EU banking union too complicated, too slow: analysts
An EU system to prevent a repeat of the massive bank bailouts which crippled the economy is a major step but it is also too complicated when speed is absolutely essential, analysts said.
23 December 2013 01:05
Tourists to spend $10 billion during Brazil World Cup
Foreign and Brazilian tourists are expected to spend $10.4 billion during next year's World Cup, more than the public funds invested for staging the event, the Brazilian tourism board said Friday.
Zuckerberg sells as Facebook offers new shares
Facebook chief Mark Zuckerberg will sell a chunk of his stake in the company, cashing in some $2.3 billion, as part of a new share offering by the huge social network.
20 December 2013 13:34
Spaniards bet on slimmed-down 'Fat One' Christmas jackpot
Spaniards are digging into their pockets to gamble on their beloved "Fat One" Christmas lottery with the world's richest total payout, but winners will get slimmed-down prizes this year as a new austerity tax takes a bite.
New Zealand winegrowers report bumper harvest
New Zealand winegrowers enjoyed a record harvest in 2013 but are well placed to avoid the oversupply issues that have hampered them in the past, accounting giant Deloitte said Thursday.
Australia PM stands firm against 'corporate welfare'
Prime Minister Tony Abbott warned struggling Australian companies Wednesday to get their house in order, refusing to indulge in "corporate welfare" subsidies despite car giant Holden's decision to shut local plants.
Living wage to be raised in Kazakhstan in 2017
After the controversy around the minimum living wage is Kazakhstan, Kazakhstan Minister of Labor and Social Protection of Population Tamara Duisenova promised to raise the living wage in 2017.