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- USA
- Madoff will not appeal 150-year prison sentence
- Thursday 09 July 2009
- Ten days after Bernard Madoff was sentenced to the maximum 150 years in prison for running the biggest financial fraud in US history, his lawyer announced that he has decided not to appeal his sentence.
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- CHINA
- Four Rio Tinto staff held on suspicion of spying
- Thursday 09 July 2009
- Chinese officials have arrested four employees of Australian miner Rio Tinto on charges of spying and stealing state secrets, the official Xinhua news agency says.
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- FRANCE
- National electricity provider EDF calls for 20% price hike
- Thursday 09 July 2009
- French electricity provider EDF says it wants to raise tariffs by 20% to make up for debts in excess of 24.5 billion euros, but it may have a hard time persuading the government to approve the hike.
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- ITALY
- G8 warn global economy still faces 'significant risks'
- Wednesday 08 July 2009
- G8 nations meeting in Italy agreed that it is too soon to unwind economic growth packages as the global outlook is still unclear. "Significant risks still remain to economic and financial stability," according to a draft document.
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- JUSTICE
- EU regulators hand hefty fine to E.ON and GDF Suez
- Wednesday 08 July 2009
- The European Commission has fined France's GDF Suez and Germany's E.ON 553 million euros each for agreeing to stay out of each other's markets, in breach of EU rules.
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- TAX HAVENS
- OECD removes Luxembourg from 'grey list'
- Wednesday 08 July 2009
- Luxembourg has been removed from the OECD's 'grey list' of countries that have yet to sign international agreements guaranteeing financial transparency.
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- AUTO INDUSTRY
- Chinese auto maker BAIC makes last minute bid for Opel
- Tuesday 07 July 2009
- As the deadline approaches to close a deal with Canadian auto parts maker to buy Opel, state-owned Beijing Automotive (BAIC) could have thrown a spanner in the works with a 922 million dollar offer for a majority stake in the European car maker.
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- AVIATION
- Yemenia threatens to reconsider Airbus order after fatal crash
- Tuesday 07 July 2009
- Yemen's national carrier Yemenia has said it may reconsider an order to buy 10 Airbus A350s, accusing France of being uncooperative following last week's deadly crash off the Comoros islands.
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- Thursday 09 July 2009
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