Greek law limiting mass layoffs overturned by EU court
A Greek national flag flutters atop the parliament building in Athens A Greek law forcing employers to seek government approval for mass layoffs is too vague and violates European Union…
Economy
World Bank lends Zambia $100 million to tackle mining pollution
The World Bank has agreed to lend Zambia more than $100 million to reduce environmental health risks in polluted mining areas and support economic diversification. Mining is a major contributor…
Iran reaches 100-jet deal with Airbus, sees first delivery in January
Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January, a senior official said on Dec. 19.…
Lufthansa pilots agree to mediated talks in pay dispute
Lufthansa and German pilots’ union Vereinigung Cockpit have agreed to mediated talks to resolve a row over contracts dating back to 2012, averting the threat of further strikes for a…
Greek central bank sees economy expanding in 2017, urges end to standoff over bonus pension
People make their way next to the headquarters of Bank of Greece in central Athens, Greece, October 30, 2015 The Greek economy will expand by 2.5 per cent next year…
Fed raises rates, sees faster pace of increases in 2017
Federal Reserve Chair Janet Yellen arrives to hold a news conference following day two of the Federal Open Market Committee (FOMC) meeting in Washington The US Federal Reserve raised interest…
Nigeria’s Buhari presents 7.298 trillion naira 2017 budget to lawmakers
Nigeria’s President Muhammadu Buhari on Wednesday presented a record 7.298 trillion naira ($23.97 billion) budget for 2017 to lawmakers, which he said was an increase of 20.4 percent on last…
IEA’s Birol says oil markets will rebalance in first half of 2017 if cuts implemented
A re-balancing of world oil markets could occur in the first half of next year if production cuts by OPEC and other producers are implemented, International Energy Agency (IEA) chief…
IMF’s Lagarde says she was not negligent in payout to French magnate
Managing Director of the International Monetary Fund Christine Lagarde reacts before the start of her trial about a state payout in 2008 to a French businessman, at the courts in…
Crisis ‘leaves Greeks gloomiest in Europe and beyond’
Anti-austerity protesters burn a euro note during a demonstration outside the European Union (EU) offices in Athens, Greece Greece’s debt crisis has made its population the unhappiest not only in…