Rome: Italian consumer confidence in October fell to its lowest level in more than three years amid concern that efforts to cut spending in Europe's second most indebted country could lead to recession. The sentiment index fell to 92.9 from 94.2 in September, Rome-based national statistics office Istat said Tuesday. [...]

London: Swiss banking giant UBS, which employs 6,000 staff in Britain and 65,000 across the world, will chop 3,500 jobs, a media report said. The job cuts were part of the bank's bid to save 1.5 billion pounds by the end of 2013, the Daily Express reported. The cuts will [...]

Washington : US President Barack Obama is touting the revival of a bailed-out auto company as a vindication of his administration’s controversial decision to bail out the financially strapped auto industry last year. A week after General Motors’ post-bankruptcy stock sale smashed records on Wall Street, Obama told an assembled [...]

  London : The British government is poised to sell off some of the country’s struggling banks bailed out and nationalised in the wake of the global financial meltdown, it was reported Sunday.       Northern Rock, Royal Bank of Scotland (RBS) and Lloyds Bank are all set to [...]

A new study released today by the Families and Work Institute (FWI) finds that in the face of recession, and at a time of cost cutting, the overwhelming majority of employers (94%) are maintaining or increasing their workplace flexibility programs. In fact a quarter of the employers (26%) specifically used [...]