World news about “Financial Crisis”, including breaking news and archival articles published by euronews.
Catalunya works despite a trembling economy In the midst of a global economic crisis, where does a leading carmaker choose to build a new model? Spain! 24/04/2009 - tag: Financial Crisis
Eurozone unemployment hits 9.7%Unemployment in the eurozone reached 9.7 per cent last month, that is its highest level in nearly 11 years. Spain… 30/10/2009 - tags: Eurozone, Unemployment, Financial Crisis
Norway first EU country to raise interest ratesNorway has become the first European country to raise its interest rates since the financial crisis bit hard a year… 28/10/2009 - tags: Norway, Economy, Financial Crisis
Dutch financial services group INGDutch financial services group ING has announced that it will divide itself into separate companies, splitting its… 26/10/2009 - tags: Insurances, Financial Crisis
SocGen raises cash to repay aidFrench bank Societe Generale is to sell 4.8 billion euros worth of new shares. The cash raised will be used to… 06/10/2009 - tags: Banking, France, Financial Crisis, Societe Generale
EU wants financial super-watchdogTrying to prevent a repeat of the economic crisis, the European Union is proposing a total overhaul of the way banks… 23/09/2009 - tags: EU Commission, Financial Crisis
Brussels’ battle against bankers’ bonusesA curb on bankers’ bonuses looks more likely after EU leaders agreed on a common stance ahead of a G20 summit next… 18/09/2009 - tags: Banking, European Union, Financial Crisis, Angela Merkel, Nicolas Sarkozy
EU calls for banking bonus capsEurope has made it quite clear it will try to get the United States to agree to strict rules putting a lid on bonuses… 17/09/2009 - tag: Financial Crisis
Americans told recession is probably overThey are the words Americans have been waiting to hear: their worst recession since the Great Depression is likely to… 16/09/2009 - tags: Federal Reserve, Financial Crisis, Ben Bernanke
Lehman victims demand their money backOne year on from the collapse of Lehman Brothers, which marked the start of the financial meltdown, the bank’s former… 16/09/2009 - tags: Banking, Financial Crisis, Demonstration
Obama: financial sector must “heed lessons”On the first anniversary of the collapse of the investment bank Lehman Brothers, and the start of the global financial… 15/09/2009 - tags: USA, Financial Crisis, Barack Obama
New values in Iceland after meltdown?One of the countries in Europe where people’s lives have been dramatically changed by the financial crisis is Iceland… 15/09/2009 - tags: Iceland, Financial Crisis
Obama pushes Wall Street reformUS President Barack Obama has urged the financial industry not to resist his attempts to overhaul the regulations… 14/09/2009 - tags: USA, Financial Crisis, Barack Obama
Have the lessons of the subprime crash already been forgotten?The first victims of the economic crisis were the brokers and traders of Wall street who lost their jobs. But… 14/09/2009 - tags: USA, Financial Crisis, Wall Street
Obama to relaunch Wall St reformPresident Obama will try to revive an overhaul of US financial institutions today – a year after the collapse of one… 14/09/2009 - tags: USA, Financial Crisis, Wall Street
Global economic crisis – one year onIt is a year since the failure of one of America’s most historic banks – Lehman Brothers – a day seen by many as the… 14/09/2009 - tags: Banking, Financial Crisis, Anniversary
G20 ministers plan to get tough with banksG20 finance ministers have agreed a series of measures to curb the bankers’ bonus culture And, at the end of a two-day… 06/09/2009 - tags: Financial Crisis, G20, United Kingdom
G20 ministers back curbs on bankers’ bonusesG20 finance ministers have agreed on a series of measures to curb the bank bonus culture and new lending rules to… 05/09/2009 - tags: Financial Crisis, G20, United Kingdom
Bertelsmann issues loss warningGerman media group Bertelsmann has said a continued slump in advertising markets means it may suffer a net loss this… 31/08/2009 - tags: Germany, Economy, Financial Crisis
