Top business executives warned Prime Minister David Cameron on Wednesday that he could damage Britain's economy by inadvertently taking the country out of the European Union.
British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations.
The European Central Bank would like Greece to stay in the eurozone, its president, Mario Draghi, said Wednesday, amid continued political uncertainty that threatens to force it out of the bloc.
Add Nobel laureate Joseph Stiglitz to the list of those who somehow think the economy just hasn't had enough stimulus from Washington. Writing in the Financial Times Monday, Mr. Stiglitz argued that if only the federal government had spent more, unemployment numbers would be a lot lower and the economic growth rates would be a lot higher.
Anyone who has paid heed to Russia in the two decades since the collapse of communism and the Soviet Union has come to realize that things have not worked out all that well. Those desiring better lives, seeking the freedoms enjoyed by other peoples of the world, threw off the shackles of an authoritarian state that routinely persecuted, imprisoned and murdered its citizens by the millions.
There is one person — one American among the 300 million of us — who is not to blame for the state of the union. Everyone else, each of you, in some small or large way, bears some share of the blame, but not this guy. Not one little bit.
On Dec. 28, the Financial Times announced, "China has again outshone the U.S. as the top venue for initial public offerings." How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion of free-market capitalism, the United States? Answer: Members of Congress have been killing the U.S. financial markets because of hubris, incompetence and a lust for power and money.
Forget Marie Antoinette, who, when told that peasants had no bread, apocryphally said: "Let them eat cake."
The Kurdish regional government has signed a deal with ExxonMobil Corp. to explore oil fields in northern Iraq, Kurdish officials said Sunday, putting them in sharp conflict with Iraq's national government.
