Business

Ford quits Australia

23/05 18:45 CET

Ford is to shut its two Australian production plants after 90 years of making cars there. It blamed the strength of the Australian dollar, along with high costs, particularly wages. The factories will close in just over three years time with the loss of 1,200 jobs. One…

23/05 17:17 CET
Fewer new orders mean continued eurozone recession

The eurozone’s downturn has eased slightly, but businesses continue to suffer from a chronic lack of new orders, which should inhibit…
23/05 17:17 CET
Major Nissan recall over steering wheel glitch

Nissan has issued a recall for more than 840,000 vehicles worldwide. They are the Micra, which is known as the March in some markets, and…
23/05 16:42 CET
Share prices tumble

Wall Street rejoined the worldwide sell-off of shares on Thursday as soon as the New York stock exchanges opened. US investors had actually…
23/05 15:27 CET
Fresh signs of China’s economy fragility

Factory activity in China shrank for the first time in seven months in May. The initial reading of surveys of manufacturers puts the blame…
MARKETS | 22/05 19:32 CET
European markets at close: 22.05.2013
22/05 19:00 CET
Bernanke says Fed stimulus continues for now

Monetary stimulus from the US central bank is helping the country’s economy recover, but the head of the Federal Reserve Ben Bernanke…

Editor’s Choice

16/05 15:02 CET

Google denies misleading over tax

A top Google executive has denied that his company misled British authorities over the minimising of its tax bill there. Matt Brittin…

22/05 19:00 CET
Vatican financial body finds possible money laundering

The scandal plagued Vatican Bank has published the first annual report…
22/05 16:18 CET
IMF austerity warning to Britain

The International Monetary Fund is urging Britain to do more to boost growth in the face of the slow economic recovery there. But that is…
22/05 14:41 CET
Xbox One: Microsoft’s game changer?

The Xbox One – which Microsoft has just unveiled – is its strongest push so far to dominate consumers’ living rooms with a…
21/05 20:44 CET
Apple defends its tax affairs

Declaring “We are pride to be an American company and equally proud of our contributions to the US economy”, Chief Executive Tim…
21/05 18:04 CET
EU bank customers to contribute to bail-ins?

Bank customers across the European Union are facing the prospect of a Cyprus style bail-in if a financial institution gets into trouble. The…