Sox First

Things in Europe are going from bad to worse.The New York Times reports that banks around the world, like Merrill Lynch, Barclays Capital and Nomura, are now drawing up contingency plans for the brea…

Hopes are fading that the 17 member eurozone will avoid sinking back into a recession.Italy has been hammered by investors. Its borrowing costs have skyrocketed after it was forced to pay a record 6…

Things are getting tough in the networking business. Nokia-Siemens has announced that it will lay off 17,000 workers worldwide, or about 23 per cent of tis workforce, in a bid to save more than $1 b…

Greece is a sitting time bomb. George Papandreou is out, Lucas Papademos in as the new prime minister, a new Greek bailout approved, and a realistic bond swap deal is moving forward. So you would th…

With France's credit rating looking dicey, French president Nicolas Sarkozy has come up with a way to solve their problems. He says they should be more like the Germans. "The problem is not…

With Europe in melthdown, global investors are heading for the hills. The New York Times reports that investors are increasingly deciding that it's better to be safe than sorry, and they're …

The warnings about Armageddon are now coming thick and fast from Wall Street. Analysts seem to be in agreement on one thing – the world is ending. While all the focus has been on Italy, Spain and Gr…

The fallout from the Fuksushima nuclear meltdown gets worse.The Japan Times reports that and international research team has found that radioactive cesium from the crippled Fukushima No. 1 nuclear p…

You know the world economy is in trouble when central banks around the globe are stocking up on gold. The Wall Street Journal reports that total central-bank gold purchases in the third quarter more…

The alarming news about far right groups, neo-Nazis, who are killing Turkish immigrants has opened a Pandora's Box.Now The Independent reports of revelations that some of these neo Nazis were wo…