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Goldman Sachs developing in-house private bank
Goldman Sachs said Tuesday it is developing its private bank for wealthy clients, particularly in fast-growing countries and in Europe, where it hopes to pick up the slack from struggling local banks. “We’ve been in the wealth business for a long time,” said David Viniar, Goldman’s chief financial officer, said…
Four presidents propose power of eurozone authorities over national governments
European leaders have drafted a radical plan to turn the 17 countries of the eurozone into a full-fledged political federation within a decade in an attempt to placate the financial markets by demonstrating a political will to save the single currency in the medium-term. The incendiary proposals for a banking,…
European campaign bills science as a ‘girl thing’
With few women in Europe taking up research jobs, a campaign launched Thursday by the EU executive seeks to convince teenagers that science is a “girl thing.” “Science does not just mean old men in white coats,” said Research and Science Commissioner Maire Geoghegan-Quinn. “The under-representation of women in a…
World Bank chief calls Spanish bailout ‘wasted’
LOS CABOS, Mexico — The head of the World Bank said Sunday that Europe’s bail-out of the Spanish banking system had been handled very badly and amounted to a wasted opportunity to contain the debt crisis. Addressing business leaders on the eve of the G20 summit in Mexico, Robert Zoellick…
U.S. won’t send checks to Europe: Romney
WASHINGTON — The United States will not bail out European countries if the eurozone economy falls apart under a spiraling debt crisis, Republican White House hopeful Mitt Romney said Sunday. “We’re not going to send checks to Europe. We’re not going to bail out the European banks. We’re going to…
Neanderthals may have been first human species to create cave paintings
Estimates of the age of cave paintings in northern Spain could be the final nail in the coffin of the ‘dumb Neanderthals’ myth Several times in the past 10 years scientists have had to rewrite the textbooks on Neanderthals, the latest species of human to go extinct. Once the archetype…
Germany: Spain deal shows world Europe can act
The deal to bail out Spain’s beleaguered banks shows the world and the markets that Europe has the capacity to take decisive action when needed, the German government’s spokesman said on Monday. “This is overall a good sign for Europe’s partners and for the markets,” Steffen Seibert told a regular briefing. “It is a sign…
Spread of ‘baby boxes’ in Europe alarms United Nations
The United Nations is increasingly concerned at the spread in Europe of “baby boxes” where infants can be secretly abandoned by parents, warning that the practice “contravenes the right of the child to be known and cared for by his or her parents”, the Guardian has learned. The UN Committee…
Greek leaders trade blows over Spain bank bailout
ATHENS — Greek party leaders Sunday traded blows over the rights and wrongs of a Spanish bank bailout, with the right insisting it showed the importance of talking with Europe on the country’s own problems. New Democracy leader Antonis Samaras, campaigning ahead of key June 17 elections, said Greece must…
As Europe peers into economic chasm, Africa’s economy is rising
As Europe peers into economic chasm, Africa's economy is rising (via The Christian Science Monitor) It’s a continent with a long history of war, famine, disease, and recently, a penchant for political instability due to economic mismanagement. But enough about Europe. Let’s talk about a continent with some hope: Africa.…
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