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Moody's upgrades Portugal's debt rating

Credit ratings agency Moody's has upgraded Portugal's debt evaluation by one notch. The agency cited a more stable financial outlook, with Lisbon now enjoying renewed ... more >>
 

Erdogan inaugurates first high-speed rail between Ankara and Istanbul

Turkish Prime Minister Recep Erdogan has inaugurated the first high-speed train link between his country's two major cities, Ankara and Istanbul. It was a prestige ... more >>
 

100 percent renewable energy scenario for California

California could meet its energy needs with renewables alone, according to Stanford University researchers. The authors of a recent study say a transition scenario is ... more >>
 

McDonald's Japan says no more Chinese chicken

A food safety scandal in eastern Asia has escalated as McDonald's Japan said its restaurants had taken products made with Chinese chicken off the menu. The chain's ... more >>
 

Russia raises main interest rate in surprise move

Unexpected by analysts, Russia's central bank has again raised its main interest rate. The lender said it needed to shield the national economy from tightening ... more >>
 

From the archive: The war and the panic

On July 28th 1914 Austria-Hungary declared war against Serbia. As our article from August 1st 1914 feared, the war quickly escalated when on that same day Germany, ... more >>
 

German economic indicators send mixed signals

The Ukraine conflict is weighing on the German business mood, driving down for a third consecutive month a relevant index by the Ifo institute. But the crisis talk is ... more >>
 

German business hardens stance on Russia sanctions

A major German business group has come out in favor of tougher action against Russia over the Ukraine conflict. The group represents German exporters to eastern ... more >>
 

Murdoch consolidates European pay-TV assets under BSkyB

BSkyB, a British pay-TV company controlled by media magnate Rupert Murdoch, has agreed to buy Murdoch-controlled sister companies Sky Italia and Sky Deutschland. The ... more >>
 

Amazon posts losses despite revenue spike, shares suffer

Online retail giant Amazon has reported a remarkable boost in sales for the second quarter, but still posted a nine-figure net loss. The company cited investment for ... more >>
 

Espirito Santo Group: How it all started

Two linked companies, Espirito Santo Group and RioForte, have applied to Luxembourg courts for protection from their creditors in recent days. The Portuguese family ... more >>