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Cyprus bailout: Depositors face tax, hurry to withdraw cash
Stephen Beard Mar 18, 2013
Financial markets in Asia and Europe fell sharply today thanks to the unusual terms of the EU bailout of Cyprus. A tax of up to 10 percent on bank deposits in Cyprus was proposed to defray some of the cost of the bailout.
5 things you need to know about Cyprus' economy
Katie Long Mar 18, 2013
As Cyprus debates a controversial bailout plan to tax savings accounts, here are the five things you need to know about Cyprus, its economy, and why it is important to the global economic recovery.
Zara-owner Inditex translates fast-fashion into big profits
Stephen Beard Mar 13, 2013
The Spanish company Inditex, which owns Zara among other chain stores, has just unveiled an impressive set of figures: a 22 percent jump in profits.
Uncertainty in Italy radiates to eurozone
Jeremy Hobson Feb 26, 2013
Poll results in Italy show power is split between a number of parties, including one led by former Italian Prime Minister, Silvio Berlusconi.
Italy election deadlock reignites debt crisis fears
Christopher Werth Feb 26, 2013
The European debt crisis has calmed down a lot in the past few months, but elections in Italy have ended in deadlock and uncertainty is back.
With no clear victor, uncertainty wins Italy's election
Mark Duff Feb 26, 2013
Global stock markets are falling this morning after preliminary election results in Italy indicate no political party won a clear majority in parliament.
Italy election: Bombastic billionaire Berlusconi versus austerity
Stephen Beard Feb 22, 2013
Italian media magnate and former Prime Minister Silvio Berlusconi is seeking re-election at the polls this weekend. But will the country take him back or stick with their austerity agenda?
Europe faces up to the cost of austerity
Christopher Werth Feb 22, 2013
Today, the European Commission said the euro zone will shrink another 0.3 percent in 2013, which is deeper and longer lasting than originally expected.
The European debt crisis claims a new victim: Bulgaria
Stephen Beard Feb 20, 2013
After clashes between police and protesters became violent, Bulgarian Prime Minister Boyko Borisov submitted his resignation today in what has become the latest example of voters rising up against budget cuts and winning.
France's president says no to 'endless austerity'
Bethany Bell Feb 5, 2013
Francois Hollande gives his first speech to the European Parliament as head of state.
