European businesses and consumers face at least 20 years of electricity price rises, according to a leaked European Commission report on how the region can meet its green energy targets, the FT reports.
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The average UK household will be in “fuel poverty” by the next election in 2015 if energy bills, which have almost doubled as a share of median income since 2004, stay on their current path, the FT reports.
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Link to the U.S. dollar is forcing Hong Kong to import ultra-loose monetary policy amid soaring property prices, but the alternatives also carry risks. The Financial Times reports.
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As the Swiss National Bank (SNB) gets ready to meet on Wednesday, a number of analysts say the central bank has few choices to try and stem the franc's recent rise.
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Cyprus may soon have to seek an international bailout, becoming the fourth state in the euro zone to request a rescue if it does not take urgent action to repair its finances, the island's largest commercial bank said on Monday.
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The euro fell on Wednesday, pressured by selling by hedge funds and stop-loss offers as worries over Greece's finances cast a pall over the single currency, bringing it closer to testing crucial support levels on charts.
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The ECB is facing a potential crisis of its own from having skeleton risks amounting to several hundreds of billions of euros on its balance sheet, according to Der Spiegel magazine.
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