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Greeks earning ?42,000 to be taxed at top rate
Greeks earning more than €42,000 ($55,000) per year will now be taxed at a new top rate of 42 percent, under a major new tax reform bill submitted to ...
EU scores hat-trick with Greek, bank deals, Nobel
Finally, it has been a good week for Europe. After months of bitter debate, European Union countries finally reached two crucial agreements Thursday: ...
NHL labor talks wrap up with still no progress
Two days of talks between the NHL, the players' association, and federal mediators still haven't provided any answers how to end the lockout.
IMF's Lagarde praises Euro deal on bank oversight
The head of the International Monetary Fund on Thursday praised a deal inked by European Union governments to create a single supervisor for their ...
Europe shrugs at Berlusconi's political ambitions
Former Italian Premier Silvio Berlusconi's political ambitions got a huge yawn on Thursday from both the bond markets and his fellow European ...
Europe takes step toward more stable banks
The European Union has taken its big first step toward keeping busted banks from costing taxpayers billions and dragging down government finances.
Pentagon warns of higher bomb threat in drawdown
American and coalition forces in Afghanistan will be more vulnerable to deadly improvised explosive devices as the military draws down troops next ...
S&P puts UK's AAA rating on negative watch
The Standard & Poor's rating agency has put Britain's AAA long-term credit rating on negative watch because of fears that economic growth over the ...
German real estate booms as people seek security
Buying a home in Berlin is widely viewed as one of the safest investments a German, or any European, can make. That is why some real-estate experts ...
Market enthusiasm over Fed stimulus fades
Upbeat U.S. economic figures failed to restore strength to stock markets Thursday as investors monitored the progress of budget discussions in the U.S
Austrian province hit with huge financial loss
The government of Austria's Salzburg province has launched an investigation into its investment practices after a senior civil servant in the finance ...
Financial crisis explained to Queen Elizabeth II
In 2008, Queen Elizabeth II asked academics why no one saw the financial crisis coming. On Thursday, she finally got an answer. Sujit Kapadia from the ...
Top central banks extend dollar-lending program
Major central banks acted Thursday to try to shore up confidence in the global financial system by extending a program that makes it easier for banks ...
Glance: A look at the EU's key decisions in 2012
In a whirlwind of decision-making, ministers from the European Union's 27 countries agreed Thursday on the foundation of a fully-fledged banking union ...
A look at integration ideas EU leaders are mulling
European Union leaders, seeking to avoid a repeat of the crisis that has dogged the 27-country bloc for the past three years, are debating plans for ...
Discovery Channel close to deal on Eurosport
The parent company of the Discovery Channel is close to buying a stake in Europe's leading sports network, Eurosport. TF1, the Paris-based media group ...
Apple, e-book publishers, EU find competition deal
The European Union's competition watchdog has accepted proposals by four publishers and Apple to end agreements that set retail prices for e-books — ...
OPEC not concerned about US pickup in oil output
OPEC does not see increased U.S. oil output as a threat to its interests but is skeptical about current forecasts on the boom of American shale oil ...
Hockey fans fed up with ongoing NHL labor strife
Sitting in a hockey locker room, Steve Chase became the latest die-hard fan fed up with the NHL lockout. Living in Los Angeles, Chase believed the ...
US airlines to lead industry recovery in profits
U.S. airlines will lead a recovery in the global sector's profits next year, mainly thanks to cost cuts and restructuring measures taken to address ...
AirAsia orders 100 more A320s from Airbus
Airbus says AirAsia, southeast Asia's top budget carrier, is ordering 100 additional A320 single-aisle jets in a deal that greatly increases the ...
Oil slips on US talks impasse, weak demand outlook
The price of oil fell to near $86 a barrel on Thursday after critical budget negotiations in Washington reached an apparent impasse. By early ...
Italy raises cash easily as Berlusconi vacillates
Silvio Berlusconi's vacillations over whether or not to run for Prime Minister of Italy failed to dent investor demand for the country's debt, leaving ...
Spanish botched fresco artist sells work on eBay
The 80-year-old Spanish artist who became famous because of her botched restoration of a Christ fresco in a small-town church is auctioning one of her ...
Pennies over patriotism? Stars move to tax havens
France's Socialist government is introducing a 75-percent income tax on those earning over €1 million ($1.3 million), leading some of the country's ...