For two years Washington and Wall Street have been bracing for Greece’s eurozone exit, but despite the preparations, fears remain that an “X factor” could slap around the world’s largest economy. The most popular hypothesis runs: On June 17 Greek
(AP) Markets swoon as anxiety about Europe takes holdBy PALLAVI GOGOI and MATTHEW CRAFTAP Business WritersNEW YORK The threat of a financial crisis spreading from Europe shook markets on Wednesday. The euro dropped to a nearly two-year low against the
A 6.0 magnitude earthquake struck northern Italy Sunday. It damaged historic buildings, and at least seven people died.
(AP) Analysis: G-8 stress growth, but means are scarceBy DAVID McHUGHAP Business WriterWASHINGTONPresident Barack Obama and other leaders of wealthy nations underscored an increasing consensus that their countries need to adopt growth measures alongside relentless budget cutbacks to work their
In another sign that the financial crisis in Europe is worsening, Bankia, Spain’s fourth biggest bank, which was formed in 2010 through a merger of seven regional savings institutions, is suffering from a recent run on the bank of l
If there was an Academy of Motion Picture Arts and Sciences Award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal of a $2 billion off-shore derivative
(AP) Stocks, euro drop as deadlock continues in GreeceBy MATTHEW CRAFTAP Business WriterNEW YORKA political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower. The euro sank to a three-month low against the dollar and borrowing
(AFP) Arthouse directors and Hollywood royalty will converge on the French Riviera for two weeks from Wednesday as the Cannes Film Festival rolls out the red carpet for the giants and mavericks of the movie galaxy. David Cronenberg, Ken Loach
Spain head to Euro 2012 looking to make history but their bid for a third consecutive major tournament triumph could be hit by fatigue, with top players feeling the effects of several years competing at the highest level. Spain were
By DAVID McHUGHAP Business WriterFRANKFURT, Germany Let Greece go. It’s a possibility that’s being considered more and more publicly in Europe. There have been two and a half years of bailouts and broken promises by Greece to reform. The result:
By MATTHEW CRAFTAP Business WriterNEW YORKNews that Spain’s economy entered another recession renewed worries about the fragility of Europe’s finances on Monday and nudged stocks lower. The Dow Jones industrial average slipped 35 points to 13,192 shortly after noon Eastern.
Susan Sarandon alleged yesterday at the Tribeca Film Festival that the government had tapped her phone and denied her security clearance to the White House. “We know we’re under surveillance,” she stated. “I’ve had my phone tapped … I was
By JAMEY KEATENAssociated PressPARISFrench President Nicolas Sarkozy’s career was on the line Sunday as voters turned out in solid numbers for the first round of France’s presidential election, a contest that could shake up Europe’s political landscape and approach to
(AP) Hollande, Sarkozy set to advance to French runoffPARIS Official partial results show Socialist Francois Hollande and conservative President Nicolas Sarkozy are advancing to the runoff of France’s presidential elections. With about 33 percent of the vote counted, Hollande had
(AP) Turnout solid in French presidential electionBy JAMEY KEATENAssociated PressPARIS Center-right French President Nicolas Sarkozy’s career was on the line on Sunday as voters turned out in solid numbers for the first round of France’s presidential election, a contest that
Wealthy Iranians are fuelling an unprecedented luxury car boom despite sanctions hurting their economy, paying up to $360,000 for high-end autos, according to showroom employees and reports on Sunday. A newspaper citing official customs data, Hafte-Sobh, reported that “some 563
The World Economic Outlook report from the International Monetary Fund warns of significant risks in a eurozone meltdown, and reflects the schizophrenic attitudes of policy makers in general as they search for a solution to a problem that has no
First off, in the AFP story (re-printed below in full), “30 Rock” is identified as a hit show, which it has never been in its six-year existence. But what about one-percenter Alec Baldwin describing our economy in this way: Our economy is still
By CIARAN GILESAssociated PressMADRIDSpain’s cost of borrowing on the international debt markets rose sharply again Monday, increasing concern that the country may become the latest member of the eurozone to seek a financial bailout. The yield _ the interest rate
US punk rockers Green Day are to release a trilogy of albums over a four-month period starting later this year, they announced Thursday. The records, to be called “Uno,” “Dos” and “Tre,” will go on sale in September, November and
European stocks mainly fell on Thursday as investors reacted to a downbeat Italian bond auction before the release of US economic data and company results. London’s benchmark FTSE 100 index dipped 0.13 percent to 5,627.55 points in midday deals, while
Actor, director, producer and screenwriter George Timothy Clooney – Darfur activist, serial romancer, and former bedmate to the late Max, a 300-lb. pot-bellied pig – is going to host a fundraiser for President Barack Obama. Over the years, Clooney, a
UN Human Rights chief Navi Pillay has called for an “immediate investigation” into the death of Trayvon Martin. Leaving aside the matter of the despicable record of the UN on human rights, what kind of record does Pillay herself have
A flood of easy money courtesy of the European Central Bank made for a calm start to 2012, but a poor Spanish bond sale last week signals it may only have been a lull before the debt storm breaks, analysts
Woody Allen’s upcoming installment in his cinematic European tour: A story about a number of people in Italy, some American, some Italian, some residents, some visitors, and the romances and adventures and predicaments they get into.
