Economy

26.05.2012 15:18 39 comments A million-strong task: Scots push for UK breakup Supporters of Scottish independence have launched their bid for a declaration that could see the nation break free from a 305-year-old union with the United Kingdom.		25.05.2012 19:53 10 comments $10 million a year: the average salary of an American CEO If you weren’t sold on the whole Occupy Wall Street thing before, then listen up — despite the United States still in the process of picking itself out of a major recession, the average corporate CEO raked in nearly $10 million apiece in 2011.
25.05.2012 10:14 2 comments Market Buzz: No bad news is good news for investors Russian stocks are likely to open higher on Friday amid a relatively positive global background, though a downtrend persists on the markets.		24.05.2012 20:00 53 comments Crisis-led suicide epidemic: Greek mother & son jump to death A 60-year-old Greek musician and his 91-year-old mother jumped to their deaths from their 5th floor apartment, driven to despair by financial woes. This double death is the latest in a rising epidemic of crisis-induced suicides in Greece. Eurozone crisis
23.05.2012 23:36 13 comments Californian commits suicide two days before foreclosure Norman Rousseau didn’t have to leave a suicide note when he took his life on May 15. Those close to the 53-year-old California man were well aware that an ongoing foreclosure battle with Wells Fargo had put him on edge.		22.05.2012 20:10 4 comments Greece’s banking industry secretly gets €100 billion Greece's struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT.
22.05.2012 14:37 2 comments Euro stability being siphoned off? As prices for most necessary commodities, such as fuel, rise and salaries fall, citizens of Europe’s strongest economy resort to desperate measures. In Germany truck drivers are being attacked by fuel-stealing thieves.		18.05.2012 18:11 23 comments Green-blind? US wages war on Chinese solar panel makers The US is set to increase tariffs on solar panels made in China in a bid to restrict Chinese companies’ presence on the market. Beijing claims this may hurt efforts to promote clean energy.
17.05.2012 16:37 3 comments Canadian dollar to give Iceland helping hand Iceland would be better off replacing its currency with the Canadian dollar. So say Icelandic economists, who believe the move - which remains a possibility - would help stabilize the small northern country's ailing economy. Eurozone crisis		16.05.2012 16:05 11 comments Paint it bleak: German police clean up Occupy Frankfurt Camp (PHOTOS) Cleaning up a tent camp of about 300 Occupy protesters – Europe's longest continuous “Indignants” protest – from near the European Central Bank turned out to be a messy business for some Frankfurt police.
16.05.2012 05:50 6 comments Greece could exit eurozone – IMF chief Even an ‘orderly’ exit by Greece from the eurozone poses great risks, but exiting remains an option if the debt-laden nation fails to meet the terms of the bailout deal reached with its partners, says IMF chief Christine Lagarde. Eurozone crisis		16.05.2012 04:01 24 comments ‘Merkel and Hollande will do anything to save euro’ Despite their major differences, France’s newly-elected leader, François Hollande, and his German counterpart, Angela Merkel, have shown signs that compromise between the eurozone’s largest economies is possible. Eurozone crisis
15.05.2012 17:21 34 comments Greece fails to form new government, going to elections Talks between Greek parties aimed at forming a coalition government have failed. Party leaders will meet President Papoulias to decide on a caretaker Prime Minister and cabinet to govern until the new parliamentary elections.		15.05.2012 14:17 10 comments Italy calls in army amid fears of elections violence Italy is stepping up security and calling in army battalions ahead of local elections on Sunday amid fears of an increase in what the country’s interior minister describes as “political violence”.
15.05.2012 05:33 5 comments Back in recession: Moody’s downgrades 26 Italian banks The Moody’s rating agency has downgraded the debt rating of 26 Italian banks, including the giant UniCredit, as the country struggles with recession, tough austerity measures and 1.9 trillion euros of outstanding public debt. Eurozone crisis		14.05.2012 21:29 9 comments Secretive Internet currency’s server hacked; money stolen Upwards of $90,000 worth of Bitcoins have been stolen from an exchange service website this week, marking the second time in nearly two months that the cyber-currency has been compromised due to a security breach.
14.05.2012 11:36 23 comments Afghanistan expects Western help, Taliban rehabilitation - Karzai Western neglect of Afghanistan after the Soviet withdrawal brought about a growth of terror in the country, Afghan President Hamid Karzai believes. This in turn led to both 9/11, and terror attacks in Russia, he insists.		12.05.2012 23:50 14 comments Mass anti-austerity protests sweep through Spain At least 100,000 protesters angered by the country's grim economic prospects turned out for street demonstrations in 80 cities across Spain. This marked the one-year anniversary of a movement that inspired similar activist groups in other countries. Eurozone crisis
12.05.2012 22:42 107 comments ‘Europe on the brink of revolution’ The chorus of anti-austerity voices grows louder in Greece as Athens scrambles to form a coalition government. While eurocrats prepare to give Greece the boot, political analyst Alessandro Politi told RT speculators are Europe’s real enemy. Eurozone crisis		12.05.2012 17:44 Russia's power sector: Hard time ahead? Russia’s power sector has had a financial black-out, as the capitalization of two major grid companies dropped by $1.3 billion on Friday. The shares of IDGC Holding lost 10%.

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