Like the persistent haze over the Chinese city of Tianjin's skyline, fears for the state of the global economy are looming over the World Economic Forum's Annual Meeting of New Champions in China.
Boris Johnson stole the show from David Cameron with a barnstorming speech at Mondays’ parade celebrating the sporting achievements of Britain’s Olympians and Paralympians, the FT reports.
Steve Wynn wins $20 million from Girls Gone Wild Joe Francis; GoDaddy suffers a denial of service attack; another Zynga departure and Moody’s cuts Panasonic debt rating.
Investors should be looking at European stocks for value and returns despite the higher risk associated with the region and overlook U.S. stocks, according to Peter Toogood, Director of Investment at Old Broad Street Research.
Europe’s big banks could be forced to ringfence trading assets under a plan emerging as the consensus recommendation of an EU-wide review of the structure of banking, the FT reports.
Ivan Glasenberg had argued for months that his offer for Xstrata of 2.8 Glencore shares for each of the London-listed miner's was 'generous', now questions have been raised over his climbdown, the FT reports.
George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. The FT reports.
After Thurday’s announcement by the president of the European Central Bank, Mario Draghi, in which he detailed the central bank’s pledge to buy government bonds of struggling euro zone countries, newspapers in Germany have hit out at the plan with surprisingly few exceptions.
The European Central Bank's bond buying program has been received with skepticism by the Bundesbank and the German press, but Chairmen of two major banks have come out to back Draghi's latest plan.
Nouriel Roubini, the economist known for his gloomy predictions, told CNBC Friday that he is still pessimistic on the outlook for the U.S. — and that he expects a further round of quantitative easing from the Federal Reserve in December.
President François Hollande’s socialist government was facing mounting questions on Thursday night over whether it was preparing to back down on its controversial 75 percent marginal tax rate for the rich, the Financial Times reports.
Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation, the FT reports.
The chief executive of the world's largest container shipping company Moeller-Maersk told CNBC that the company would not order any new ships this year.
Samsung has become the "undisputed king" of the Android smartphone industry, creating more profit from the software than Google, according to research.