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Greece Sells Stakes in Two Major Banks
Greece on Monday announced plans to sell a 20 percent stake in the National Bank of Greece (NBG) after concluding the sale of a...
Co-working Giant WeWork Files for Bankruptcy in the US
WeWork has filed for bankruptcy in the US after the company struggled for years with a massive debt pile and hefty losses.
The firm reported...
WeWork Plans to File for Bankruptcy Over Massive Debt
WeWork plans to file for bankruptcy as early as next week, as the SoftBank Group-backed company struggles with a massive debt pile and hefty...
Shadow Economy in Greece at 20.9 Percent of GDP, Central Banker Says
The size of the shadow economy in Greece reaches 20.9 percent of the country's Gross Domestic Product (GDP), Bank of Greece governor Yannis Stournaras...
Would Banksy Finally Be Unmasked?
Renowned and hidden street artist Banksy, known for painting walls anonymously, has finally recently been identified and unmasked after years of remaining unknown to...
Greek Banks Win Credit Upgrades from Fitch and Moody’s
Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating.
Fitch...
China’s Evergrande Files for US Bankruptcy
Evergrande, China's real estate construction giant, has filed for US protection from bankruptcy after thirty years of uninterrupted growth.
Just last Thursday, Evergrande filed for...
Israel Launches Largest Military Operation in the West Bank Since 2002
Israel has initiated an extensive military campaign targeting Palestinian militants within the Jenin refugee camp in the occupied West Bank. It has been described...
Bank of Greece Sees 2.2% Growth in 2023, 3% in 2024
The Bank of Greece (BoG) sees an acceleration of recovery in Greece after 2023 with growth projected at 2.2% in 2023, 3% in 2024,...
Bank of Greece Warns of Lavish Pre-Election Promises
The governor of the Bank of Greece (BoG), Yannis Stournaras, warned political parties in Greece on Wednesday that their pre-election promises could derail the...