Record deflation in JapanJust days before Japan’s general election, new figures showed record deflation there and the politically sensitive… 28/08/2009 - tags: Japan, Unemployment, Financial Crisis
Markets rally amid Bernanke optimismThe chairman of the US Federal Bank has given his strongest indication yet that he thinks the global recession could be… 22/08/2009 - tags: Economy, Financial Crisis, Jean-Claude Trichet
Japan follows France and Germany out of recessionAfter last week’s unexpected positive growth in the German and French economies, Japan has now followed suit and… 17/08/2009 - tags: Japan, Financial Crisis, economic growth
Spanish prisoners of recessionThe green shoots of recovery reported in France and Germany are yet to be seen in Spain with the country locked in the… 14/08/2009 - tags: Unemployment, Economy, Financial Crisis, economic growth
Spanish recession set to continueSpain remains mired in economic recession according to its national statistics institute. The country’s economy… 14/08/2009 - tags: Unemployment, Economy, Financial Crisis, economic growth
Icelanders protest bank repayment schemeHundreds of Icelanders descended on parliament in Reykjavik, to protest plans to repay funds lost by Britain and the… 14/08/2009 - tags: Iceland, Economy, Financial Crisis
Germany and France climb out of recessionA surprise return to growth for the German and French economies has lead some to hope for a Europe-wide recovery to… 14/08/2009 - tags: Europe, Financial Crisis, economic growth
Germans lose appetite for beer!Their country is famous for its beer the world over, but Germans’ appetite for ale looks to be drying up. In the… 05/08/2009 - tags: Food, Germany, Financial Crisis
UK economic contraction worse than fearedBritain’s economy shrank more than twice as fast as was expected in the second quarter of this year. Gross… 24/07/2009 - tags: Financial Crisis, business, Crisis
UK budget deficit balloonsSlumping tax revenues and higher unemployment benefit claims helped push Britain’s budget deficit to a record high in… 21/07/2009 - tags: Economy, Financial Crisis, United Kingdom
Swift moves promised to tighten EU financial rulesSweden’s Prime Minister has promised to move quickly to secure EU agreement on ways to tighten financial regulations in… 15/07/2009 - tags: EU Presidency, Climate, Financial Crisis, Sweden
Rival to rich nations’ summit opens in EgyptOnly days after a summit of the G8 group of rich nations, a rival conference of developing countries is taking place in… 15/07/2009 - tags: Cuba, Egypt, Financial Crisis
French workers threaten to blow up factoryFrench workers at a bankrupt car-parts company are threatening to blow up their factory if they do not receive… 13/07/2009 - tags: France, Industry, Financial Crisis
Pay up or the factory gets itWorkers at a bankrupt car-parts company are threatening to blow up their factory if they don’t receive 30,000 euros in… 13/07/2009 - tags: France, Unemployment, Financial Crisis
‘New GM’ set to roll outGeneral Motors has moved a step closer to solvency. A bankruptcy court judge has said yes to the carmaker’s most… 06/07/2009 - tags: Cars, USA, Financial Crisis
Banks told lend more moneyWorld economic leaders are telling the commercial banks to must lend more. They say that is the best way to… 06/07/2009 - tags: ECB, Financial Crisis, World Bank
UBS to raise capital, warns of lossesSwiss bank UBS plans to raise almost 2.5 billion euros by selling new shares as it forecast a net loss for the second… 26/06/2009 - tags: Banking, Financial Crisis
Keep stimulus going says BlanchardThere is probably no one in the world who has more economic data at his disposal to monitor the economic crisis. That… 24/06/2009 - tags: IMF, Financial Crisis
UN assesses economic crisis impact on poorThe impact of the financial crisis on developing countries comes under the spotlight at a three-day UN General Assembly… 24/06/2009 - tags: Food, Economy, Financial Crisis
