Greek banks must find extra €14bn to survive dire economic downturn
Greece’s four main banks need to find another €14bn (£10bn) of reserves to ensure they could withstand an economic downturn, the European Central Bank...
Businesses in scope: Growth rates in the third quarter
With collapsing oil and energy prices, shifting demographics (rise in the retiring population vs fall in the working age population), and strong currencies, among...
Brazilian waxing and waning
IN THE past few years, Brazil’s economy has disappointed. It grew by 2.2 per cent a year, on average, during President Dilma Rousseff’s first...
Migrants pour into Greece as economy plunges
Facing possible drowning to escape the horror of war, migrants are trying their luck in Greek waters; writes Ameera Fouad
With the plight of war...
Greek shares plunge on first day of market reopen
The nation’s top four lenders - Piraeus Bank, National Bank, Alpha Bank and Eurobank - fell the most, all down 30%, the maximum allowed....
Greece Requests a Third Aid in Less than Five Years
In a decisive stride towards reforming its economic crisis , Greece, which has been bailed out by the European Union, European Central Bank and...
In Greece, Reforms ‘going to fail’
As the Greek increased Taxes, Former Greek Finance Minister Yanis Varoufakis has told the BBC that economic reforms imposed on his country by creditors...
Siemens wins UK wind power plant order
Siemens has clinched a major order from Dong Energy to construct an offshore wind power plant with a capacity of 580 MW in Britain.
As...
Greece in shock as banks shut
ATHENS: Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories on Monday as a breakdown...
Misr Italia confirms confidence in Egyptian economy
Misr Italia Group, real estate investment and development leader in Egypt, confirmed its confidence in the future of the Egyptian economy and its growth...