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International

  • Eurozone exits recession faster than was expected

    Eurozone exits recession faster than was expected

    Stronger growth in the eurozone’s two largest economies, Germany and France, helped the eurozone to emerge from its longest recession to date in the second quarter, confirming expectations a fragile recovery was under way. It took seven quarters...

  • BP sues US over contract suspensions after Gulf oil spill

    BP plc is suing the US Government for barring the British oil giant from obtaining new federal contracts after the company pleaded guilty to charges related to the 2010 rig explosion in the Gulf of Mexico. The suit, filed in US District Court in...

  • Weak outlook for rapid-growth markets

    Weak outlook for rapid-growth markets

    A weak recovery in trade and investment across rapid-growth markets will keep the outlook in 2013 subdued, according to EY’s quarterly Rapid-Growth Markets Forecast (RGMF). Recent weeks have witnessed a reversal of portfolio flows from developed...

  • Never a dull meeting

    Never a dull meeting

    Although it is rare nowadays to step into a coffee shop without seeing at least one meeting in full swing, flexible working for some executives can be more of an intrepid experience. In a new global survey, they have revealed that they are all but...

  • 3D printing technology on catwalk

    3D printing technology on catwalk

    Dutch designer Iris van Herpen has unveiled a new piece at the Paris Fashion Week for Haute Couture created using 3D printing technology from Belgian company Materialise. The design was made using a cutting-edge application of the technology,...

  • Expansion is back on the agenda – Deloitte CFO survey

    Expansion is back on the agenda – Deloitte CFO survey

    Chief Financial Officers (CFOs) of big businesses are shifting towards expansionary strategies and are more willing than ever to take on risk, according to the latest Deloitte CFO Survey in the UK. The Q2 2013 UK CFO Survey, which gauged the views...

  • HSBC reaches a $1.92-billion money-laundering settlement

    A federal judge has approved HSBC Holdings’ record $1.92 billion settlement with federal and state investigators on charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions. While...

  • Nigeria $1bn Eurobonds oversubscribed

    Nigeria $1bn Eurobonds oversubscribed

    Nigeria comfortably raised $1 billion in its return to the Eurobond market on Tuesday, taking advantage of a short period of relative calm in otherwise turbulent markets to issue both a long and shorter-dated bond. The issue was four times...

  • Eurozone recovery to be slow and painful – E&Y

    Eurozone recovery to be slow and painful – E&Y

    The negative impact of a weaker international environment on exports and ever higher unemployment numbers weighing on demand will continue to dampen growth, extending the recession further this year than previously predicted. Despite some positive...

  • Piracy surge endangering commodities shipping

    Piracy surge endangering commodities shipping

    Pirate attacks off West Africa’s mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping of commodities from the region. The Gulf of Guinea, which includes Nigeria, Ghana and...

  • European car sales hit 20-year low

    European car sales last month plunged to the lowest level in two decades for May, further eroding manufacturers’ hopes for a recovery this year. Germany, France and Italy, accounting for about half of the embattled region’s sales, suffered...

  • Saudi prince planning mile-high tower

    Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world’s largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world’s tallest building by...

  • EasyJet expand fleet with Airbus

    EasyJet expand fleet with Airbus

    British budget airline EasyJet plc said it would expand its fleet with more Airbus jets, with an order for 35 current generation A320 aircraft and 100 new generation A320neo. The A320 aircraft would be delivered between 2015 and 2017 under an...

  • Premier League clubs’ revenues increase 4%

    Premier League clubs’ revenues increase 4%

    Premier League clubs’ revenue reached a record £2,360 billion in 2011/12, according to the 22nd Annual Review of Football Finance from the Sports Business Group at Deloitte. In total, the revenue of the top 92 clubs in English football exceeded...

  • EU unveils action plan for Europe’s ailing steel sector

    The European Commission announced an array of recommendations on Tuesday to revive Europe’s steel industry, hurt by tumbling demand and plant closures. The “EU steel action plan” is the first comprehensive attempt by the Commission to stem a...

  • Foreign investment into Europe holds up in 2012

    Foreign direct investment (FDI) into Europe held up in 2012 despite the ongoing economic problems in the eurozone, according to Ernst & Young’s annual European Attractiveness Survey. This report, now in its 11th year, combines an analysis of...

  • China hits back at EU wine over solar panel duties

    China hits back at EU wine over solar panel duties

    China hit back at European wine exports yesterday in response to the EU’s decision to impose duties on imports of Chinese solar panels, as tensions increased between two of the world’s biggest trading blocs. In a step targeting Southern European...

  • Tesco recovery in doubt as UK sales resume slide

    Tesco recovery in doubt as UK sales resume slide

    Tesco, the world’s no.3 retailer, posted a drop in quarterly underlying sales in its main British market, resuming a trend seen for most of the past three years and raising doubts about its £1 billion turnaround plan. The supermarket group...

  • Apple infringes Samsung patent on older iPhones, iPads

    Samsung Electronics scored a victory over rival Apple Inc. in their long-running dispute over mobile device patents after a US trade agency issued an order banning older but still-popular Apple products from the US market. The US International...

  • US Vice President Biden in Brazil to boost business

    US Vice President Joe Biden began a three-day visit to Latin America’s biggest country yesterday to meet Brazilian Government and business leaders as Washington gears up for a state visit by President Dilma Rousseff later this year. The trip, part...

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