Financial News Articles

Russia Bans Investors In Corruption Fight

There’s more bad news for owners of property in Cyprus after the Russian government announced a clamp down on its officials and civil servants from owning property overseas. Cyprus is a popular location for Russian property buyers and news of the proposed law is unlikely to go down well. The aim of the Russian law is to end corruption and its … [Read more...]

Spanish Property Prices Poisoned By Toxic Bank

Fears are growing that banks in Spain look set to put the skids under the country’s property prices as they offload their real estate holdings. In a bleak market that has seen prices tumble since the 2008 property crash, the move will weaken prices further and scupper any hopes for a property revival this year. The issue is that the banks … [Read more...]

More Wage Cuts And Work Sharing On The Way

Falling wages and a rise in changing working practices around the world were triggered by the global credit crisis and are set to continue as economic revival stutters. The International Labour Organisation (ILO) Global Wage Report 2012 found companies are increasingly paying lower wages by cutting working hours and overtime. There’s also an … [Read more...]

Spain takes gamble on becoming the Vegas of Europe

Spain is ready to become the European Las Vegas as super casinos have announced plans for gambling resorts. The outskirts of Madrid are earmarked for mega Vegas style resorts - while a casino is included in the massive Paramount Theme Park under construction in Murcia and due to open in 2015. Spain is already a top destination for expats and … [Read more...]

Expats accused of asking unrealistic salary demands

Too many expats make unrealistic salary and benefit demands that are much more than employers are ready to pay in Dubai, according to recruiters. Around 40% of expats demand too much money or extra benefits that price them out of the jobs market, claims recruitment agency Robert Half UAE. A survey of the market by the agency found that the … [Read more...]