Business News

Greek’s Online Shopping Site Promotes Charity

Online shopping store of Greece is a great place to buy as well as donate to charity. Doromu. com has come up with a new strategy under which it not only assists the consumers in buying the products right from their desktops but it also makes significant steps towards donating to the charities in the country.


ArcelorMittal to Invest 18 Million Euros into its Florange Site

Mittal's Florange site was in the news recently, after the government wanted the steel giant out of the country as it said that it doesn't respect France.


Economy of Sub-Saharan Africa to Grow by 5.7% Next Year

As per the forecasts of International Monetary Fund (IMF), overall economy of sub-Saharan Africa shall observe a 5.7% rise by the next year.


EC imposes €1.47bn penalty on CRT manufacturers for price-fixing

A record €1.47 billion fine has been imposed by the European Commission (EC) on seven global manufacturers of cathode ray tubes (CRT), for their allegedly anti-competitive activities during the one decade period from between 1996 to 2006.


Ireland Witnesses Rise in Excise Duty on Wine

As per reports, it has been revealed that excise tax has been increased by the Irish Government on a 75cl bottle of wine. The hike is of _1, said experts. The decision which was welcomed by health groups was criticized by the industry and shop keepers.


Standard & Poor's Corp. Downgrades Greece’s Credit Rating

As per recent news, Greece is rated as "selective default" by the Standard & Poor's Corp. in its latest ratings released on Wednesday.

The country's credit ratings were earlier rated at a "CCC" which downgraded to "selective default" in recently reviewed ratings by S&P. Greece is considering debt buyback that is anticipated on December 17, which may get the "CCC" rating back to it.


New Ownership of EADS

Germany will soon be seen as a state shareholder with France and Spain in the new ownership structure of the European aerospace and defense company EADS.

The announcement of the new ownership came from the company on Wednesday, in which, it confirmed Germany's joining to the panel of state shareholders even though the government's influence has shrink at the company.


Rand Drops before SA Data Release

It is for the first time in four days before the SA's third-quarter current account data release that rand has fell on Thursday with most of the trader's eyeing upon the SA's data release in a hope to see South Africa's current account widening in the third quarter and after Standard & Poor's cut Greece's debt rating.


AustrianTribune Specials

On Thursday, the property lease in Jackson Memorial Park to American Towers LLC has been given the green signal by Vienna officials for a novel cell phone tower.

According to the report, the agreement of lease is an indication that the...

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