Sotirios Chinos

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Chinese house prices continue to rise in August

<b>China property prices continued to rise in August, despite government efforts to cool the market.</b><p>Prices for new homes rose in 69 of 70 major cities. It is the fourth month in a row prices have risen in all but one of China's biggest cities.<p>China has been trying to rein in property prices amid fears …

Greece's birthrate falls as austerity measures hit healthcare

Greece has suffered a huge drop in its number of live births because of austerity and unemployment, according to a senior government official.<p>The decline of almost 15% in the past four years is unparalleled in Europe and highlights the savage impact costcutting measures are having on the nation at …

A turf war between Coke and Pepsi shows that neither is the “good” company

<b>(Wikimedia Commons)</b><p>A fight over ‘pouring rights’ made ‘killer Coke’ out to be the bad guy, but Pepsi doesn’t look so hot either<p>Jodie Gummow<p>September 18, 2013 12:42pm (UTC)<p>This article originally appeared on Alternet.<p>Last month PepsiCo won a battle in the cola wars against Coca-Cola when the City …

Hyperinflation is forcing Venezuela to print hundreds of millions of extra banknotes

The more expensive things get in Venezuela, the more 100 bolivar bills Venezuelans are forced to carry in their pockets. And things are getting pretty expensive in Venezuela, which is leaving the country severely short on banknotes.<p>Inflation in the country hit 45.4% in August, well above …

Venezuela

FedEx Delivers A Warning About The Global Economy

On a day all about whether the U.S. economy is still weak in the knees, signs of achiness and fatigue appeared in comments made this morning by FedEx.<p>While FedEx beat Wall Street profit expectations for its fiscal-first quarter, billionaire CEO Fred Smith did his usual gloomy grumbling. “FedEx …

Apple's shares fall on emerging market concerns

<b>Apple's shares fell more than 5% as investors worried that the firm's latest iPhone models may not help it increase its share in emerging markets.</b><p>It launched two models on Tuesday, the iPhone 5S and a cheaper iPhone 5C.<p>But the basic 5C model, with 16 gigabytes of storage, has been priced at £469 …

Stock Markets

Facebook shares hit record high

Shares in Facebook finally climbed above the $45 threshold on Wednesday, briefly surpassing the record set on the day the social network first went public.<p>Facebook gained as much as 3.3pc in value, with shares reaching $45.05 at midday in New York, buoyed by signs that it will soon be able to make …

5 Years After Financial Crisis, Are Big Banks Still A Threat?

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.<p>The 2008 …