Vijay Mallya, Indian ‘King of Good Times,’ Dethroned by Debt
By MEGHA BAHREE
The beer-and-airline magnate left the country ahead of creditors, as bad corporate loans hurt the economy and Prime Minister Narendra Modi’s agenda.
Protesters demonstrated against unemployment in front of the Greek Parliament in Athens this month.
The eurozone, the 19 countries that use the euro, has finally edged back above its precrisis level, but doubts persist about its prospects.
At a port in Hamburg, Germany. Unemployment in that country has fallen steadily and is now lower than in the United States. But there is increasing doubt about whether Germany can continue its run.
Unlike the United States, which surpassed its pre-bubble peak in 2011, the eurozone as a whole has stumbled along. Here are some of the bloc’s notable leaders and laggards.
The beer-and-airline magnate left the country ahead of creditors, as bad corporate loans hurt the economy and Prime Minister Narendra Modi’s agenda.
The stories people tell one another about the state of the economy can translate into reduced spending, which may, in turn, contribute to a downturn.
A culture of violence and threats flourishes as growing numbers of Russians turn to borrowing at astronomical interest rates amid a recession.
Nuit Debout, a movement ignited over a plan to change French labor laws, has expanded to include a mélange of grievances, and politicians are warily watching.
Frank’s son Dweezil was told by the family trust, controlled by two of his siblings, that his show Zappa Plays Zappa risked huge copyright infringement fines.
As a May 1 deadline nears, terms of a bill to rescue the island are unresolved, risking greater injury to its ailing economy.
In the latest example of a market’s slowdown, the developer Joseph Chetrit is selling the tower to companies that will turn it into an office building.
The bank paid $1.7 billion in March to fulfill a condition of its bailout package, which gave the government dividend priority.
On the block would be SABMiller’s assets in the Czech Republic, Hungary, Poland, Romania and Slovakia as it seeks approval for their merger.
The International Airlines Group, whose portfolio also includes Iberia, Vueling and Aer Lingus, maintained its forecast for 2016 profit, however.
A flashy rollout by Uncle Martian, with its nearly identical logo of the American sports manufacturer, has been met by skepticism on the Internet in China.
The city owned so many apartments that no one was certain how many there were or who lived in them, and many were doled out in a political spoils system.
The online retail giant reports quarterly earnings on Thursday, after tech companies including Apple and Microsoft posted weaker-than-expected results.
The bank said that its litigation costs had declined significantly in the first quarter, but that market conditions had cut into its profits.
Sanofi said that it made a private offer to acquire the prostate cancer drug maker nearly two weeks ago but did not receive a response.
About 300 people in the bureau are being investigated for charging fees for statistics and research, which amounted to about $500,000.
The British lender took a charge of about $1.2 billion in the first quarter related to the buyback of bonds with a high rate of interest issued during the financial crisis.
The automaker said it had set aside about $7.9 billion for legal costs worldwide over its test rigging, less than it faces in the United States alone.
The driving force pushing the recent European action against Google’s search engine was a consortium of corporate rivals.
Raphaël Gorgé, chief of Groupe Gorgé, a French high-tech company, on proving himself capable of running his father’s company.
A section on how funds performed in the first quarter of the year — and on where they may be heading.
A collection on financial disruptors looking to transform the nature of money.
Human psychology can get in the way of a secure life. Here are some ways to outwit it.
Articles on making three-generation family vacations work, the ins and outs of renting abroad, how frugality can hurt your credit score and more.
Articles on tax preparation software, tax policy, how to fill out your return and more.
Russia has been operating at a deficit since 2012, and its Reserve Fund is slated to run out by 2017.
Volkswagen has admitted that 11 million of its vehicles were equipped with software that was used to cheat on emissions tests. The company is now contending with the fallout.
The oil industry, with its history of booms and busts, is in a new downturn.
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