The trial of Bernie Ebbers, former chief executive of bankrupt US phone company WorldCom, has started in New York with…
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Bank voted 8-1 for no rate change
The decision to keep interest rates on hold at 4.75% earlier this month was passed 8-1 by the Bank of…
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Deutsche attacks Yukos case
German investment bank Deutsche Bank has challenged the right of Yukos to claim bankruptcy protection in the US. In a…
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Italy to get economic action plan
Italian Prime Minister Silvio Berlusconi will unveil plans aimed at kickstarting the country’s sputtering economy on Thursday night in Rome.…
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Electrolux to export Europe jobs
Electrolux saw its shares rise 14% on Tuesday after it said it would be shifting more of its manufacturing to…
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Ban on forced retirement under 65
Employers will no longer be able to force workers to retire before 65, unless they can justify it. The government…
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China keeps tight rein on credit
China’s efforts to stop the economy from overheating by clamping down on credit will continue into 2005, state media report.…
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High fuel prices hit BA’s profits
British Airways has blamed high fuel prices for a 40% drop in profits. Reporting its results for the three months…
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US insurer Marsh cuts 2,500 jobs
Up to 2,500 jobs are to go at US insurance broker Marsh & McLennan in a shake up following bigger-than-expected…
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Ukraine trims privatisation check
Ukraine is to review “dozens” of state asset sales as the country’s new administration tackles corruption. The figure announced by…
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