Another day in Europe, another Chinese acquisition: over the first June weekend it was the turn of three prestigious Bordeaux wine châteaus, Bon Pasteur, Rolland-Mallet and Bertineau St.-Vincent, to be acquired by the Hong Kong–based Goldin Group for an undisclosed amount.
A new wave of Chinese investment is rolling across the …
In June 2012, the European Commission outlined a set of proposals for dealing with failing banks in the E.U. Known as the “E.U. framework for bank recovery and resolution,” the proposals didn’t receive much public attention …
Cyprus is paying a high price for the $13 billion financial rescue it obtained from the E.U.: the destruction of a key pillar of its economy, its status as the offshore tax haven of choice for wealthy Russians
The ultimatum has been issued: the E.U. is pressuring Cyprus to end its standoff over a proposed financial-rescue package and agree to new terms very rapidly — or face bankruptcy. Cyprus is scrambling to respond with a revised …
The Cyprus government is scrambling to find alternative ways to fund its part of an E.U. bailout, including asking for help in Moscow, after the island’s parliament resoundingly rejected the terms initially agreed. The …
With its $13 billion agreement to bail out Cyprus, the E.U. this weekend thought that it had successfully doused the latest threat to its single currency, the euro. Cyprus has run into trouble because its banks are heavily …
US tire company spent five fruitless years trying to cut costs at its Amiens plant and being blocked. Now it’s shutting down the plant altogether, sparking political outrage
Creation of euro-zone supervisor for banks is a breakthrough, but agreement contains some big (and small) loopholes
Some tax ‘loopholes’ are legal, but could nonetheless hurt firms’ image with consumers.
Recession shows no sign of ending and unemployment is rising, but deficits and labor costs in some the crisis-hit countries are coming down
The E.U.’s failure to unblock loans to Athens and U.K.-budget wrangles likely will make for a rancorous summit
Meet the NEETs, the under-25s who don’t work but who also aren’t receiving professional training and are no longer in school
