Topic: Luxembourg
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Briefing
Gay marriage laws around the globe
There is no national gay marriage legislation in the pipeline in the US, however, numerous countries around the globe already recognize same-sex marriage or the right to civil unions. Here’s the breakdown by region.
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In Pictures: Cycling in stages: Tour de France 2011
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In Pictures: Royal wedding kisses
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Europe's 5 most generous pension systems
The strikes roiling France right now are about government plans to raise the retirement age from 60 to 62 and the pension age, which determines when people can begin accessing their pension funds, from 65 to 67. France is not the only country facing a budget crunch partially because of its generous pension system. Here are five examples.
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In Pictures: Scenes from the 2010 Tour de France
All Content
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Amid criticism, EU receives Nobel Peace Prize (+video)
More than 20 top EU leaders attended today's awarding the Nobel Peace Prize to the European Union. But critics say the EU's win, coming amid the financial crisis, is inappropriate.
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Key evidence for Argentina's largest human rights case found in Florida
Former officials during Argentina's Dirty War are being charged in hundreds of instances of kidnapping, torture, and murder, and proceedings are expected to last two years, with as many as 900 witnesses testifying.
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Starbucks, Google, Amazon accused of 'immoral' tax avoidance
Starbucks, Google, and Amazon were among the major multinational corporations accused by lawyers of exploiting British tax laws to move UK-made profits overseas. Starbucks announced it is reviewing its tax practices in a bid to restore public trust.
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'Fiscal cliff' reality check: Are US taxes low or high? (+video)
As Washington confronts the 'fiscal cliff' and seeks a deal to reduce the deficit, one key issue is the tax rate. Comparatively, US taxes are low, but politically, a big hike is a nonstarter.
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France to support Palestinian bid for UN status
The Palestinians have lobbied for European support for their bid at non-member status at the United Nations. Approval would boost Palestinian efforts to gain international recognition.
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Chapter & Verse
UK booksellers lash out at Amazon: 'We pay our taxes'Booksellers across the UK have put up signs in their windows reading 'We pay our taxes' in response to a hearing by the Public Accounts Committee on Amazon's business practices.
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Stefan Karlsson
Six types of European economic trendsRecent EU data shows great divergences in Europe between different countries in economic growth, Karlsson writes.
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Chapter & Verse
Amazon is slammed with $252 million in back taxes by FranceAmazon confirmed during a hearing with Britain's Public Accounts Committee that the French tax authority asked them for the amount in September.
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Energy Voices
EU expands sanctions on IranThe EU has approved improvements to sanctions on Iran that will prohibit all transactions between EU and Iranian banks, according to OilPrice.com.
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Global News Blog
How higher education may be easing the global recessionA new OECD report on education in the world's top economies highlights the importance of higher education, which includes vocational schooling, during an economic downturn.
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Can the United Nations do anything about Syria?
Spekaing at the annual United Nations General Assembly, Secretary-General Ban Ki-moon urged world leaders to take action on the crisis in Syria.
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Germany says 'time is money,' and additonal funds for Greece aren't an option
Germany's economic minister said Greece needed to stick to their time table for bailout reforms. Greece has asked for 'time to breathe' before making budget cuts and economic reforms.
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Greek premier will meet with Merkel and Hollande in bailout extension talks
The Greek premier will be meeting with eurozone leaders this week to negotiate an extension to Greece's timetable for making financial reforms and retaining access to bailout funds.
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Long cherished, the shorter workweek loses ground in Europe
Since the economic crisis hit in Europe, aggregate hours for full-time workers have increased across the European Union, according to a new report.
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Stock futures nudged higher by possible ECB deal
Stock futures in the US edged higher Tuesday morning on hopes that the European Central Bank will work out a deal to help Spain and Italy borrow at cheaper rates. Stock futures on the Dow rose 0.2 percent to 13,255.
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Spain's borrowing costs soar. Bailout needed?
As interest rates soar and investors distrust Spain's creditworthiness in the short term, the country faces a sovereign bailout.
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Stefan Karlsson
Spain wins UEFA Euro 2012. Does good soccer mean a bad economy?As the UEFA Euro 2012 draws to a close, we wonder: Is there a negative correlation between a country's economic health and its success in soccer? Spain and Italy met in the UEFA Euro 2012 final last night, just as both nations are dealing with monetary struggles.
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Microsoft fine, $1.1B, upheld in antitrust suit
Microsoft fine costing $1.1 billion was upheld, resulting in the largest fine ever from a single antitrust case in Europe. The Microsoft fine was levied by the European Commission's antitrust suit.
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The Daily Reckoning
C'est la vie: French emphasize food, gossip over economics, warSo who's right? The French seem preoccupied with the mistresses of their new chief, and the details of their last meal. Meanwhile back in America, President Barack Obama is happily married, but taking flak for his economic and foreign policies.
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Spain makes official debt bailout request
Spain bailout: The country has made a formal request for a loan to help clean up its troubled banking sector. The Spain bailout could take up to $77.7 billion to help the country's banks survive.
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With Germany finally on board, EU can now go beyond just cuts
After weeks of pressure from other EU members, German Chancellor Merkel relented on her austerity-only prescription and acquiesced to a stimulus package for the eurozone crisis.
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New Greek prime minister after month of uncertainty
Antonis Samaras is the fourth prime minister in eight months; he faces the daunting task of resolving Greece's economic woes.
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Stefan Karlsson
Correcting Krugman: Setting the record straight on Latvia laborIn response to recent comments by US economist Paul Krugman, Karlsson clarifies and explains the concept of labor mobility, along with its potential for lowering unemployment rates across the eurozone region.
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Powerful Italy quake leaves at least 15 dead (+video)
The 5.8 magnitude quake added to the misery being felt in the Emilia Romagna region of towns north of Bologna, one of Italy's most agriculturally and industrial protective areas.
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EU still looking for way forward on Greece, growth, and euro zone
The latest summit in Brussels concluded with wide agreement that something needs to be done but with little consensus on what to do.
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