Greek Finance Minister Yanis Varoufakis insists he did nothing wrong running a secret project over a possible Grexit, The Financial Times reports.» Read More
India's lucrative outsourcing industry struggled Thursday to overcome Internet slowdowns and outages after cuts in two undersea cables sliced the country's bandwidth in half.
The Austrian capital is the city where the old EU meets the new EU. Teeming with international organizations, it's also the city that was the first to foray into Eastern European banking and the destination for tasty pastry.
Northern Rock threatens to withhold coffee unless angry shareholders wrap things up on time. Metaphors of dogs on leashes and captains of ships fly, as a beleaguered chairman faces the silky eloquence of activist investors.
Corporate general meetings usually have all the excitement of televised curling, but Northern Rock's extraordinary meeting will live up to its name as gun-slinging institutional investors take on the company's board.
It's that time of the year again, when Germany's trade unions traditionally put their wage demands on the table for the opening rounds of the annual ritual that is called "collective wage bargaining". And, with the economy growing at a robust pace still and with corporate profits on the rise, the voice of the unions is getting louder again. We've already had some taste of strike this season. Is there more to come?
We won't see it here in the states anytime soon and there are still plenty of questions about how much of a market there is for this pint size car. Still, the new Nano by Tata is getting big buzz. The company unveiled the car yesterday in India, and since its reveal I've been inundated with questions from other bloggers...
Britain's biggest brewer Scottish & Newcastle rejected a raised bid from Carlsberg and Heineken at 780 pence a share, or 7.6 billion pounds ($14.9 billion) on Thursday, and said it would only talk if the offer was at least 800p, heightening the prospect of the bid failing.
An evocative smell from childhood can quickly trigger the realization that cost cutting is not a strategy, but a reaction that, without corresponding investment, will doom industries.
With the benefit of 20/20 hindsight we turn our attention to some of the big predictions of 2007 and whether investors might have been better off just rolling the bones.
How did you do this year? Was it Germany, up 22%, or Italy, down 7%? The past year turned out to be a game of two halves and the footballing metaphor has become the favorite shorthand among the strategists for 2008. That almost certainly means it won't be, but let's run with the metaphor for a little while longer.
With Detroit and much of the auto industry shut down this week and gearing up for the Detroit Auto Show next month, I thought it would be a good time to take a few minutes and share my Christmas wishes for the auto world. I hope Santa brings you everything you want.
Instead of beating the drum for the greatness of the single European currency, the last missive was a demand for European companies to quit blaming the strong euro for what are their own mistakes. But some readers took umbrage.
France's biggest retail bank Credit Agricole said on Thursday it would book a 2.5 billion euros pre-tax writedown in 2007 due to the credit crisis gripping global financial markets.
Hedge wise and sleep well. Or, as they say in German: Gut gehedged ist halb gewonnen! Silvia Wadhwa gives her take on the single currency.
This could be one of the least controversial EU summits in recent memory. With the Treaty signed in Lisbon Thursday European leaders seem to have very little left to fight about. Indeed, rather than hanging around until 5:30 this evening, when the Brussels summit was due to wrap, they seem ready to head off for the weekend early.
The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.
So they have finally done it! European leaders gathered in Lisbon on Thursday to sign the new European Treaty, which it is hoped will streamline the EU's decision making process.
"Drat!" you say. "Yawn! Not more morning notes. Not another string with market pearls of wisdom I might have to read."Fear not! I threaten you only with idle thoughts and random contemplations from the other side of the Big Pond (from beyond the Channel even). In other words, from parts of the world where a Hamburger doesn't necessarily come as a snack between two bits of a soggy roll, where a Frankfurter might well eat a wiener, and where cars -- oh, bliss! -- generally have a stick shift and a clutch!It's also from a part of the world -- eat your heart out, friends from the British Isles -- where you can travel from country to country without ever showing your passport and, more to the point, never have to change your money.OK, that also means the land where battalions of politicians argue passionately over the size, color and bending-angle (seriously!) of bananas, about what exactly passes for a standard-size €uro condom and acceptable work practices for a €uro chimney sweep. If that doesn't justify the title of this blog -- €urocentric -- then I don't know what does.
The Austrian running the world's largest food group talks about trust and the need to delegate in order for an organisation of Nestle's complexity to succeed. Peter Brabeck also hits back at critics of his decision to take the dual mandate of Chairman and CEO, whilst rebuffing journalists who write he's chosen the wrong candidate to succeed him as CEO.
The father of private equity in Europe, and 'bankroller' of UK Prime Minister Gordon Brown within his Labour Party, talks passionately to Simon Hobbs about what it really takes to be an entrepreneur and why society may explode in violence if the private sector does not do more.