World & Politics NEWS

Slovenia to privatise 15 companies to avoid EU bailout

Slovenia’s government plans to dispose of 15 state-owned companies, including its second largest bank Nova KBM, largest telecommunications group Telekom Slovenia, flag carrier Adria Airways and Ljubljana Airport, as part of its efforts … Continue reading “Slovenia to privatise 15 companies to avoid EU bailout”


Global economy faces continued sluggish growth, according to Dun & Bradstreet

US commercial information provider Dun & Bradstreet (NYSE: DNB) said it has published a five-year forecast of the global economy predicting continued but sluggish growth against challenging headwinds, differing from region to region. D&B said … Continue reading “Global economy faces continued sluggish growth, according to Dun & Bradstreet”


UK prime minister pledges referendum on EU membership

The UK faces years of uncertainty over its place in the European Union, critics claim, after Prime Minister David Cameron promised to hold a referendum on membership of the EU. In a long-awaited … Continue reading “UK prime minister pledges referendum on EU membership”


US banks see higher earnings on capital market activity, mortgage refinancing

Increased capital market activity drove stronger earnings and increased profitability for major US banks in the third quarter of last year, according to ratings agency Fitch Ratings. Fitch said that strong debt issuance, … Continue reading “US banks see higher earnings on capital market activity, mortgage refinancing”


US Treasury sells remaining AIG shares for $7.6bn

New York-based insurer American International Group, Inc. (NYSE: AIG) has announced the completion of an offering of approximately 234.2m shares of AIG common stock by the US Department of the Treasury (Treasury). According to AIG, Treasury received proceeds of approximately USD 7.6bn from the sale. The sale … Continue reading “US Treasury sells remaining AIG shares for $7.6bn”


US economy poised for growth, but austerity threatens

According to a report from Canada-based financial services firm Toronto Dominion’s (TSX: TD) (NYSE: TD) US-based TD Bank’s TD Economics affiliate, the main obstacle standing in the path of faster US economic growth is a strong headwind … Continue reading “US economy poised for growth, but austerity threatens”


Unemployment in Spain reaches new heights as tourism trade slows

Unemployment in debt-ridden Spain rose by 1.7% in September, according figures released by the country’s Labour Ministry on Tuesday. The increase in unemployment last month follows an increase in August, with 4.7 million … Continue reading “Unemployment in Spain reaches new heights as tourism trade slows”


UK security firm G4S ignored warnings that could have prevented Iraq murders — report

In the wake of the Olympic Games vetting scandal, private security company G4S may have hoped that its period on the public rack had come to an end. But G4S’s vetting, it appears, … Continue reading “UK security firm G4S ignored warnings that could have prevented Iraq murders — report”


UK luxury retailer Burberry stops production in China on concerns over worker’s conditions

The British owned luxury goods manufacturer Burberry has pulled production of its bags from a factory in the Guangdong Province of China, the Bureau has learnt. The move follows concerns that working hours … Continue reading “UK luxury retailer Burberry stops production in China on concerns over worker’s conditions”


Closer fined €10k per day if it fails to deliver topless pictures of Kate Middleton

The French edition of Closer magazine, which last week published topless pictures of the Duchess of Cambridge, has been ordered to hand over the photographs by a court in France, it was revealed … Continue reading “Closer fined €10k per day if it fails to deliver topless pictures of Kate Middleton”


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