GERMANY

Investors Assess New UBS CEO, Hope For Fast Revamp

Sergio Ermotti
UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.

Copper Slumps to 14-Month Low

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Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
A man shops at a Samsung Electronics shop in Seoul

Samsung's Legal Woes Threaten to Crimp Tablets, Chips

An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer.
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Pope Benedict XVI

Pope in Germany: Why the Visit Matters

The trip is being hailed as an historic visit, and the Pope will speak before German parliament, meet with Chancellor Angela Merkel and President Christian Wulff and lead a mass. About 100 parliamentarians have already boycotted Benedict's speech, and thousands of people have gathered to protest his presence.
DAX board is pictured at the Frankfurt stock exchange

Stocks Take Beating on Grim U.S., China, Germany Data

A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing China and Germany drove world stocks sharply lower on Thursday and pushed investors into safer currencies and government bonds.
Greece's PM Papandreou addresses the audience at the International Trade fair of Thessaloniki in northern Greece

Global Economic Crisis: Are we Better or Worse off than 2008?

Global Economic Crisis: Are we Better or Worse off than 2008? The Greek economic crisis is at the heart of the problems of the world economic crisis and for as long as France and Germany continue to ignore the realities that Greece must be allowed default on its debts, the European and world economies will suffer the consequences.
Greenspan listens to opening statements as he testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill

BRIC Help for Euro Zone Has Echoes of 1998

The world's giant emerging economies have no magic wand to resolve the euro zone's debt problems, but a contribution to its stabilization could still prove powerful, help avert market panic and reap significant non-financial rewards.
Clinton

Clinton Trumpets Green Investments to Create Jobs

Investments in energy-saving building retrofits and clean-energy projects can create hundreds of thousands of jobs and bolster the U.S. economy, former U.S. President Bill Clinton said on Tuesday.
Greece's PM Papandreou addresses the audience at the International Trade fair of Thessaloniki in northern Greece

Greece to Front-Load Austerity, Troika to Return

Greece pledged to bring forward painful austerity measures on Tuesday, convincing international lenders to return to Athens early next week for talks that it hopes will secure the aid it needs to avert bankruptcy.
Pedestrians walk outside a bank

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.

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