Scottish politicians accused George Osborne of using North Sea resources to “fuel his Budget”, saying the chancellor had given too little in return for his unexpected £2 billion tax raid on the oil and gas industry, reports the Financial Times.
Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.
Credit Suisse boss Brady Dougan took $14 million in pay in 2010, despite the bank's shares losing a quarter of their value, while rival UBS CEO Oswald Gruebel waived his bonus after a much smaller share price fall.
Attempts by Germany to renegotiate the structure of the European Stability Mechanism (ESM) just as markets believed things had been settled at the meeting of euro zone leaders last week are an "ominous sign," Simon Derrick, the head of research at Bank of New York Mellon, wrote in a market note.
"Crito, we owe a rooster to Asclepius. Please, don't forget to pay the debt." According to Plato, these were the last words of the Greek philosopher Socrates, following his decision to drink poison rather than try and pay off the guards and escape from prison.
This was pegged as the summit to end all summits; the end of the euro-zone debt crisis; a clear road map for the future.
German Chancellor Angela Merkel has deeply strained relations with allies in the European Union and the NATO alliance, raising new questions about Germany’s ability to play a global role in foreign policy, the New York Times reports.
The German public opinion is increasingly against the idea of paying to save the weaker euro zone periphery member countries, Erik Nielsen, chief European economist at Goldman Sachs, told CNBC.
When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland, reports the Financial Times.
Plans to develop new nuclear reactors may have to be put on hold until world leaders assess the causes of Japan's nuclear disaster and how to prevent a repeat of the accident, Luis Echavarri, director of the OECD's Nuclear Energy Agency told CNBC.
Warwick Castle – situated in the center of England and promoting itself as ‘Britain’s Ultimate Castle’ - is currently recruiting for a Consultant Dragonologist.
As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.
Markets have cheered a surprisingly broad European package of measures to tackle the government debt crisis that has over the past year threatened the existence of the euro currency.
The US vice-president has warned Russia it risks scaring away investors unless it moves to strengthen the rule of law and introduce political reforms.
Local residents in a small town north of Athens, angry at losing their exemption from paying tolls for using a 500m stretch of motorway, raised a banner saying “Den Plirono” (“I won’t pay”). In four months, Den Plirono has grown to a nationwide anti-austerity movement, reports the Financial Times.
New rules capital requirement for banks in Spain come into force on Thursday and Spain's vulnerable savings banks are looking around for any extra cash.
When I was an undergraduate studying economics, our political economy teacher used to ask us just how many different types of deodorant society needed.
Russia, which pumps more oil than Saudi Arabia, is reaping a windfall from the steep rise in global energy prices resulting from instability in oil regions of the Middle East and North Africa. The New York Times reports.
After announcing a deal with the Irish government to buy the country’s largest savings bank, legendary investor Wilbur Ross, chairman and CEO of W.L. Ross & Co., told CNBC Monday that the European nation will have a V-shape recovery.
Two GDP reports rankle and oil continues to ripple through the currency markets. Here's your Friday FX Fix.