Jul 7, 2015

Poor EU nations take hard-line on Greece

The eurozone’s poorer former communist nations, having themselves endured painful reforms and austerity programs, are taking a hard line on Greece after its people voted to reject creditors’ bailout terms. Estonia, Latvia, Lithuania and Slovakia have long insisted they are too poor to pay ...

Slowboat to China: No quick fix for luxury yacht firm Ferretti

Jun 29, 2015

Slowboat to China: No quick fix for luxury yacht firm Ferretti

When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favoured by film star Sophia Loren, was the world’s top maker ...

Jun 20, 2015

Tokyo — world's most livable city?

Tokyo has a lot going for it, but saying it's the world's most livable city risks ignoring a multitude of problems, many of which stem from the city's overwhelming size.

Jun 18, 2015

Pope urges revolution to save Earth, fix 'perverse' economy

Pope Francis called Thursday for a bold cultural revolution to correct what he calls the “structurally perverse” economic system of the rich exploiting the poor that is turning Earth into an “immense pile of filth.” In a sweeping manifesto aimed at spurring action in ...

Jun 18, 2015

Phoenix-area woman quietly claims $120 million lottery prize

A suburban Phoenix woman has quietly claimed the top prize of nearly $120 million in the multistate Powerball lottery drawn earlier this month, an Arizona lottery official said on Wednesday. Maria Herrera, of Glendale, walked into lottery offices with the winning ticket last week ...

Jun 18, 2015

India has world's biggest jump in the newly rich

Want to be a millionaire? Move to India. The number of millionaires in the country rose 26 percent last year, the biggest percentage gain among major countries in a report out Wednesday showing the ranks of millionaires around the world at a record. The ...

LDP fiscal panel targets wealthy seniors' pensions

Jun 13, 2015

LDP fiscal panel targets wealthy seniors' pensions

In its final report on fiscal consolidation, a special committee in the Liberal Democratic Party calls on the government to set a ceiling on expenditures and to consider reducing the pension benefits of wealthy seniors. As part of efforts to curb expenditures, the report ...

Why U.S. billionaires may be unable to buy 2016 election

Jun 3, 2015

Why U.S. billionaires may be unable to buy 2016 election

Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a long-shot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two. Campaign finance watchdog groups ...