Latvians brace for tough times as austerity bitesThese are lean times in Latvia. People in the Baltic state are being asked to tighten their belts after the parliament… 17/06/2009 - tags: Developpment Aid, IMF, Financial Crisis
July pay grounded in crisis-hit British AirwaysBritish Airways, one of Europe’s biggest airlines, has asked staff to work for free next month as part of what… 17/06/2009 - tags: Airlines, Financial Crisis
Commuter misery as Tube workers go on strikeMillions of commuters face travel misery as London Underground workers go on a 48-hour strike. It started at 7pm… 10/06/2009 - tags: Financial Crisis, Jobs, United Kingdom
Protecting EU financial interestsSet up after the resignation of the Santer Commission due to allegations of corruption and nepotism, the European… 10/06/2009 - tags: EU Commission, European Union, Financial Crisis
Arcandor on brink of bankruptcyWith time running out for German retailer Arcandor to avoid bankruptcy, thousands of the company’s workers have marched… 08/06/2009 - tags: Germany, Financial Crisis
Rio dumps Chinalco for BHPMining giant Rio Tinto has scrapped a 13 billion euro tie-up deal with China’s Chinalco. It is forming a joint… 05/06/2009 - tags: China, Financial Crisis
Arcandor seeks bail out.The company which owns Germany’s Karstadt department-store chain,is seeking a 437 million euro bailout from the… 05/06/2009 - tags: Germany, Financial Crisis
US jobless claims fallThere are signs the recession is losing its force in the United States with jobless claims falling steeply… 05/06/2009 - tags: USA, Financial Crisis, Jobs
Interview: Christine Lagarde, French Economy MinisterThe world is weighed down by financial, economic and social crises. The G20 summit in London promised reform of the… 04/06/2009 - tags: Europe, France, Financial Crisis
GM closer to bankruptcyGeneral Motors is heading down the road to bankruptcy protection from its creditors. That is because the… 27/05/2009 - tags: Cars, USA, Financial Crisis
German Q1 GDP slumpsA record slump in exports and investment caused Germany’s economy to shrink in the first quarter at its fastest pace… 26/05/2009 - tags: Germany, Economy, Financial Crisis
Russian economy shrinks ten per centFigures out today show how hard the world economic slump has hit Russia. The gross domestic product declined by… 26/05/2009 - tags: Russia, Financial Crisis
Ukraine’s economy under pressureUkraine’s economy seems to be in free-fall from its currency and fiscal crisis. The country’s president, Viktor… 25/05/2009 - tags: Ukraine, Economy, Financial Crisis
Russian GDP set to fall furtherWith the Russian commodity based economy shrinking, President Dmitry Medvedev has warned his government to curb… 25/05/2009 - tags: Russia, Economy, Financial Crisis
Sales slump pushes Panasonic into lossPanasonic has become the latest electronics maker to report huge losses due to weak demand, price falls and hefty… 15/05/2009 - tag: Financial Crisis
IMF head upbeat on recoveryThe head of the International Monetary Fund believes the global economic could start to make a recovery by October or… 15/05/2009 - tags: IMF, Financial Crisis
Barclays could sell BGIUK bank Barclays has confirmed it has received an “unsolicited” approach about selling its prized asset management arm… 15/05/2009 - tags: Banking, Financial Crisis
Iberia’s loss worse than expectedThe financial turmoil in the skies continues. Spain’s Iberia said it suffered a first quarter operating loss of… 12/05/2009 - tags: Financial Crisis, Profits
French cities too saw surges of public angerFrench cities have also seen public anger taken to the streets.Unions said nearly 300 May Day marches were organised… 01/05/2009 - tags: France, Financial Crisis
Japan slashes economic hopesJapan’s government has slashed its economic forecast. It says GDP would shrink bz 3.3 percent over the next year… 27/04/2009 - tags: Japan, Financial Crisis
Recession is a human disaster for Third WorldA less-than-united front has appeared among world finance leaders attending the IMF’s Spring meeting this weekend in… 27/04/2009 - tag: Financial Crisis
