Portugal bankers warn EU to stop ‘playing with fire’

The heads of Portugal’s biggest banks Millenium BCP and Banco Espirito Santo, have called on European leaders to stop “playing with fire” and alarming depositors in Eurozone economies.

May 20, 2013 17:04

Former finance minister Kudrin blames United Russia for economic stagnation

Aleksey Kudrin, addressing the State Duma, stated that the development of Russia’s political system is "lagging behind the challenges of the time and doesn’t provide the mechanisms to build up the country's modernization."

May 20, 2013 15:37

Safety warning: ‘Golden parachutes’ for Russia’s senior managers to be cut

‘Golden parachutes’ for senior managers of state corporations and companies with state participation may be significantly cut as soon as in August, 2013. President Putin earlier requested that the government come up with new legislation on the matter.

May 20, 2013 15:42

British business says 'Brexit' will cost UK $140bn annually

As the question of the UK's EU membership has taken the center stage of British politics, some of the UK's leading business heavyweights argue that political interests should not be placed before the economics.

May 20, 2013 10:30

Market Buzz: American consumerism drives Euro and Asian floors

Positive US consumer data drove up European stocks, while Asian shares almost reached a five-year high and the yen made a marked comeback.

May 20, 2013 06:36

Inequality surges in world’s richest countries, esp. in times of crisis

Not only has social inequality risen in the industrialized nations over the past three decades, the economic crisis of 2008-09 sped up the deterioration as “pain of the crisis was not evenly shared,” a new report says.

May 19, 2013 04:18