Some of France's wealthiest individuals, including the L'Oréal heiress Liliane Bettencourt, have called for a tax on the rich in a gesture of national solidarity as the government prepares to announce swingeing cuts to bring public finances under control.
Weaker consumer confidence in parts of Europe will dent Heineken's profits in the second half of this year, its management warned, leading to flat bottom line organic growth in 2011 despite a 4 per cent increase in the first half.
Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.
Rich families around the world face a choice between surrendering privacy around their investments and significant legal risk as a consequence of new US rules designed to improve hedge fund transparency.
Those who work in retail banking, in particular credit cards, must have noticed results of the Russia's National Financial Research Agency (NFRA) which in Russian mass media were published under headlines like '71% of Russians would have refused a credit card offer'.
Picture an average Israeli family who have just bought an apartment in the suburbs. Imagine their new home, along with the entire neighbourhood, was built by the same company that made the cement for the construction site.