Another worryingly low inflation rate for the eurozone
PARIS — Consumer prices in the eurozone barely increased last month, raising fears of deflation and putting pressure on the European Central Bank to take further action.
Slowdown in carbon emissions worldwide
Global emissions of carbon dioxide are slowing somewhat from the rapid pace of the last decade, new figures show, but growth in coal burning continues to outstrip the growth in other forms of energy, and experts said the world remains far from meeting international goals on climate change.
Credit Suisse to streamline and shrink its operations
Credit Suisse said Thursday that it planned to shrink its investment bank and other businesses as it grappled with stricter regulatory requirements and a challenging fixed-income market.
Pressure mounts on France to overhaul labor rules
PARIS — The French unemployment rate ended last year at its highest level since 1999, the national statistics institute reported Thursday, underscoring the urgency of President Francois Hollande’s task as he pushes for a far-reaching labor law overhaul intended to encourage new hiring.
Renault to cut 7,500 jobs in France
PARIS — France’s ailing industrial sector took another blow Tuesday when Renault said it planned to cut 7,500 domestic jobs, or about 17 percent of its French labor force, by 2016 as it adjusted production capacity to the crushing downturn in the European car market.
Ford closing three plants in European downsizing
The Ford Motor Co. has broken from the pack of troubled European automakers, announcing deep cuts that include shutting three factories in the region and eliminating 5,700 jobs.
Despite push for austerity, EU debt has soared
LONDON — As Greece and its international lenders continue tense talks on reducing the Greek budget deficit, new data from the European Union on Monday underscored the potentially Sisyphean nature of such efforts.
Data point to further gloom in eurozone
PARIS — The outlook for the eurozone remained unsettled Thursday, as data showed that confidence among European businesses and consumers continued to fall in September and the Spanish government prepared to unveil a plan to restore its finances next year.
Disaster-struck Japan faces power gap for months
TOKYO — The term “rolling blackouts” has become shorthand for noting one way Japan is trying to cope with its national calamity.
For the first time, Ireland admits it needs foreign bailout money
Irish officials acknowledged for the first time Thursday that Ireland was seeking aid from international lenders.
For the first time, Ireland admits it needs foreign bailout money
Irish officials acknowledged for the first time Thursday that Ireland was seeking aid from international lenders.