Business and Economy
With Spain's economy still struggling amid bank uncertainty and persistent unemployment, some young Spaniards are giving up the city life in hopes of reconnecting with their roots. They're moving out to the country and taking up agricultural pursuits.
Greek voters went to the polls on Sunday and, relatively narrowly, backed a political party in favor of the Greek bailout. And while markets initially greeted that news with optimism and rallied upwards, fresh concerns, this time over Spain, dragged them back down by midday....
Greece is usually an extremely popular tourism destination. In fact, it's often one of the most popular for people in Europe. But the current economic crisis has tourists staying away, and that's just further damaging the Greek economy....
Spain's banks got a badly needed injection of recapitalization over the weekend when a trio of international lenders agreed to loan them funds to get on firmer footing. But while Spain insists this isn't a Greece-style bailout, the lenders are already moving to monitor how and on what Spain is spending their money....
Most countries in Europe are worried sick about debt, bailouts and unemployment, but Norway recently decided to cut spending in order to avoid too much growth. The smart management of Norway's oil and gas industry is bringing spectacular wealth to the country's small fishing towns....
Disney announced new advertising guidelines Tuesday for ads on Disney’s TV stations, its websites, and its radio stations, banning ads for fast foods and sugary cereals that do not meet the company's nutrition standards....
The Chinese demand for new cars is changing the way top vehicle manufacturers develop their products. Ever since China surpassed the U.S. in auto sales back in 2010, automakers have turned their attention east....
Toronto's economy is booming, and its housing market is booming right along with it. The city has an enormously large number of sky-rise buildings under construction, and many of them hardly get finished before they're purchased — usually for top dollar. All that has some wondering if Toronto might be heading for an American-style housing bubble....
Regulators and lawyers are looking into whether Morgan Stanley and other Wall Street banks that helped orchestrate Facebook's IPO warned top clients beforehand that it might not be such a good deal....
If you work in the natural resources industry, or happen to know how to pilot a fighter jet, Australia wants you. They're offering hundreds of thousands of dollars a year in pay, multi-year or even permanent work visas and they're taking their show on the world to attract applicants....
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