Struggling Alitalia in last-gasp bid for survival
Five years after a botched rescue, Italy's troubled carrier Alitalia gasped for survival on Tuesday buried by a mountain of debt, unpaid gas bills and only the slimmest of options.
09 October 2013
Panasonic to exit plasma TV display business: report
Panasonic will stop making plasma television screens by early next year, a report said Wednesday, as the struggling electronics giant undergoes a huge corporate overhaul.
Niger to 'review' Areva uranium contracts
Niger, one of the world's top sources of uranium, will review its dealings with French firm Areva, which has been mining there for nearly 50 years.
07 October 2013
Crude production resumed at Kashagan oilfield
“October 6, upon completion of all the repairs, the wells at the oilfield have been restarted (…) production was resumed with no complications”, according to the country’s Oil and Gas Ministry.
07 October 2013
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Shutdown forces EU, US to cancel trade deal talks
The second round of scheduled talks between top European Union and American officials to clinch the world's largest trade deal have been cancelled because of the US government shutdown.
05 October 2013
Japan's Aso warns of 'consequences' of US debt default
Japanese Finance Minister Taro Aso on Friday urged the United States to resolve political gridlock in Washington, warning of grim "consequences" for the global economy if it leads to a debt default.
US default could be 'catastrophic': Treasury
The US Treasury warned Thursday of a disastrous outcome if Congress's refusal to raise the country's borrowing ceiling forces it to default on obligations.
04 October 2013
Unemployment remains dark spot in Spanish economy
Spain's government sees light at the end of the tunnel with the end to a two-year recession but analysts warn joblessness will continue to weigh down the eurozone's fourth-largest economy.
