Most interesting finance and busines news.
Costa Crociere SpA is offering uninjured passengers euro11,000 ($14,460) apiece to compensate them for lost baggage and psychological trauma after its cruise ship ran aground and capsized off Tuscany when the captain deviated from his route.
Costa, a unit of the world’s biggest cruise operator, the Miami-based Carnival Corp., also said it would reimburse passengers the […]
A Spanish savings bank has fired two directors and is investigating two former executives for allegedly syphoning off euro20 million ($26.5 million) into secret pension funds, the bank said Saturday.
The board of directors of Caixa Penedes bank had “required the departure” of its president, Ricard Pages, and director general Manuel Troyano. It said both men […]
Move over maple, there’s another syrup in town.
Maple syrup might be the ultimate Canadian culinary symbol, but if Dave Challen has his way, we’ll be turning to birch syrup for our dose of tree-based sweetness.
“There are a lot more birch trees in Canada than there are maple,” said Challen, owner of Thunder Bay-based Boreal Birch […]
Finance officials and experts gathered in Italy mostly agreed Saturday that Europe needs deeper political union to preserve the troubled euro _ even though persistent national identities made the prospect politically unlikely in the near future.
Speakers at the annual Ambrosetti forum labored to articulate the emerging existential dilemma: Monetary union struggles without central budget control, […]
The U.S. may have avoided a possible debt default by passing a bill to raise the country’s borrowing limit. But it might not enough to maintain its coveted AAA debt rating, according to Fitch Ratings.
On Tuesday, Fitch said the agreement to raise the debt ceiling and make spending cuts was an important first step but […]
NEW YORK — The creator of “FarmVille” and “FrontierVille” is ditching the “ville” suffix for its latest Facebook game, “Empires & Allies.”
The game from Zynga is set to launch Wednesday. It is like a mix of the classic strategy game “Risk” and “CityVille,” where players oversee virtual cities. Unlike the company’s other games, which give […]
The Obama administration said Tuesday it is buying more than 100 Chevrolet Volts and other electric cars as it moves to improve fuel efficiency of the government’s massive fleet of cars and trucks.
The plan by the General Services Administration to buy 116 plug-in electric cars marks the government’s first purchase of road-ready electric vehicles, a […]
A hospital official says Egypt’s ex-first lady Suzanne Mubarak is feeling better following treatment for chest pains she suffered after being told she would be detained by the government for further questioning on corruption allegations.
The official says the 70-year-old wife of ousted leader Hosni Mubarak was visited Saturday by a cardiologist who found “noticeable improvement […]
Japanese Economy and Fiscal Policy Minister Kaoru Yosano said taxes must be part of funding earthquake reconstruction, as polls indicate public support for increasing levies to pay for rebuilding.
“Of course our borrowing must be backed by taxes,” Yosano, 72, said in an interview in Tokyo yesterday. While a sales tax increase “is one possibility […]