Owning a house, as a young Spaniard is almost impossible. The latest survey of CJE Group revealed that 48 percent of young Spanish people have no form of income what so ever. Spain has been battling high unemployment for some time, but the most worryingly statistic for the government is the one regarding young ... read entire article »
Portugal is proud to announce that it will be exiting its 78-billion-euro program without a precautionary credit line. Lisbon entered the bailout program in 2011 with help received from the European Union and the International Monetary Fund. After three year ... read entire article »
Gary Becker, one of the century’s greatest economists, winner of the Nobel Memorial Prize for Economic Sciences, died on Saturday, at the venerable age of 83. Becker, professor of sociology and economics at the University of Chicago is highly praised for ... read entire article »
Finally some good news for all German taxpayers. The government is planning to cut income taxes from 2016. The cut is somewhere near two percent and it could save at least three billion euro per year. Wolfgang Schauble, Germany's Finance Minister confirmed the ... read entire article »
Since the device’s debut in 2010, Apple has sold over 210 million iPads, about twice as many than iPhone sales during its first four years. The iPad, alongside its competitors, made the tablet the most successful consumer electronic product ever. However, the ... read entire article »
After selling its smartphone division to Microsoft, it looks like Nokia will shift focus to smart...cars. The Finish communication giant did not withdraw from the tech ecosystem and it is even more determine to rebuild its name. Car industry has always been big ... read entire article »
After selling almost 8 million shares of Microsoft over the past two days, Bill Gates has lost, for the first time in the company’s history, his title as largest individual shareholder. His total now measures up to $330 million, below Microsoft’s former CEO ... read entire article »
Deep-sea exploration firm Odyssey Marine Exploration plans to go underwater treasure hunting on the wreck of the SS Central America, hoping to bring $86 million in gold to the surface. The SS Central America, or ‘The Ship of Gold’, as it was known, was a ... read entire article »
The Japanese weapons industry is, at the moment, highly outdated as a ban installed in 1970 forbids any weapon exports. The ban ‘has resulted in an isolated Japanese defense industry that produces very small quantities at very high cost,’ says Lance Gatling ... read entire article »
Stephen Elop, former Nokia CEO, received a much bigger pay-off than previously predicted. Following the firm’s mobile handset unit sell finalization to the Microsoft company, Elop walked away with $33.5 million in his pocket, the sum representing his pay-off. ... read entire article »
A ban that halts all mango shipments from India to all over the EU has commenced over suspicions of fruit flies infestation. The ban is likely to stay active until December 2016. The mangoes are first shipped to the UK and, from there, all over Europe. Great ... read entire article »
The real-estate sector damaged all Spanish banks and one of the most profitable one reported a massive profit decrease in early 2014. BBVA Bank, the second biggest bank in Spain, that also operates in North and South American and Asia is not doing well. The first ... read entire article »
eBay, the famous e-commerce company, underwent two separate lawsuits commenced by US regulators under charges of anti-competitive hiring behavior. The company was accused of making a pact with the technology company Intuit to not poach each others talents in a ... read entire article »
Christine Lagarde, International Monetary Fund director, discussed the Russian and Ukrainian economical statuses after approving a $17.1 billion bailout for Ukraine on Thursday. ‘If you look at the monetary policy, if you look at the capital flows, if you look ... read entire article »
Time Warner, Hollywood giant, boosted its first-quarter net income with the aid of Warner Bros. ‘The Lego Movie’ and HBO show ‘True Detective’. The company’s performances were better even than analysts’ estimates. The figures made public show a 14 ... read entire article »
New data coming from a statistical program run by the World Bank implies that China’s fast growing economy is soon to overtake the United States economy. But before Americans start panicking, mention must be made that the data relies on a different calculating ... read entire article »
UK government and Norwegian government will team up and split the costs of the most expensive fighter jet ever made. Both countries have ordered F-35 jet fighters from Lockheed Martin and both are looking for a way of cutting the prices down. A potential deal ... read entire article »
Britain’s economy has been enjoying a steady growth in the first quarter of 2014. At 3.1 percent, its annual GDP expansion is the strongest it has been in the last six years, gross domestic product rising 0.8 percent from the previous quarter. Although the ... read entire article »
Samsung reported a 4% fall in sales of its mobile phone unit to 33.4 trillion but an overall operating profit for the same unit bigger with 18% since last quarter. For the previous three months, Samsung reported a net profit of 7.57 trillion won, up from the 7.3 ... read entire article »
$1.2 billion worth of ammunition is to be destroyed by the Pentagon, not because of safety regulations or other protection-related issues but because of an out-dated inventory system. The Pentagon has been trying, unsuccessfully, for decades to reunite all the ... read entire article »
