Like a leveraged Sisyphus, the Greek economy finds itself unable to push up the hill. The increasingly toxic euro effect is precluding the chances of a meaningful Greek rebound from its great depression.
German companies doing business with Russia are suffering from the weak ruble, as one in three companies will have to fire employees or cancel its projects, the managing director of the Association of German Chambers of Industry and Commerce warned.
Among the six European states participating in the poll questioning EU membership, the British appeared most certain of all that they want to leave the union with only 37 percent against breaking ties.
New analysis has shown that women will suffer the most from a freeze in tax credits and benefits that the Chancellor, George Osborne, has said will be introduced if the Tories win the general election.
Top management in Britain’s biggest companies is becoming less ethnically diverse, despite government attempts to encourage the promotion of minorities to senior posts, according to a recruitment organization.
Oil giant British Petroleum (BP) plans to cut hundreds of jobs, many of them in the US and the UK, owing to the recent drop in oil prices and rising costs due to the Deepwater Horizon disaster in the Gulf of Mexico.
Government employees who fancy a cigarette or two while on duty will have to stay longer hours in the office, a local senior official in southern Russia announced. Working smokers will also be signed up for mandatory out of office activities more often.
A former brewery boss and Tory peer has blamed the closure of “many” British pubs on the rise of non-drinking Muslims communities. Lord Hodgson also said cut-price alcohol in supermarkets was a problem for the industry.