(Reuters) – Travel firm Thomas Cook said it would cut 2,500 UK jobs and close 195 stores in Britain as the euro crisis, high fuel costs and unrest in key destinations like Egypt and Greece take their toll on the holiday business.
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WASHINGTON — Moody’s announced Wednesday that it will review Britain’s AAA rating early next year, saying the country’s strengths were challenged by weak growth and the eurozone crisis.
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Germany’s top court has approved the eurozone’s contentious new bailout fund – dismissing a raft of legal challenges, Deutsche Welle reported.
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The eurozone debt crisis took a bite out of Vodafone’s revenues in the past quarter, as cash-strapped customers cut down on mobile phone usage.
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GENEVA — Eurozone nations must act now to prevent creating a further 4.5 million unemployed workers in the next four years, the head of the UN’s labour agency warned on Wednesday.
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Spanish and Italian 10-year bond yields have been rising ahead of a summit of eurozone finance ministers on Monday.
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Sky sources understand the credit ratings agency Moody’s will announce downgrades to major world banks, including UK lenders, as early as tonight.
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(Reuters) – Greek unemployment hit a record high in the first quarter of 2012, data showed on Thursday, days before the country votes again on whether to back the harsh austerity needed to appease international lenders or risk a chaotic exit from the eurozone.
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Six German banks were hit by a credit rating downgrade today as fears about the eurozone continued to spread.
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(Reuters) – Eurozone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc’s devastating debt crisis eats away at businesses’ ability to hire workers while indebted governments continue to cut staff.
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