French workers trash buildings over layoffsIt was the final straw for a group of French factory workers – their legal bid to block the planned closure of their… 22/04/2009 - tags: France, Financial Crisis
ECB and IMF heads give recovery viewsThe head of the European Central Bank is leading calls for bold action to ensure the global economy recovers by next… 17/04/2009 - tags: ECB, IMF, Financial Crisis
Spain’s Economy Minister sacked in anti-crisis moveVeteran economy minister Pedro Solbes has been cast out of Spain’s cabinet in a reshuffle aimed at reviving a… 07/04/2009 - tags: Economy, Financial Crisis
Further growth downgradesThe Organisation for Economic Co-Operation and Development has sharply downgraded its predictions for economic growth… 31/03/2009 - tags: Financial Crisis, OECD
Berlin gives Opel sixty days to surviveSome workers at German carmaker, Opel, have welcomed the sacking of the head of its US owners General Motors. “… 30/03/2009 - tags: Cars, Financial Crisis
Obama outlines tough measures for US car makersUS President Barack Obama has warned painful restructuring is needed before more tax payers money will be handed over… 30/03/2009 - tags: Cars, USA, Financial Crisis
Peugeot Citroen gives Streiff the boot over poor sales The sacked chief executive of France’s leading… 30/03/2009 - tags: Cars, France, Financial Crisis
Renewed calls for a fundamental financial shake-upThere have been more calls for a new world financial order – this time at a meeting of centre-left governments in… 28/03/2009 - tags: Chile, Financial Crisis
Netherlands unveils stimulus planThe Dutch government is planning to spend six billion euros over the next two years to stimulate the country’s economy… 25/03/2009 - tags: Netherlands, Financial Crisis
Europe rejects US stimulus boost callsEurope continues to resist US calls to increase government spending on anti-recession stimulus plans… 25/03/2009 - tags: European Union, USA, Financial Crisis
AIG bosses give their bonuses backMany of the executives at US insurer AIG who received bonuses have said they will repay the money. Of the 20… 24/03/2009 - tags: USA, Financial Crisis, AIG
Bonus return requestedNetherland’s based financial group ING is asking hundreds of its staff to give back their bonus payments for last year… 23/03/2009 - tags: Netherlands, Financial Crisis
Deal reached on new Hungarian PMHungary’s governing Socialist party and its former Liberal allies have agreed to back a new government led by a… 23/03/2009 - tags: Hungary, Financial Crisis
Topolanek: No big bailout for East EuropeCzech Prime Minister Mirek Topolanek has reiterated opposition to an economic rescue plan for Eastern Europe. His… 19/03/2009 - tags: EU Summit, Financial Crisis, G20
Bailed out insurer AIG hit by claw-backThe struggling US insurance giant AIG will have to return bonuses paid out after public money was poured in to save the… 18/03/2009 - tags: Insurances, USA, Financial Crisis
Shell keeps growth targetsRoyal Dutch Shell has said it is not going to scale back its medium term production growth targets as several of its… 17/03/2009 - tags: Oil, Financial Crisis
Tax haven centres fall into lineBig tax haven centres, Austria, Switzerland and Luxembourg, are the latest countries to agree to concessions on bank… 13/03/2009 - tags: Switzerland, Financial Crisis
Chinese Premier: “More stimulus packages, if crisis bites harder”It was business as usual, as China’s ceremonial parliament wrapped up its annual session. Delegates… 13/03/2009 - tags: China, Financial Crisis
France, Germany reject US push for more spendingTop officials from the world’s major economic powers gather today to prepare April’s G20 summit, with France and… 13/03/2009 - tags: France, Financial Crisis
Shrinking fortunes of world’s billionairesIt may not exactly be a riches to rags story but Forbes magazine is reporting a fall from grace for many of the world’s… 12/03/2009 - tag: Financial Crisis
Bank secrecy laws start to easeAs the financial crisis prompts hard-up western governments to more aggressively seek out tax evaders, Liechtenstein… 12/03/2009 - tags: Taxes, Financial Crisis
