Source: The Telegraph, UK
May 23, 2012
Ireland’s ‘bad bank’ to spend €2bn on property
NAMA to use money to complete projects and start new developments.
Eurozone debt crisis: Germany holds a gun to Greece’s head
Pressure on Greece increases dramatically after Germany’s central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro.
Hewlett-Packard to slash 27,000 jobs
Hewlett-Packard is to slash 27,000 jobs, or 8pc of its global workforce by 2014, as chief executive Meg Whitman attempts to revive the fortunes of the world’s largest PC maker.
Spain injects €9bn into ailing lender Bankia
Spain’s finance minister said the government would inject “at least €9bn” (£7.2bn) into ailing lender Bankia while insisting it was an isolated problem which would not spread to the rest of the country’s banking system.
Facebook and its Wall Street advisers are being sued by investors claiming they were misled about the company’s business prospects before its record flotation.
