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Experience tells us that when employees are unhappy they look for new jobs. But what if that’s no longer true? What if, for a variety of reasons, dissatisfied employees are staying with their companies?
U.S. energy supplier PPL Corp is close to a $6 billion cash deal to buy the UK electricity grid distribution business of E.ON AG, according to people close to the deal.
Many economists think he should be the next person to run the European Central Bank. But among government leaders in Berlin and Paris, where many of Europe’s most important decisions are made, Mario Draghi, the governor of the Bank of Italy, generates a palpable lack of enthusiasm, reports the New York Times.
Royal weddings can generally be counted on to produce plenty of pomp and circumstance, not to mention — later on, of course — a possible future king or queen. In Britain, the approaching wedding of Prince William, second in line to the throne, to Kate Middleton, his longtime girlfriend, comes with a whole new set of expectations. The NYT reports.
As Chinese property prices skyrocket and with cooling measures put in place, more and more mainland buyers are finding more value in overseas markets.
A new law devised to help Greece crack down on tax cheats is only one of the many efforts Greek authorities have made over the past year to change what has long been a way of life in this country — rampant tax evasion. But so far, to little avail. The New York Times reports.
Click to see international political scandals that raised eyebrows and kept the tabloids in wide circulation.
The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.
The woes of WestLB, which has received $11 billion in taxpayer support since 2009, are symptomatic of a larger problem in the German economy. Many of its biggest banks are still on government life support after making bad lending bets during the bubble years. The New York Times reports.
Spiking inflation in the UK has just hit 4 percent—double the Bank of England's inflation target.
One of Fast Money's Pros reveals the bet hedge fund managers are making given rising global prices
The French financial markets regulator has begun to require hedge funds and other investment managers to disclose their short positions when they reach 0.5 percent of a company’s outstanding stock, reports the New York Times.
A central banker need not be loved, but at the least he should command respect — and in Britain these days Mervyn King cannot count on either, reports the New York Times.
Multimillionaire foreigners will find it easier to make a home in the UK under government plans to relax immigration rules for the super-rich. The Financial Times reports.
As protests continued for a 12th day, Egypt's newly named vice president and other top military leaders were discussing steps to limit President Mubarak’s decision-making authority and possibly remove him from the presidential palace in Cairo, the NYT reports.
Britons are much more hostile towards immigration than other developed nations, according to a poll of people in the US, Canada and across western Europe.
When the heads of the EU meet in Brussels on Friday, they will hear new ideas on how to save the euro, delivered by Mrs. Merkel and the French president, Nicolas Sarkozy, but written largely in Berlin, reports the New York Times.
As snow blankets the Northeast, the "Fast Money" traders consider whether the cold is throwing off economic figures.
Recent figures showing contracting in the UK economy were disappointing, but the data shouldn't stop plans to lower the deficit, UK Deputy Prime Minister Nick Clegg told CNBC.