AstraZeneca rejects another Pfizer offer
AstraZeneca rejects another Pfizer offer, possibly putting an end to the world's largest drugmaker's quest to takeover Britain’s second largest pharmaceutical company. The new...
Food security down in Q1 2014
Bad weather, geopolitical problems, plus a 7.5% rise in cereals prices led to a fall in food security in almost 70% of nations in...
UK housing market set to burst?
Mark Carney, Governor of the Bank of England, warns that the UK housing market poses the greatest risk to the country’s long-term recovery and...
Pinterest five billion valuation raises another $200 million
Social media website Pinterest announced it has raised another $200 million at a $5 billion valuation. Analysts predict Pinterest is set for a large...
World economic forecast slightly down
The world economic forecast is marginally down, according to the Ifo Index, which declined to 102.3 points from 103.2. Although the six-month economic outlook...
Is the Ukraine conflict a Western European gas shortage risk?
There is a risk of a Western European gas shortage if Ukraine channels off deliveries for its own use following a cut-off of supplies...
Brazilian pessimism grows, says The Conference Board
Brazilian pessimism grows as its Leading Economic Index (LEI) fell -0.4% in April, 2014, after declining -0.3 in March and -0.6 in February. In...
General Motors fine for recall delays
A $35 million General Motors fine for delays in recalling small vehicles with defective ignition switches has been announced by the National Highway Traffic...
European car sales up 4.6 percent in April
European car sales increased by 4.6% in April 2014 compared to April 2013, its eighth successive month of growth, but down on March’s 10.6...
Greek red tape costing hundreds of millions of euros
Greek red tape is costing businesses hundreds of millions of euros each year and undermining their competitiveness, says a new OECD (Organization for Economic...