Fotis Kollias

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Germany's Schaeuble says ministers to discuss Greek credit line early Dec | Reuters

BERLIN (Reuters) - Eurozone finance ministers will discuss in early December conditions for providing Greece with credit when its current aid program expires, German Finance Minster Wolfgang Schaeuble said on Sunday.<p>German Finance Minister Wolfgang Schaeuble makes a speech prior to a vote on the …

The Algorithm Economy Heads To Amazon

Holidays are a time for families to come together, catch up over great food and drinks, and determine all the technical problems that need solving throughout the house. Indeed, for children growing up in the digital age, the holidays ultimately boil down to free (or more accurately, …

Greece Is Becoming A Huge Startup Incubator Despite Economic Crisis

Faced with the worst unemployment wave in living memory, Greece's youth are turning away from the traditional pursuit of civil service or family-centered jobs, and towards innovation and foreign funding.<p>"If I can make it here, I can make it anywhere," muses Petros Boskos, a 35-year-old …

Foreign automakers find Iranian market has gone local

Iran's auto industry has been a major casualty of penalties imposed over the Islamic republic's nuclear programme, with production plummeting and workers laid off because of the ensuing economic slowdown.<p>France's PSA Peugeot-Citroen and South Korea's Hyundai left the country altogether, while …

Greece Is Finally Out Of Recession After 6 Horrible Years

It's been a long, long haul, and after six years, one of the country's longest recessions in economic history. Eurostat just released figures showing the recession actually ended in the first quarter of this year (Greece does not usually publish quarterly GDP numbers), but the data is all new.<p>It's …

SunPower wants to be the Dell of solar

Advertisement<p>9 Comments<p>Credit: Jon Callas/Flickr<p>SunPower plans to take a cue from Dell when it comes to selling solar. The company’s chief marketing …

UK Reporter’s Anti-Banker Rant Goes Viral

Paul Mason, a reporter for Channel 4 News in the UK, has become an online sensation, after railing against the greed and corruption of …

Guess How Much Money Bill Gross Made Last Year?

How much compensation the folks at Pacific Investment Management Co., better known as Pimco, haul in each year has always been a topic of fascination …

How the Dollar Went From a Simple Banknote to the World's Currency

For starters, it never hurts to be backed by nearly all the world's gold.<p>It must be wonderful to be so desirable at age 100.<p>Yes, it was in late 1914 that the U.S. Federal Reserve note, the official incarnation of the U.S. dollar, first shot from the U.S. Treasury’s Bureau of Printing and …

In Amazon/Hachette deal, ebook agency pricing is a winner

Advertisement<p>20 Comments<p>Credit: Shandrus/Shutterstock<p>In the deal that Amazon and Hachette Book Group finally reached Thursday after months of bitter …

'Capital In The Twenty-First Century' Named Business Book Of The Year

Announcing the award, FT editor and chairman of the judges Lionel Barber said that, "While not everyone agreed on the policy prescriptions, we recognised the quality of the scholarship," and Barber said the book is "a challenging, but ultimately important book."<p>Piketty's 700-page book, which was …

Here's One Theory For Why Samsung Profits Are Getting Demolished

Earnings are down 49% from a year ago as the company struggles to compete against other high quality smartphones that sell in emerging markets for a lot less. Meanwhile, its new product categories like the six smartwatch models it has released in the last 13 months have failed to take off.<p>But …

The Weird Reason Why Video Games Are Released On Tuesdays

But Sega had some tricks up its sleeve. Namely, releasing a 16-bit console, the Genesis, before Nintendo could release its version, the Super Nintendo.<p>Sega also had an amazing idea for how to hype up the sequel to its biggest game.<p>The original "Sonic the Hedgehog" was released in 1991, and was an …

Say ‘hi’ to your new colleague: the needy robot

The next Machine Age will not just augur job losses and the transformation of some professions. The future could be a lot worse. It may also let …

Russia to build Iran nuclear reactors

Russia has signed a contract to build two more nuclear reactors in Iran likely to be followed with another six, a move intended to cement closer ties between the two nations.<p>The deal comes less than two weeks ahead of the November 24 deadline for Tehran to sign an agreement on its nuclear programme …

Five banks fined for forex rate rigging | DW | 12.11.2014

The United States Commodity Futures Trading Commission (CFTC), Britain's Financial Conduct Authority (FCA) and the Swiss Supervisory Markets …

Investing

Italian unions call general strike | DW | 12.11.2014

Italy's CGIL union confederation on Wednesday called a general strike on December 5, urging other union blocs such as the CISL and the UIL to back …

Europe

The Rise of Urban Innovation Districts

The geography of innovation is shifting. For proof, start with Google, which over the past 10 years has taken the core R&D and innovation-oriented activities it once housed only in Silicon Valley and extended them into cities. The company’s presence in London’s Tech City, New York City’s Chelsea …

Enter the dragon... [Explored!]

The psychology of the job interview

In the brutal, often disheartening world of online job applications, landing a face-to-face interview has become a commendable feat in itself, and can instill anxiety in even the bravest of applicants. You’ve prepped for the interview, picked out the power suit and now it’s time for the big day. We …

30-Year-Old Who Sold His Startup For $170 Million Just Wrote 1,284 Slides On How To Win Life

Clocking in at an insane 1,284 slides, the presentation includes such gems as:<p>"Important people like opening FedEx packages."<p>And:<p>"Let your inner child come out daily and silly dance."<p>Valleywag's Nitasha Tiku posted and mocked the slidedeck Wednesday and we've spotted some problems with it, too, but …

Banks fined billions for rigging currency markets

LONDON (AP) — Traders with nicknames like the "Three Musketeers" and the "A-Team" plotted over Internet chat rooms to manipulate currency markets for …

EU's Juncker takes political responsibility for Luxembourg tax deals | Reuters

BRUSSELS (Reuters) - The new European Commission president, Luxembourg’s Jean-Claude Juncker, took political responsibility for his country’s tax practices on Wednesday, saying he would fight tax evasion with more automatic exchange of information between countries.<p>European Commission President, …

Actavis may buy Allergan for at least $60 billion: Bloomberg | Reuters

(Reuters) - Merger talks between Allergan Inc and white knight Actavis Plc are focused on narrowing a gap of about $3 billion between what has been offered and what is wanted, Bloomberg reported on Wednesday.<p>Allergan Chief Executive David Pyott speaks during an interview in New York July 8, 2014. …

Greece investigates funds over short-selling rules | Reuters

ATHENS (Reuters) - Greece’s securities regulator is investigating whether foreign funds and other entities violated short-selling rules earlier this year when the country’s top banks launched rights issues, an official at the regulator said on Wednesday.<p>The official, confirming comments made by the …

Goldman Sachs promotes 78 employees to elite partner status

Goldman Sachs has promoted 78 employees to partnership level, according to an internal e-mail shared with <i>Fortune.</i><p>Reaching partner is an important …

Unhappy Yahoo investors urge merger with AOL

At least two of Yahoo's top ten stockholders want AOL to merge with and run the company, Reuters reported on Wednesday.<p>The investors are reportedly unhappy with the turnaround efforts of Marissa Mayer, who took over as Yahoo CEO in 2012 and has been striving to revive the company's sales and …

Advertising

Amazon to begin testing same-day delivery drones in Cambridge

Amazon is planning to test drones in Cambridge, England, as the battle to offer consumers same-day deliveries heats up.<p>The US company announced with considerable fanfare late last year that it was considering using drones as a way of dramatically reducing the time it takes to deliver orders to …