Pessimistic outlook of the eurozone’s economic recovery
European countries are becoming more pessimistic about the outlook of the eurozone’s economic recovery, reflecting that confidence did improve with the recent new stimulus...
Solar power will dominate electricity production by 2050
Energy from the Sun, i.e. solar power, will be the dominant source of electrical energy by 2050, says the International Energy Agency (IEA) in...
Encana buys Athlon for $5.93 billion in cash
Canada’s second-biggest natural gas producer, Encana Corp. announced that it has agreed to acquire Athlon Energy Inc. The $5.93 billion all-cash purchase will give...
South Africans warned of Change in Banking Details Scam
Banking customers in South Africa are being warned to protect themselves from the Change in Banking Details Scam. The South African Banking Risk Information...
INEOS to give 6 percent of shale gas income to homeowners
Swiss-based chemicals multinational INEOS Group Limited has announced it will give 6% of its shale gas revenues to communities, landowners and homeowners in the...
Lloyds bank dismisses eight employees over Libor and claws back bonuses
Lloyds Banking Group plc says it has dismissed eight employees following a probe into Libor manipulation, and has clawed back £3 million in bonuses.
The...
British manufacturers are overwhelmingly pro EU
The vast majority of British manufacturers would vote to remain in the European Union, a new survey found. UK manufacturers’ association EEF reported that...
Lufthansa pilots to strike on Tuesday
After talks on an early retirement scheme broke down, Lufthansa pilots say they will go on strike on Tuesday. All long-haul flights departing from...
Daiichi Sankyo agrees to acquire Ambit for $410 million
Daiichi Sankyo Co. has reached a takeover deal with Ambit Biosciences Corp. worth $410 million, a move that will expand Japan’s second largest drugmaker’s...
Apple accused of illegal tax deals with Ireland’s government
The European Commission is going to accuse Apple Inc. of exploiting illegal tax deals with Ireland’s government for over twenty years. The Cupertino-based iPhoner...