passage of the package intended to bala...
- EU fault on debt contagion runs deeper
European Union divisions widened over how to contain the debt contagion that threatens the euro, limiting a summit starting on Thursday to ...
- Weaknesses of eurozone economies the real problem of euro
The real problem with the euro is the weaknesses of the eurozone economies, the political will to implement required policies and increasin...
- EU proposes new rating agency oversight
The European Union's executive on Wednesday proposed that a new markets regulator should oversee credit rating agencies across the 27-natio...
- Greece a step closer to EU-IMF aid, asks to discuss loan plan
Greece moved closer to asking for an EU-IMF debt lifeline as it requested talks on a backup loan and the IMF said it was dispatching an exp...
- Greece readies tax change to fight crisis
Finance Minister George Papaconstantinou says a new tax bill to be presented this week will expand the top 40 percent tax bracket to income...
- Deal will restore confidence: ECB
European Central Bank (ECB) President Jean-Claude Trichet said Friday that world leaders’ call for a regulatory overhaul of the financial s...