The European Central Bank cut its key interest rate from a current level of 1.50% to an all-time low of 1.25% on Thursday, and it may take "other steps" to deal with a deepening recession.
It's no longer safe to be the boss of a big company in France. You might be barricaded in your office by angry workers, or forced to join a hostile crowd protesting against layoffs. Criminal, or legitimate grief?
Swiss Re announced it is to cut approximately 10 percent of its world workforce in 2009, which represents around 1,000 job losses. The world's biggest reinsurer posted a record annual loss of 585 million euros last year.
The European Central Bank is likely to cut its key interest rate from a current level of 1.50% to an all-time low on Thursday, and it may take "other steps" to deal with a deepening recession.
With rising unemployment, incidents of executives held hostage by threatened employees are on the rise in France. Are these desperate gestures a sign of a more widespread anger?
What can the G20 really do? With the global economic crisis worsening and opinions diverging on just how to tackle it, can G20 members find enough consensus to implement solutions?
What can the G20 really do? With the global economic crisis worsening and opinions diverging on just how to tackle it, can G20 members find enough consensus to implement solutions?
Ford, the number two US automaker, has announced that its March US sales fell 40.9% from the same month a year ago. However, it said that sales rebounded sharply from February levels.
742,000 jobs were lost in the US private sector in March, according to payrolls firm ADP. The figure was worse than expected and comes two days before the publication of official government figures.
