Emirates Airlines reported a 72 percent drop in 2011 earnings on Thursday, with rocketing fuel prices cutting into profits.
EBay subsidiary PayPal and Japanese telecom SoftBank will each invest $12.5 million in a joint venture to introduce PayPal’s mobile payments service to Japan.
Turkey and Indonesia could be the next economies to reach $1 trillion-status, Ruchir Sharma, author of "Breakout Nations: In Pursuit of the Next Economic Miracles", told CNBC.
With snap elections around the corner for Greece after five months of technocratic government, analysts worry migration will reach new peaks in 2012 — and that it is the brightest and best-educated who will leave, possibly for good.
Latin American countries like Peru could help Europe grow its way out of recession by providing profitable investment opportunities, Peruvian Minister for Finance Luis Miguel Castilla told CNBC on Tuesday.
UK public sector workers make less effort than those in the private sector, so should be forced to retire at a later age, veteran economist and strategist Roger Nightingale told CNBC Tuesday.
European Union leaders showed “moral decay” in delaying Greece’s bond swap deal in order to minimize the impact on the region’s banks, according to High Frequency Economics’ founder and chief economist, Carl Weinberg.