Madoff facing 150 years behind bars if found guiltyBernard Madoff, the investor accused of an unprecedented 40 billion euro financial swindle, has been charged with 11… 11/03/2009 - tags: USA, Financial Crisis
No real recovery until 2010Finance ministers from the Eurogroup – the countries using the euro – have been meeting in Brussels amid continuing… 10/03/2009 - tag: Financial Crisis
Municipal Money Mess puts Towns in TroubleIt is not just banks and business being hit by the world financial crisis. Towns and cities in Europe are seeing their… 06/03/2009 - tag: Financial Crisis
Economic moves to avoid China crisisThe economic crisis is so widespread, it is even touching on recurring political themes in China. At the opening of… 05/03/2009 - tags: China, Economy, Financial Crisis
Of the european markets London did the best midweekBouncing nearly four percent after the bloodbath of the last few days, although Frankfurt rose by more, over five… 04/03/2009 - tags: Markets, Economy, Financial Crisis
Europe sets out its financial regulation model.The European Commission has outlined its plans to make financial markets safer for investors. One of the key… 04/03/2009 - tags: European Union, Financial Crisis
HSBC to sell new shares and cut jobsEurope’s biggest bank, HSBC, is taking drastic measures to offset a massive fall in profits. The London based… 02/03/2009 - tag: Financial Crisis
HSBC issues shares, cuts jobs as losses mountsHSBC, Europe’s biggest bank is taking drastic measures to offset heavy losses. The British company is trying to raise… 02/03/2009 - tag: Financial Crisis
Latvia: on the brink of collapseWhen Valdis Dombrovskis was named Lativia’s Prime Minister-designate last week, one of the first things he said… 01/03/2009 - tags: Latvia, Economy, Financial Crisis
Protestors perform outside Berlin talksNo financial get-together of world leaders would be complete without its protests. Anti-globalisation… 22/02/2009 - tag: Financial Crisis
EU leaders seek joint response to financial crisisEU leaders meeting to find a common position on reforming the world economy say greater financial sector regulation is… 22/02/2009 - tags: Cars, Financial Crisis, Angela Merkel
EU leaders debate financial reformEuropean leaders are meeting in Berlin to try to hammer out a unified position on how to overhaul global financial… 22/02/2009 - tags: European Union, Financial Crisis, G20
Irish anger over the economyA huge demonstration involving an estimated 120,000 people has been held in Dublin to protest against the Irish… 22/02/2009 - tags: Ireland, Economy, Financial Crisis, Demonstration, Brian Cowen
We’re in a credit crunch, not a creative crunchWe may be in the throes of a recession, but that does not mean that creativity has to be affected. That is the… 21/02/2009 - tags: Fashion, Financial Crisis
Home help from Barack ObamaUS President Barack Obama has pledged 220 billion euros to stem the wave of home foreclosures that sparked financial… 19/02/2009 - tags: USA, Economy, Financial Crisis, Barack Obama
Obama set to sign stimulus planThe US economic rescue package which has dominated President Barack Obama’s first month in office will be signed into… 17/02/2009 - tags: Cars, USA, Financial Crisis
Japan’s economy sees sharp diveJapan’s economy has seen its biggest slump since the oil crisis of the 1970s. Latest figures show its economy… 16/02/2009 - tags: Japan, Financial Crisis
Japan economy nose-divesNew figures show the Japanese economy has taken the biggest dive for thirty five years. Japan has not suffered… 16/02/2009 - tags: Japan, Financial Crisis
Medvedev seeks to reassure Russians over economyPresident Dmitry Medvedev has said he is confident Russia will overcome the global economic crisis. He made the… 15/02/2009 - tags: Russia, Economy, Financial Crisis
G7 hope to show united front against protectionismFinance ministers from the group of seven industrialised nations, are hoping to be able to show a united front in the… 14/02/2009 - tags: Italy, G7, Financial Crisis
