The crisis-hit European nation Greece is heading towards privatization of its energy sector. The country is also in favor of reforms in several sectors to give a new life to the ailing economy.
Europe
Led by US, foreign investors hold 54% of UK stock market
The holdings by rest of the world in UK stock market in 2014 stood at 54 percent and this remains at the same level of that in 2012. However, there's much increase in foreign investors' holding when compared with 31 percent in 1998.
Samsung and Springer: New partners in mobile media
A new joint venture had been announced Tuesday between Bild tabloid publisher Axel Springer and Korean electronics group Samsung, for mobile media including news.
Russia cracks down on foreign internet firms
Russia has come up with a new law that empowers the government to not only block websites but also orders them to share data of Russian citizens.
Greece elections: Clear mandate holds the key on $96-bn bailout package
Greece is set for elections on 20 September this year. Judge Vassiliki Thanou is the care taker Prime Minister till the new government is formed. Thanou was sworn in on last Friday and became the first female Prime Minister for Greece.
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Russia's Mobile TeleSystems (MTS) partnered with Google to improve its mobile internet service. The deal will highlight Google Now voice search, advertising and promoting it on MTS outlets. The voice command app would be pre-installed on Android devices available on MTS retail chains.
It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called 'Eni'. According to a recent report by Telegraph, "a supergiant gas field holding the equivalent of 5.5 billion barrels of oil has been discovered off the coast of Egypt, the largest ever find in the Mediterranean."
Mobile-games company Rovio is cutting its global workforce by 39% to focus on a few products that make more money. This is the second time the Angry Birds maker has announced job cuts in less than a year.
Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.5 million. The decision to sell off its non-core businesses is in line with their goal to take care of its accumulated debts.
As the onslaught of the stock market tumult continues to wreak havoc on some of Britain's banks, Lloyds and Royal Bank of Scotland lost almost £3 billion from their value.
Since European Union's economy is finally recovering, a noted economist proposes three significant areas that U.K. officials should focus on to sustain its growth: medium-sized businesses, overseas trade and linking of geographic powerhouses to maintain the economic model.
The London property market that's been a favorite global hotspot for years, is fast losing its sheen as British pound becomes stronger, while emerging economies currencies are turning out to be weaker.
Retail Acquisitions, the new owner of department store chain BhS seeks for funding of 70 million pounds several months after buying it. The new owners are now talking with prospect providers for additional funds that would help them transform the iconic brand.
The 'Big Four' accounting firm Deloitte's partners on an average posted earnings of GBP 822,000 for 2014. Deloitte's partners numbering 721 recorded a 9.6 percent growth as their average earning was up from GBP 750,000 in 2013 to GBP822,000 in 2014, according to the UK arm of the accounting firm.
